Tangem Pay Scales Globally with On-Chain Risk Management

Tangem Pay, a service enabling crypto-to-fiat payments, faces a complex challenge as it scales globally. Since it operates through third-party Visa card issuers, each transaction must comply with the anti-money laundering (AML) and sanctions rules of multiple jurisdictions. This regulatory maze is further complicated by the fact that the crypto space itself lacks standardized compliance frameworks.

To navigate this landscape, Tangem Pay relies on on-chain risk intelligence. This allows the company and its partners to identify and manage illicit risks in the crypto transactions backing every payment. The solution also includes a robust AML and sanctions program, ensuring compliance as Tangem Pay expands into new markets. Data-driven risk insights help speed up decisions without disrupting payment flows.

Clarissa Freitas, the money laundering reporting officer (MLRO) at Tangem Pay, highlights the importance of trustworthy data. She notes that the compliance team’s familiarity with Elliptic’s tools ensures they make informed decisions. According to Freitas, the ability to rely on data-driven insights allows for better and faster risk assessments, building a more proactive compliance program.