Weekly Update 6th May 2022
What an exciting week! It was all about new partnerships and preparing for news we will be announcing next week. Let’s take a closer look at some of our updates for this week.
Partnership with Oz Finance
The first partnership of the week was with Oz Finance. Their core objective is to provide Open Zone Living in a decentralized world. Sekuritance will be guiding and aiding Oz Finance in filling their cap table aiding the onboarding of their investors at a private level. Oz is a global community that intends to find, partner, reside, and operate in open zones that can provide the benefits of Oz Living. The World’s First Residency-Enabled Token: TOTOZ. Check out their website: https://oz.finance/
Partnership with Early Gems
Another partnership is with Early Gems Capital. Their core objective is to provide investment in innovations within the blockchain world. Sekuritance will be aiding and linking Early Gems Capital with up and coming projects that we’ve helped to onboard. They are on a mission to find and support the Early Gem Blockchain Projects with the most promising future. Check out their website: http://www.earlygemcapital.com/
Partnership with Unreal Capital
The last strategic partnership is with Unreal Capital. They are an International fund focusing on investments in innovative and promising crypto projects. Sekuritance will be aiding and linking Unreal Capital with up and coming projects that we’ve helped to onboard. Unreal Capital is a trusted strategic partner with a team of industry experts breaking new ground in crypto startup development. Check out their website: https://ucapital.vc/
Sekur.Vault Product Highlight
This week we wanted to highlight our unique Omni-vault tool. Sekur.Vault is audited to the highest level of industry security standards and configured to store not just what is referred to as “Rubbish In, Rubbish Out” but to add value to the output upon retrieval. Get to know more here.
Source of Funds vs Source of Wealth
As money launderers and financial criminals use increasingly inventive and sophisticated methods to conceal the sources and uses of illegally obtained money, firms have to work harder than ever to establish the source of a customer’s funds and wealth. This means you need to implement an array of regulatory measures and controls such as Customer Due Diligence (CDD) and transaction monitoring measures to protect your business, your assets, and your customers and contribute to the fight against financial crime. Two of these measures involve investigating and finding out the Source of Funds and the Source of Wealth. It is important to note, that these things are not the same, they are two separate terms and have their meanings. Read more here.
PEP Screening and Why it’s Important
PEPs are specified as high-risk customers due to the increased opportunity for them to acquire assets through illegal means versus ordinary individuals. This includes things such as taking bribes and money laundering. For this reason, PEPs must be identified and screened in financial institutions because of their risks. Identifying PEPs and their risks are generally referred to as PEP screening. IT is an essential screening process for the best implementation of AML compliance, especially in financial institutions. Read more here.
We’re really excited to announce that starting this coming Monday the 9th of May 2022, the team will be releasing an announcement a day for seven days related to Sekuritance’s services, along with corporate news that will rock the boat. Read more about this here.
The Sekuritance RegTech platform provides a single platform for every eGRC need, including end-to-end AML/CTF, CECL, FCPA, vendor management, beneficiary onboarding, investor check, card processing MFA checks, blockchain wallet checks, cyber-risk assessments, and other RegTech or Business Process Management requirements.
Stay tuned for more info and follow us on: