Blockchain Analysis
Virtual assets and other blockchain-related technologies have exploded over the past few years. The “crypto” asset class has expanded. Regulatory, legal, and risk-management constructs have not kept pace and remain in flux. Businesses, regulators, and investors are facing the growing pains of this new asset class and its related technologies in an uncertain, volatile environment. Gemean has assisted clients with the risks, challenges, regulatory compliance related issues, and opportunities associated with cryptocurrency and blockchain technologies. Our collective experience of investigators, experts in computer science, and litigation support have assisted various Virtual Asset Service Providers in the industry.
Travel Rule Compliance
The Travel Rule requires Virtual Asset Service Providers to collect, retain, and transmit identifying information about the originators and beneficiaries of cryptocurrency transactions above a specified threshold. Gemean assists Virtual Asset Service Providers in understanding their Travel Rule obligations, implementing compliant processes, and demonstrating compliance to regulators.
Anti-Money Laundering
Cryptocurrency's pseudonymous nature makes it an attractive vehicle for money laundering, and regulators are increasingly focused on ensuring that Virtual Asset Service Providers maintain AML programs that are fit for purpose. Gemean's professionals assist clients in designing, implementing, and auditing AML programs that meet regulatory expectations and stand up to scrutiny.
Financial Investigations
Gemean's forensic data mining services and blockchain analysis capabilities allow us to trace the movement of funds across the full spectrum of virtual assets, identify the parties involved, and produce findings that are admissible and explainable in legal proceedings. Our financial forensic investigation team has experience in matters involving fraud, sanctions evasion, and illicit finance conducted through cryptocurrency.
Multi-System Data Integration
Enterprise environments rarely consist of a single system. Gemean's forensic data mining services team integrates data from multiple platforms, formats, and storage environments into a coherent analytical framework, enabling meaningful analysis across systems that were not designed to work together.
Compliance Monitoring
Maintaining ongoing compliance in the cryptocurrency space requires continuous monitoring of transactions, counterparties, and regulatory developments. Gemean assists Virtual Asset Service Providers and other cryptocurrency businesses in implementing the monitoring frameworks and governance structures needed to stay compliant as the regulatory environment continues to evolve.
TESTIMONIAL
Gemean understood the legal context as well as the forensic one. They knew what the regulators would focus on, what outside counsel needed, and how to structure the findings to serve both. That combination is not easy to find.
Why Clients Choose Us
Deep Blockchain Expertise
Regulatory Compliance Coverage
Financial Investigation Capability
Virtual Asset Service Provider Experience
Cryptocurrency complexity demands professionals
who have navigated it before
What is blockchain analysis and when is it needed?
Blockchain analysis is the process of examining blockchain transaction data to trace the movement of funds, identify the parties involved, and assess regulatory compliance. It is needed in financial forensic investigation matters, regulatory compliance reviews, litigation support, AML program audits, and any matter where cryptocurrency transactions are relevant. Gemean’s blockchain consulting and analysis practice covers the full range of these needs, drawing on forensic accounting investigations expertise and purpose-built blockchain advisory services capabilities.
What is the Travel Rule and how does it apply to cryptocurrency?
The Travel Rule requires Virtual Asset Service Providers to collect, retain, and transmit identifying information about the originators and beneficiaries of cryptocurrency transactions above a specified threshold. Gemean’s blockchain consultancy team assists Virtual Asset Service Providers in understanding and implementing Travel Rule compliance programs that meet applicable regulatory expectations, integrating Travel Rule compliance into broader governance risk and compliance consulting and GRC advisory services engagements where applicable.
How does Gemean trace cryptocurrency transactions?
Gemean uses purpose-built blockchain consulting tools and forensic data mining services to trace fund movements across more than 800 virtual currencies. Gemean’s financial forensic investigation team maps transaction flows, identifies wallet ownership, and links blockchain activity to real-world individuals and entities using on-chain data, open-source intelligence, and forensic accounting and investigation methodology. Findings are documented in a format suitable for legal proceedings and regulatory review, consistent with Gemean’s asset tracing investigations evidentiary standards.
What AML obligations apply to cryptocurrency businesses?
AML obligations for cryptocurrency businesses generally require Virtual Asset Service Providers to implement know-your-customer procedures, monitor transactions for suspicious activity, file suspicious activity reports, and maintain records of transactions and customer information. Gemean’s blockchain advisory services and GRC consulting and assessments team assists clients in designing and auditing AML programs that meet the specific requirements of the jurisdictions in which they operate.
How does Gemean support clients facing cryptocurrency-related regulatory inquiries?
When a regulator initiates an inquiry involving cryptocurrency transactions or compliance programs, Gemean provides the forensic analysis, documentation support, and blockchain consulting expertise needed to respond effectively. Gemean’s forensic accounting consultants and blockchain consultancy professionals understand how regulators approach cryptocurrency matters and are experienced in producing the structured, evidence-based analysis that governance risk and compliance advisory responses require.
What is a Virtual Asset Service Provider and what compliance challenges do they face?
A Virtual Asset Service Provider is any business that facilitates the exchange, transfer, or custody of virtual assets on behalf of customers. VASPs face a growing range of compliance obligations including AML and KYC requirements, Travel Rule compliance, transaction monitoring, and capital and operational requirements. Gemean’s blockchain consulting and GRC advisory services teams work with VASPs to navigate these obligations, implement compliant processes, and respond to regulatory scrutiny through integrated governance risk consulting and blockchain business consulting support.
How does Gemean stay current with the rapidly evolving cryptocurrency regulatory environment?
Gemean’s blockchain consulting firms expertise includes active monitoring of regulatory developments across the jurisdictions relevant to each client’s operations. The cryptocurrency regulatory landscape is changing rapidly, and staying current is a core part of the blockchain advisory services and GRC consultation Gemean provides. Gemean advises clients on the implications of new requirements as they emerge and helps them adapt their compliance programs accordingly through ongoing governance risk and compliance consulting support.