Spring Risk Shield
Spring’s risk platform maintains member safety through comprehensive screening mechanisms. The platform includes:- Identity verification: We verify investor identities, screen for fraudulent IDs, and spot potential risks.
- Sanctions and watchlist checks: Screening against serious offense involvement like terrorism
- Adverse media screening: Checks for connections to financial crimes, corruption, or scams
- Onchain wallet screening (KYT): Screens against sanctions lists for risky crypto interactions
- Politically Exposed Person (PEP) assessment: Flags PEP-related risks
- Compliance support: Additional assistance for unique risk requirements
How the Risk Shield Provides Protection
- Avoids unintentional sanctions violations
- Prevents inadvertent terrorism financing
- Identifies investors linked to unethical or illegal activities
- Manages PEP-related risks
ID Collection and Verification
Spring collects and verifies the identification of your investors prior to investment. Only investors who are KYC-approved can invest. Requirements:- Valid ID sign-in verification and approval
- Live selfie confirmation matching ID photo
Sanctions and Watchlist Screening
Automated screening checks UN, EU, US, UK sanctions lists plus other jurisdictional watchlists. Wallet addresses undergo OFAC crypto sanctions verification.Adverse Media Screening
Automated checks scan online media for negative references covering:- Cybercrime, money laundering, terrorist financing
- Violent/non-violent crimes, financial crime
- Fraud, scams, narcotics, regulatory breaches
PEP Screening
Automated checks identify politically exposed persons using FATF definition and global sources.On-Chain Wallet and Transaction Screening
Spring conducts on-chain screenings of wallets and transactions of investors that have been identified as high-risk.Compliance Support
Customers receive monthly sessions with Spring’s Head of Compliance discussing investor risk profiles and platform optimization.Spring does not offer legal or advisory services.