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Compliance

Customer Due Diligence (CDD)

  • Verification Procedures: We conduct thorough identity verification for new customers using government-issued documents, biometric verification, or third-party verification services.
  • Enhanced Due Diligence (EDD): For higher-risk clients, we perform enhanced due diligence, including the source of funds, to identify potential sanctions risks.
  • Automated Screening Tools: We screen transactions and parties against global sanctions lists (e.g., OFAC) in real-time to prevent unauthorized transactions.
  • Global IP Denylist: We block IP Addresses from Government affiliated entities, as well.
  • Regular List Updates: We ensure that our screening tool is updated regularly to reflect changes in sanctions lists. We maintain and monitor addresses from the Specially Designated Nationals (SDN) list of the US Office of Foreign Asset Control. We maintain an open source tool that automates the update process for new addresses, which can be found here: sambacha/ofac-list