Sumsub Secures ASP License from CySEC
Fazzaco learned that Sumsub, an identity verification platform, has secured an Administrative Services Provider (ASP) License from Cyprus financial regulator CySEC.
According to the company, this license will help more companies achieve higher compliance standards through a variety of technical solutions including anti-fraud, KYC, and enhanced due diligence—all backed up by professional legal advice.
The ASP license will allow Sumsub to expand its range of services to include a full internal audit service, comprehensive compliance support services, special investigations, preparation and documentation of internal procedures, customer due diligence outsourcing, monthly and/or quarterly compliance reports, and compliance support for KYC and Anti-Money Laundering (AML) procedures.
Founder of Sumsub, Jacob Sever, said: "CySEC is known as one of the most stringent AML regulators across Europe. Being recognized as an ASP will further our mission to set the highest possible standard of compliance for our clientele, irrespective of their jurisdiction."
Fazzaco recently reported that B2Broker has partnered with Sumsub to provide 450 businesses across 40+ countries with secure and easily-customizable KYC and video verification solutions. Additionally, Sumsub has integrated with Scalable Solutions for KYC and AML Services.
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