Legal & Risk Assessment

Compliance with KYC & AML

• Implement Know Your Customer (KYC) processes 
• Enforce Anti-Money Laundering (AML) policies per jurisdiction

Data Protection & Privacy 

• Adhere to GDPR, CCPA, or other local data privacy laws 
• Secure customer data with robust policies 

Consumer Protection & Disclosure 

• Provide clear Terms & Conditions and Privacy Policies
• Ensure transparency in fees, risks, and data usage 

Regulatory Risk
Risk of non-compliance with financial regulations such as licensing, KYC/AML, and data privacy laws which can lead to fines or shutdown.

Operational Risk
Risks from system failures, process errors, or human mistakes impacting day-to-day activities.

Cybersecurity Risk
Threats of data breaches, hacking, or cyber fraud that can compromise sensitive customer information.

Financial Risk
Risks related to cash flow, fraud, credit, or market volatility affecting financial stability.

Reputational Risk
Negative publicity or customer dissatisfaction that can erode trust and business growth.
 

Mitigation Strategies:

• Implement strong compliance frameworks
• Use robust security measures and regular audits
• Establish clear policies and employee training
• Maintain transparent communication with customers and regulators