Trulioo — Case Study
How Trulioo Helps ICOs Remain Compliant With
Identity Verification
Trulioo is providing identity verification services to a
growing number of ICOs, helping to ensure they are
fully compliant with the various securities rules and
regulatory requirements. Doing this helps to reduce
the risks associated with the non-compliance of Anti-
Money Laundering (AML) and Know Your Customer
(KYC) laws.
One such example is one of the first ICOs to launch
in Canada. Offering a unique investment opportunity,
the company’s coin works alongside the traditional
economy, but keeps public benefit top of mind.
Working closely with this ICO to ensure it met
necessary province-specific securities laws, Trulioo
was able to help it become one of the first to be
completely compliant with all Canadian regulations.
Getting there wasn’t easy. This ICO had to meet a wide
range of regulations outlined by its local regulator. It
was effectively operating in unchartered territory,
which added an additional layer of complexity to the
nature of its identity verification requirements. It could
not afford to get it wrong — it was truly a make or
break situation.
To ensure its coin met all the necessary regulations, it
needed to work with an identity verification provider
with the ability to provide secure access to reliable,
independent, trusted data sources.
As an agile fintech company, it was imperative
that the ICO partnered with a trusted identity
verification provider that had extensive experience
helping businesses meet international compliance
requirements across borders quickly, reliably and
efficiently. After carefully evaluating various solutions,
the company chose Trulioo for its speed, coverage,
cost, scalability and easy integration.
The
Solution
60
With Trulioo, one ICO was able to
quickly integrate and access data from
over 60 countries, verifying more than
2,500 investors in real-time.