VASP attribution and AML screening

Evaluate target VASPs based on publicly available information.

VASP attribution assumes that Sumsub identifies the VASP behind a wallet address and obtains information about its legal and regulatory status when needed. Sumsub uses data obtained from Crystal, MerkleScience, Chainalysis, or Partner Protocols.

As a result, the VASP is defined as one of the following entities:

  • A licensed exchange, online marketplace, online wallet, P2P Exchange (licensed), payment processor, or other.
  • An unlicensed exchange, unlicensed P2P exchange, liquidity pool.
  • A darknet marketplace, miner, sanctioned entity, ransom platform, scam, seized assets entity, stolen coins, terrorism financing platform, mixing service, illegal service, gambling platform, fraudulent exchange, enforcement action, darknet service, child exploitation organization.

VASP AML screening ensures that none of the physical and legal applicants verified by Sumsub pose a money laundering threat to your organization. Sumsub uses data obtained from ComplyAdvantage, a leading watchlist screening provider. This information is available in the Extended Essential Checks report for VASPs

If you have a personal ComplyAdvantage account, you can submit your own API key to request the ComplyAdvantage API directly. The data received from this source will be automatically added to your VASP Due Diligence report.

You can enable or disable cross-checking Originator and/or Beneficiary data against Warnings and/or Fitness and Probity databases, as well as against PEP lists and their specific classes, and choose which type of crime to check and which to exclude.

You can also customize the fuzziness settings in the Dashboard.