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The use of PEP (Politically Exposed Person) and Sanctions checks in the crypto industry is an important tool for financial institutions to comply with regulatory requirements and prevent money laundering and other financial crimes.
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PEPs are individuals who are or have been entrusted with a prominent public function, such as heads of state, senior politicians, and high-ranking government officials. Due to their positions of power and influence, PEPs may be at higher risk of involvement in corruption and other financial crimes. As such, financial institutions are required to conduct enhanced due diligence on transactions involving PEPs, in order to identify and mitigate any potential risks.
Sanctions, on the other hand, are penalties or other measures imposed by governments or international organizations to pressure a country or entity to comply with certain standards or policies. These can include economic Sanctions, such as asset freezes and trade restrictions, as well as travel bans and other measures. Financial institutions are required to comply with Sanctions imposed by the jurisdictions in which they operate, and to block or reject any transactions that are linked to designated individuals or entities on the Sanctions list.
In the crypto industry, PEP and Sanctions checks are performed by integrating a specialized system with existing crypto exchange and wallet platforms. The system automatically conducts checks against regulatory Sanctions lists and the global PEP database, and alerts the compliance team when a transaction matches a PEP or Sanctions hit. The compliance team can then investigate and resolve the flagged transaction, ensuring that the financial institution remains compliant and risk-free.
By using PEP and Sanctions checks in the crypto industry, financial institutions can protect themselves and their customers from the risks of money laundering and other financial crimes, and maintain their compliance with regulatory requirements.

Our Features

Scanning

Choose a quick ad-hoc scan of an individual or company, or run a batch scan of some or all of your customer base.

Ongoing Monitoring

Receive notifications of changes to profiles of matches, or new information affecting your customers, through automatic daily screening against global PEP & Sanction, as well as adverse media data sources. 

Due Diligence

Comply with auditing through the integrated due diligence to assign risks and decisions to matched profiles for your customers and applicants.

Intelligent Parameters

Customise your scan parameters and Watchlist category selection to meet your organisation’s regulatory obligations.

Comprehensive Reporting

Create and download reports in PDF, Word, and Excel as part of your KYC obligations, and to meet audit requirements. 

Whitelists

Create whitelists from due diligence decisions of ‘false match’, to apply to future scans in order to eliminate false positives and reduce your workload. 

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Role-Based Access

Simple and advanced permissions access to features with pre-defined user roles to provide selected access to scanning, reporting and administration features. Further fine-grained permissions options to customise features access for individual users.

API Access

Prefer to see data your way and within your own application? Integrate with the MemberCheck REST API to securely run single and batch scans, and receive results in real time.

Why choose MemberCheck?

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Other Solutions

No real-time monitoring

Data is gathered and reviewed manually

Hard to navigate and problematic systems

Hidden fees and complex onboarding processes

Infrequent update of Watchlist Databases

Lack of API integration

Limited Coverage

Dated systems with inadequate filtering capabilities

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MemberCheck Solution

Real-time risk monitoring

Watchlist Database created using Machine Learning and AI

Intuitive and accessible web interface

Transparent pricing with no hidden costs

Database is updated daily

Unlimited multi-user access at no additional cost

API integration capabilities

Global coverage of PEP/Sanctions and Adverse Media

Intelligent filters to reduce false positives

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Industries we serve
Financial Services

Financial Services

Financial services must keep pace with developing rules and regulations in order to meet their compliance obligations.

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Superannuation

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Superannuation

Superannuation companies may expedite their onboarding process while also ensuring that they understand their risks by utilising our risk management solutions.

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Crypto Exchanges

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Crypto Exchanges

Use our robust PEP and Sanctions screening solutions to onboard more individuals without risking AML or KYC fines.

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Gaming & Gambling

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Gaming & Gambling

Establishing effective client due diligence processes, monitoring activities and record keeping are all important when attempting to reduce the risk of money laundering and terrorism financing.

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Digital Banking

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Digital Banking

Knowing who your customers are, is increasingly important in this digital age. Use our solutions to verify the identities of your customers.

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Insurance

Insurance

Our risk management solutions enable insurance companies to meet the regulators' expectations today, and to keep up with constant changes in regulations.

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Accounting

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Accounting

Identify suspicious entities and individuals in real time through our suite of risk management solutions.

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Legal

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Legal

Comply with your AML compliance obligations by using our range of risk management solutions.

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Real Estate

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Real Estate

Know Your Customer and manage your risk through our risk management solution.

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Precious Metals

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Precious Metals

Know Your Customer and proactively manage your risk.

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Emerging Markets

Superannuation

Insurance policies are susceptible to exploitation by fraudsters and criminals.

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Emerging Markets

Access our robust APIs and build streamlined onboarding processes to Know Your Customers and Manage Your Risk.

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Testimonial Image

Fexco operates in nearly 8 pacific countries & our FX system does not have an inbuilt PEP screening & due to the large number of transactions that we process MemberCheck is perfect for us. Also, it easy for me to conduct training as it’s simple & straight forward.

Rupali Barboza

Group Compliance Manager - Fexco
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I have been using MemberCheck for over a year, initially using its classic interface. The features I particularly like are being able to stay on the same page to view multiple profiles using four different viewing options, and the ability to drag-and-drop a file in order to perform batch scans. Overall, I have enjoyed the new MemberCheck experience and I highly recommend transitioning to its new modernised platform.

Frances H.​

Senior Communications Officer - Commonwealth Superannuation Corporation
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DDH Graham has used the MemberCheck service for more than five years and it has become an essential part of the toolkit we use in providing a leading edge administration service to our superannuation clients. Seamlessly integrated into our member registry platform, MemberCheck provides us and our clients with the security that all of our AML compliance goals are being met.

David B.​

Director Ejecutivo - DDH Superannuation
Are you ready to take control of your cryptocurrency risk management? Our solution can help you stay ahead of the game and protect your investments. Contact our team now to learn more and start safeguarding your assets.
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