Identity verification platform Sumsub has secured an administrative services provider (ASP) license from CySEC, a key European regulator.
This additional qualification will help Sumsub consult over 1000 businesses with meeting their AML requirements. Sumsub’s KYC/AML solution received CySEC’s Administrative Services Provider (ASP) license certificate. With this new license, Sumsub will help more companies achieve compliance standards through a variety of technical solutions including anti-fraud, KYC, and enhanced due diligence.
With the ASP license, Sumsub aims 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, according to the official press release.
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