Following OFAC’s lead on listing individuals with Digital Currency Wallet IDs, SQA Consulting has expanded its payments screening assessment to include validating that these digital currency addresses are being screened.
The SQA Consulting Payments Screening Assessment measures a screening system’s capability to screen all of OFAC’s list, and over 40 other lists from around the world.
Relied on by many of the World’s biggest banking brands the screening assessment looks to discover possible vulnerabilities in screening, and provide the necessary information to close them.
Whilst Digital Currency IDs are not something that are at the top of many bank’s compliance agendas at the moment, the growth of digital currencies, the very viable potential to use them for terrorist funding, the start of major banks supporting their use for trade finance, and now OFAC’s decision to list them; will force the issue into prominence over the next year.
Please contact us to find out more, or download our brochure here.