Meeting with genx AML

Date

Feb 14, 2022

Note Taker

Property 1

Action Items

genx virtual currency address list

Frequency of list changes (sectoral in OFAC lists)

https://home.treasury.gov/policy-issues/financial-sanctions/specially-designated-nationals-list-data-formats-data-schemas

Agenda 

AML/Compliance 

Sanctions/compliance: zero tolerance, any amount

You need a system of controls in space

What are best practices:

first level: country + wallet address >> exclude certain countries/jurisdiction, IP address? we can just use another API?

Phase 1> public list

Phase 2 > requires 2 providers for ethical reasons

Discount all published addresses and sanctioned countries

Meeting with genx AML

Date

Feb 14, 2022

Note Taker

Property 1

Action Items

genx virtual currency address list

Frequency of list changes (sectoral in OFAC lists)

https://home.treasury.gov/policy-issues/financial-sanctions/specially-designated-nationals-list-data-formats-data-schemas

Agenda 

AML/Compliance 

Sanctions/compliance: zero tolerance, any amount

You need a system of controls in space

What are best practices:

first level: country + wallet address >> exclude certain countries/jurisdiction, IP address? we can just use another API?

Phase 1> public list

Phase 2 > requires 2 providers for ethical reasons

Discount all published addresses and sanctioned countries