StarCompliance Launches Crypto Asset Pre-Clearance Solution to Help Firms Navigate Compliance

StarCompliance, a leading provider of employee compliance technology solutions, has launched its new Crypto Asset Pre-Clearance software solution to help firms prevent conflicts associated with employee crypto-trading activities. The software allows firms to set up rules and restrictions as easily as they do with equities and focuses on pre-clearance, transaction reporting, and the ability to view employee holdings. The solution integrates with Star’s Personal Account Dealing product, offering a consistent user experience for clients across multiple asset classes.

Jennifer Sun, CEO at Star, explained that the company wanted to prepare its clients with a solution that would enable them to set up guardrails to protect their business while providing an easy, frictionless experience for their crypto-trading employees. Star’s product simplifies the process and improves visibility into employee cyber trading activities. It has the technical agility to adapt with the changing regulatory landscape.

According to Star’s recent Crypto & Compliance Market Survey, which examined how firms in the financial marketplace are approaching employee crypto-trading compliance, 37% of respondents said they already have an employee crypto-trading policy in place. As global regulators and authorities continue to crackdown on the crypto landscape, this new, highly adaptable software solution will enable compliance professionals to effortlessly monitor requests and approvals for employee crypto asset trading activities, as well as automate any additional crypto-monitoring policies set by the company and regulatory bodies.

To learn more about the solution, interested parties can register for Star’s webinar Crypto Regulations: Getting Ahead of the Crypto Curve for Employee Compliance on Thursday, June 15, 2023, at 11AM ET.

TL;DR:

StarCompliance has launched its new Crypto Asset Pre-Clearance software solution, which enables greater transparency and visibility into employee crypto-trading activities as a first step in mitigating regulatory compliance conflicts. The software allows firms to set up rules and restrictions as easily as they do with equities and focuses on pre-clearance, transaction reporting, and the ability to view employee holdings. The solution integrates with Star’s Personal Account Dealing product, offering a consistent user experience for clients across multiple asset classes.