The regulatory landscape is evolving rapidly

Digital assets are no longer a novelty; they’re becoming part of everyday finance. For institutions, crypto adoption presents both an opportunity and a compliance challenge. New frameworks such as MiCA and EBA guidance require banks, funds and virtual asset service providers (VASPs) to perform enhanced due diligence on crypto transactions. To meet these requirements efficiently, firms need technology that understands the blockchain and a partner that understands regulation. That is why Provenance is partnering with ChainComply.

About ChainComply

ChainComply builds plug and play solutions designed to help AML obliged entities connect with the blockchain and conduct Know Your Transaction (KYT) enhanced due diligence. Its platform combines exchange account data and on chain transactions to give compliance teams a holistic picture of clients’ transaction history. Key features include:

• Counterparty analysis & automated risk detection: ChainComply highlights risky counterparties and unusual patterns.
• Source of funds and source of wealth insights: The tool helps institutions effortlessly trace fiat and crypto inflows.
• Integration with top blockchain forensic tools: Users can rely on risk scores from established forensic providers while getting off chain context.
• One click reporting & data completeness: ChainComply produces standardised reports for regulators and auditors and ensures decisions are based on clean, complete data.

By automating data aggregation and analysis, ChainComply allows compliance teams to process crypto related due diligence cases much faster, transforming regulatory obligations into a streamlined workflow.

Why this partnership makes sense

ChainComply brings a best in class KYT platform that aggregates on chain and off chain data, automates risk detection and produces one click reports. Provenance complements this technology by providing implementation expertise, regulatory guidance and operational support. Our team will help clients integrate ChainComply’s solution into their existing compliance frameworks, ensure reports align with local regulatory requirements, and supply the human expertise – AML officers, KYC analysts and trainers – to operate and interpret the tool’s outputs.

By joining forces, we will:

• Offer a seamless end to end compliance solution: From wallet screening and transaction monitoring to policy development and regulatory filings.
• Accelerate onboarding and due diligence: Combining ChainComply’s automation with Provenance’s e KYC platform and OSINT driven risk assessments reduces friction and cost.
• Deliver holistic insights: Clients will gain a 360 degree view of customer risk by integrating on chain analytics with in house KYC/KYB data.
• Ensure cross jurisdiction compliance: Provenance’s presence across Cayman Islands, BVI, Ireland and other jurisdictions – along with ChainComply’s MiCA aligned workflows – means clients can meet international standards with confidence.

Looking ahead

We will host a joint webinar later that month to demonstrate how ChainComply’s technology integrates with Provenance’s services. We invite current and prospective clients to join us and learn how this partnership can transform their approach to crypto compliance.

Want to know more? Reach out to our team to discuss how Provenance and ChainComply can help your organisation navigate the future of finance.