Discover the power of transparency
Source of wealth reporting
At BlockFo, we offer comprehensive reports that clearly and accurately map the source of wealth related to cryptocurrencies, ensuring that you comply with all regulatory requirements.
Our reports
BlockFo offers a range of services to support you in the reporting of your cryptocurrency assets. Our expertise ensures that you comply with the typical questions of authorities, and can therefore prevent possible blockages of bank account, or exchange trading accounts.
Forensic blockchain analysis
Source of wealth reporting
Compliance advice
Possible requests for source of wealth
Banks
Requests for insight into the origin of your assets, and explanations of bank transfers from an exchange (CASP or VASP).
Public authorities
Comply with legal reporting obligations and requests for insight into the source of wealth.
Crypto currency exchanges
Need to account for the source of wealth, especially when crypto currency comes from a cold wallet.
Financial advisors
Support with due diligence processes of financial advisors with regard to AML and related risks.
Notaries
Need for detailed financial reports, for example when buying a house or starting a business.
Legal services
Need for forensic blockchain proof of cryptocurrency provenance in legal matters.
Consequences of Misreporting
Risks of Asset Reporting Errors
Failure to properly submit a report on the source of wealth related to cryptocurrency can have serious consequences. Banks can freeze your account, and crypto exchanges can suspend your account. This can lead to financial constraints and reputational damage. Make sure your reporting is accurate and complete to avoid these risks.
Contact us for professional Help
Do you need help reporting your source of wealth? BlockFo offers expert support, starting at as little as €300. Contact us today and avoid financial hardship.