Future1Exchange Integrates with Ospree’s Virtual Asset Compliance Platform to combat AML
Ishan Garg Posted On November 5, 2019 
Leading Estonian exchange, Future1Exchange will be integrating with Ospree, a “Plug, and Play”, full-stack compliance solution provider. The integration will allow Future1Exchange to build a risk mitigation strategy and also provide transaction monitoring software to ensure compliance with applicable Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards.
Future1Exchange is a fully regulated exchange, which provides institutional-grade services designed for professional traders and retail investors. Kishore M, the CEO of Future1Exchange says,
“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”
Ospree has partnered with some of the world’s largest blockchain forensic companies, such as CipherTrace, to provide the most comprehensive cryptocurrency tracing solution. Javier Tamashiro, Managing partner at Ospree said,
“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 in use and integrating them into a single platform. This streamlines the whitelisting and transaction monitoring processes by removing data silos and ecosystem barriers”.
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