5 Red Flags When Choosing a Compliance Partner in Web3
Not all compliance providers are created equal. Here’s what to watch out for.
J Ng
1/1/20251 min read
In crypto, your compliance partner can make or break your business. Choose the wrong one, and you may never get banked, licensed, or launched. Here are five warning signs to watch out for:
Overly Vague Promises
Beware of advisors who say "don’t worry about that part" or "we’ve done this a hundred times" without showing documentation. Compliance should be clear, explainable, and documented.
No Real Implementation Track Record
Strategy is important, but execution is critical. Ask for proof of delivery. Follow up the progress not just the end result
Cookie-Cutter Templates
Every crypto business is unique. Using offshore templates or generic AML/CTF policies is a fast track to rejection. You need a framework tailored to your business, jurisdiction, and risk model.
No Post-Approval Support
Compliance isn’t a one-time thing. If your partner disappears after your registration is approved, you’re on your own when reporting or audits start.
They Don’t Speak Regulator Language
If they can’t explain how their approach aligns with AUSTRAC expectations or ASIC guidelines, they’re not the right fit.
ChainEd is built for ongoing support, real-time implementation, and regulator-facing clarity.
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