By Anne Winston — Press Release for November 5, 2019
Ospree, known as the “Plug & Play” full-stack compliance solution announces today it has added Future1Exchange as its newest client. 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.
“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 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.
Future1Exchange is a digital asset exchange providing institutional-grade services designed for professional traders and retail investors allowing customers to buy, sell, and store tokens. Founder and CEO Kishore, a former Hedge Fund Manager and Silicon Valley alumni, has an ambitious vision to expand Future1Exchange’s services globally, and also to graduate into P2P and Margin Trading. Future1Exchange is fully licensed out of Estonia, and also has a heavy presence in Singapore. For more information, please visit: www.future1exchange.com.
About Ospree Plug & Play
Ospree is a RegTech software company providing compliance solutions for the digital asset industry. Our partners include the world’s largest identity verification and blockchain forensic companies that are shaping the future of compliance. In collaboration with CipherTrace, the Ospree platform gives access to the most comprehensive cryptocurrency trace with more than 700 assets and 522 million attribution data points. For more information please visit: www.ospree.io, for a free demo or quote, visit our https://www.ospree.io/get-started-form and let's get to know each other!