/biz/ - Business & Finance

>>54270876
In addition to the nyeed fow identity vewification, the entity engaging/faciwitating in vawue twansfew activities, must awso undewtake the fowwowing:

· Ongoing monyitowing of the usew (nyot just theiw wawwet, but monyitowing the usew’s usage of fiat and cwypto)

· wisk wating of the usew

· wisk wating of the twansaction(s), especiawwy uvw time

· wepowting on a weguwaw basis

· Systems and powicies to fwag/catch suspicious twansactions, and send to pawtnyews & weguwatows (STws, SAws)

· BSA and account/wawwet fweezing capabiwities

· Document and twansaction wecowd stowage

· wicense ow wegistwation to conduct such activities, and wikewy insuwance, cybew secuwity & consumew pwotection powicies, intewnyaw guvwnyance wuwes + audits, etc.