A robust compliance framework forms the foundation of safe stablecoin operations. This phase focuses on developing processes that satisfy regulatory requirements while maintaining operational efficiency. The framework must be both comprehensive and adaptable to evolving regulatory landscapes.
The AML/KYC framework must balance regulatory compliance with operational efficiency. We'll implement a tiered approach that adjusts due diligence requirements based on transaction risk profiles.
graph TD
A[Initial Assessment] --> B[Risk Scoring]
B --> C[Due Diligence Level]
C --> D[Basic KYC]
C --> E[Enhanced DD]
C --> F[Advanced DD]
D --> G[Ongoing Monitoring]
E --> G
F --> G
Risk Factor | Low Risk | Medium Risk | High Risk |
---|---|---|---|
Geography | Tier 1 | Tier 2 | Tier 3 |
Volume | <$100K/day | $100K-1M/day | >$1M/day |
Entity Type | Listed Corp | Private Corp | Complex Structure |
Activity | Standard | Complex | High-Risk |
Implementation Guidelines: Understanding the nuanced requirements of KYC in the stablecoin context requires special consideration of:
The transaction monitoring system must provide comprehensive coverage while minimizing false positives. We'll implement a multi-layered approach that combines traditional and blockchain-specific monitoring.