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Crypto firm BCB Group implements robust AML compliance technology with Napier

August 17, 2021

BCB Group implements our solutions to step up their AML compliance

We’re delighted to announce that BCB Group, global digital services provider, has partnered with Napier to implement a robust AML compliance strategy.

BCB Group are a crypto-dedicated provider of payments, business accounts and trading services for the digital asset economy. They will be using Napier’s Transaction Screening and Transaction Monitoring tools to flag any suspicious activity as it happens, and to support their ongoing commitment to leading the way with anti-money laundering compliance in the UK crypto market.

The first crypto-focused company to be regulated as an Authorised Payments Institution by the UK Financial Conduct Authority (FCA), BCB Group provides an end-to-end suite of payment processing, cryptocurrency trading, foreign exchange and custody services. The Group works with some of the leading blockchain companies, including cryptocurrency exchanges, market makers, brokers, investment managers, hedge funds and digital asset investment funds.

Oliver von Landsberg-Sadie, Founder and CEO at BCB Group, said:  

“Since establishing BCB Group four years ago, we have always prided ourselves on our commitment to best practice and having the highest regulatory standards in the UK crypto market. Because of this, it was essential for us to adopt the very best anti-financial crime technology, and that’s where Napier comes in.

“An integral part of our onward anti-money laundering compliance strategy, Napier’s AI-enhanced solutions will allow us to focus on the fast evolution of digital asset innovation while remaining in full compliance with some of the most stringent regulations in force globally.”

Julian Dixon, CEO of Napier, said:

“Our technology reduces the growing compliance burden on firms such as BCB Group. It can spot unusual transactions, reduce false positives and identify risk easily and quickly, relieving the pressure on internal teams. This is increasingly as important for operators in emerging financial services markets, such as crypto, as it is for traditional institutions. Our solution is agile and robust enough to provide advanced compliance support across the board, even as financial crime continues to evolve in its complexity.”

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