Project Example

Compliance program for non-custodial wallet

Year: 2022

Client: Non-custodial crypto wallet

Brief: Create a new compliance program for an unhosted wallet provider that is not classified as a financial institution but still has compliance obligations.

Deliverables: Canaria worked with the client to create a tailored compliance program unique to its unhosted wallet operations, including:

• An enterprise-wide risk assessment

• Sanctions screening controls

• Sanctions blocking controls

• Company-wide training

• Unusual activity referral process