VASP crypto risk check
The VASP crypto risk check is used to give an on-chain risk score utilizing Elliptic Discovery. It allows you to analyze a virtual asset service provider's (VASP) on-chain risk exposure alongside other Moody’s off-chain risk indicators within a unified platform. This solution is accessible to all customers as an add-on through Passfort and requires an Elliptic license key.
Information used to run this check
The following company profile information is required to run this check successfully:
Company name
Company number
Website
Country of incorporation
Optionally, filling in the Incorporation date field can also improve the match.
Overall result of the check
Elliptic Discovery generates results depending on the number of fields that can be matched and the confidence tier of each field. The result is then compared to the risk score threshold configured in your smart policy. This returns a pass, partial, fail , or error result. In the event of a partial match occurring, the end result can only ever be partial or fail, it can't return a pass result. A partial match means that Elliptic Discovery wasn't able to match all the fields, and the result might be improved by revisiting all the company profile fields listed as required or optional.
Elliptic returns a risk score for the VASP. The check returns either pass or fail according to the risk score threshold set in your smart policy. The check passes if the risk score is below the threshold and fails if above. The minimum risk score threshold is 0 and the maximum risk score threshold is 10. It’s important to note that Elliptic or Moody's can't advise on the configuration of your risk score threshold, which should be configured according to your own internal risk policy.
In the event of a pass or partial result, VASP crypto risk provides a link to the relevant VASP profile within the check. You must be logged into Elliptic Discovery for this link to work.