Nov 5 / 2019
Latest News / Blockchain news
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Posted by: Jools Moore

Future1Exchange integrates with Ospree

Future1Exchange Integrates with Ospree’s state-of-the-art Virtual Asset Compliance Platform

Future1Exchange has announced it will be integrating with Ospree, a “Plug, and Play”, full-stack compliance solution provider. Ospree will support Future1Exchange to build a risk mitigation strategy as well as provide transaction monitoring software to ensure compliance with applicable Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards.

Future1Exchange founder and CEO, Kishore M.
Future1Exchange founder and CEO, Kishore M.

“Regulatory compliance is a central point of focus in our business. With governments and investors demanding increased transparency, Virtual Asset Service Providers (VASP) need to implement effective systems to monitor AML/CTF risk. With the integration of Ospree to our platform, Future1Exchange can track and assess the flow of funds in digital-assets in near real-time”, Mr. Kishore, Founder and CEO of Future1Exchange.

The compliance landscape is changing rapidly resulting from increased pressure for Virtual Asset Service Providers (VASP).

“We are thrilled to add Future1Exchange to our list of Clients. We observe that current and upcoming regulations are creating complex requirements for VASPs and our goal is to build solutions that make life easier for industry participants. Ospree leverages companies’ existing compliance environments by connecting information from KYC software companies already in use and integrating them into a single platform. This streamlines the whitelisting and transaction monitoring processes by removing data silos and ecosystem barriers”, Javier Tamashiro, Managing Partner of Ospree.

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