Overview

Fireblocks' Compliance Integrations provide a streamlined approach for compliance teams to navigate the evolving regulatory landscape of digital assets. By partnering with leading digital asset compliance solutions, Fireblocks offers real-time transaction monitoring directly within its platform, enabling businesses to meet regulatory requirements efficiently and address emerging industry threats.

Features and Capabilities

• Transaction Screening:
  • Real-time monitoring and risk scoring for all inbound and outbound transactions.
  • Automated compliance actions based on predefined policy rules.
• Wallet Screening:
  • Automated address screening to identify potentially risky wallets before interaction.
• Travel Rule Compliance:
  • Automatic generation of Travel Rule reports for transfers.
  • Validation of requests from other providers across jurisdictions.
• Automated Screening:
  • Integration of compliance checks into every transaction, preventing interactions with risky wallets.
  • Capability to freeze inbound transactions from potentially risky wallets for assessment before fund utilization.
• Compliance Policy Rules:
  • Configuration of transaction rules based on company-specific compliance policies.
  • Utilization of risk scores generated by integrated compliance providers to inform policy rules.
• Compliance Dashboard:
  • Centralized management of policy rules for each compliance solution provider through the Fireblocks console.
  • Simplification of operations by avoiding the complexity of managing multiple platforms.
• KYT and AML Protection:
  • Implementation of Know Your Transaction (KYT) protocols to prevent interactions with bad actors.
  • Compliance with Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations.
  • Integration with solutions like Chainalysis and Elliptic for screening and flagging transactions linked to sanctioned entities and high-risk addresses or activity patterns.
• Travel Rule Compliance Solutions:
  • Management of new FATF Travel Rule requirements, necessitating the collection and disclosure of specific customer data for certain digital asset transactions.
  • Handling of varying disclosure and threshold requirements across global jurisdictions.
  • Utilization of solutions like Notabene for end-to-end Travel Rule compliance, including approval and decline of data transfer requests, automation of qualifying transactions, and secure exchange and storage of customer information.