Navigating the licensing process for Virtual Asset Service Providers can be complex, resource-intensive, and time-consuming—often with other firms charging exorbitant fees for assistance. Provenance Compliance simplifies the journey with a cost-effective, expert-led approach, guiding you through every step, from initial regulatory assessment to full application submission.
With our deep expertise in virtual asset regulations, we help you meet compliance requirements, reduce risks, and position your business for long-term success. Let us handle the complexities—efficiently and affordably—so you can focus on building and scaling your VASP with confidence. We are not a law firm but we are a firm full of lawyers.
Streamline your regulatory obligations with our expert solutions. From tailored compliance frameworks to specialized AEOI services (FATCA and CRS), we ensure accurate reporting and adherence to global standards. Empower your team with our web-based training programs, offering practical guidance on Compliance in the Crypto space, AML/CFT and evolving regulatory requirements.
Setting up a Virtual Asset Service Provider in your chosen jurisdiction requires compliance with the regulatory framework established by the local regulator. Provenance Compliance helps businesses navigate this complex process, ensuring a seamless and efficient application experience.
Our team provides expert guidance at every stage, from assessing your eligibility to preparing and submitting a fully compliant application. With deep knowledge of virtual asset regulations, we help mitigate risks and position your business for long-term success.
Provenance Compliance offers end-to-end support for VASPs applying for a license, ensuring regulatory compliance and a smooth approval process. Our services include:
Regulatory liaison & ongoing advisory – project-managing communication with the regulator and providing post-licensing compliance guidance.
Regulatory readiness assessment – evaluating your business model for VASP licensing eligibility.
Application preparation & submission – drafting and compiling required documentation for approval.
AML/CFT compliance framework – designing policies, procedures, and risk assessments aligned with AML regime.
Business plan & governance support – developing governance structures and financial projections tailored to regulatory expectations.
With extensive experience in the virtual asset regulatory landscape, we simplify the VASP licensing process by handling the complexities on your behalf. Our team of compliance specialists ensures your application meets all necessary requirements, reducing approval delays and regulatory risks.
Provenance Compliance offers a cost-effective solution without compromising on quality. Our streamlined approach provides expert guidance at a fraction of the cost, ensuring you get the support you need while keeping expenses under control.
From initial assessment to post-licensing compliance, we provide the expertise you need to launch and scale your VASP successfully—efficiently, affordably, and with confidence.
Provenance embraces challenges presented by unprecedented questions. In an ever-evolving industry, new and unconventional compliance needs arise. We offer tailored solutions and ad hoc compliance consultation sessions, leveraging our expertise in the digital assets sector to provide practical solutions and guidance.
Our services cater not only to crypto firms but also to traditional finance firms seeking to explore and engage with the digital assets space. With specialized knowledge in AML, Governance, Risk Assessment, Due Diligence, and more, we provide the support needed to navigate this complex and dynamic environment.
This service is designed to be highly flexible, allowing us to adapt to your unique requirements and priorities. By working with Provenance, you benefit from direct access to experienced professionals offering exceptional value and expertise, without unnecessary overheads or inefficiencies.
Provenance offers comprehensive AEOI services tailored to meet your needs, whether through a full-service package or individual offerings. Our AEOI Services include:
- Global Intermediary Identification Number (GIIN) Registration: Acting as a responsible officer on the IRS portal, we handle periodic certifications related to entities’ reporting and due-diligence compliance status. We also prepare IRS and Self-Certification Forms on behalf of the Reporting Financial Institution.
- AEOI Reporting Portal Registration: Provenance completes the one-time registration on the DITC/BVIFARS Portal.
- Principal Point of Contact: We serve as the Principal Point of Contact and Authorized Person, maintaining portal registration on your behalf.
- Annual Reporting: Provenance prepares the Account Holders Classification report to determine investors’ reportable status under FATCA and CRS. This includes the preparation and filing of XML reports in the respective jurisdiction(s), along with handling CRS Declaration filing and preparing the CRS Compliance form.
- Draft Policies and Procedures: We assist in drafting Policies and Procedures to ensure compliance with AEOI requirements.
Service available in 18 jurisdictions, including Cayman Islands and BVI.
Provenance offers online Cayman and BVI AML Training and Blockchain Fundamentals Training, developed by our team of experts. Our web-based training provides a comprehensive overview of regulatory requirements, digital asset red flags, and critical cryptocurrency considerations.
Key features and benefits of our training courses include:
Our specialized training empowers controlling persons, including Senior Management and the Board of Directors, with essential knowledge to navigate the unique challenges and opportunities presented by digital assets. We ensure compliance and operational integrity, enabling you to confidently lead in this dynamic industry
Other Services
We help Teams navigate the regulatory landscape with confidence, paving the way for a more inclusive and compliant decentralized future.
AML Officers
Our Anti-Money Laundering Compliance Officers (AMLCOs) and Money Laundering Reporting Officers (MLROs) specialize in collaborating with Virtual Asset Service Providers (VASPs), Decentralized Autonomous Organizations (DAOs), and tokenized issuance entities across jurisdictions—including the Cayman Islands, British Virgin Islands, Bermuda, Bahamas, Ireland, and South Africa.
KYC & KYB Managed Services
Say goodbye to traditional KYC/KYB checks. Our cutting-edge e-KYC platform integrates seamlessly with global corporate registries and databases, enabling real-time electronic verification and minimizing documentation requests to reduce client frustration
Onchain Analytics
Enhance wallet screening and source of funds reporting through advanced tracking and verification, leveraging partnerships with leading blockchain analytics firms—Chainalysis and Elliptic—and proprietary methodologies for superior compliance and investigative capabilities.
Crypto Currency Security Standard
Implement a globally recognized framework addressing key management, operational security, and system configuration to robustly protect digital assets and align with industry standards against potential threats.
Audit, Risk, Due Diligence Services
By understanding your business structure, operations, and strategic objectives, we tailor our audit scope to effectively address key risks and compliance requirements.
Let’s Build Something Together
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