Structured KYC to support rapid growth
Learn how Canaria created a complete KYC framework for a custodial wallet provider scaling its B2B and investor onboarding.
Problem:
A regulated custodial crypto wallet provider was preparing to scale its B2B and accredited investor onboarding. However, the company lacked a structured KYC process that could withstand regulatory scrutiny and support ongoing risk monitoring. Without standardized documentation and clear risk ratings, customer reviews were inconsistent and time-consuming, putting both compliance and operational efficiency at risk.
Solution:
Canaria designed and implemented a tailored KYC framework to meet the company's evolving needs and regulatory obligations. Our work included:
- •Creating standardized KYC forms and review templates
- •Designing a customizable Customer Risk Rating (CRR) template
- •Drafting and implementing comprehensive KYC procedures
- •Completing KYC profiles and CRRs for each client
- •Conducting ongoing due diligence reviews
- •Providing structured KYC reporting for internal and regulatory use
The new KYC framework brought structure, consistency, and defensibility to the client's onboarding and review process.
Results:
The new KYC framework brought structure, consistency, and defensibility to the client's onboarding and review process. Risk ratings were now applied uniformly across clients, and compliance decisions could be easily traced and reported. With ongoing reviews streamlined and supported by smart tooling, the compliance team was able to handle growth without sacrificing rigor or speed.
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