Amboss on Nostr: This is a step in the right direction for the companies that need to take precautions ...
This is a step in the right direction for the companies that need to take precautions against terrorist financing, but this isn't the complete solution.
Most regulated businesses have had to create their own versions of this one by one. As many of them have realized, this isn't something that they've wanted to spend time building or maintaining.
When it comes to a lawyer diving into the individual product decisions that were made, larger enterprises have chosen to outsource the maintenance to dedicated providers to reduce their liability when they can elect to use a professional, dedicated provider.
This is what we've created as the first feature of Reflex. We've operationalized the maintenance of relevant OFAC and Ransomware alerts as well as helped business prepare documentation that supports the consistent application of their business policies.
If building your own OFAC tool for lightning is a good use of your time, use this!
Otherwise, try out Reflex at rpo.dev
https://rpo.dev
Most regulated businesses have had to create their own versions of this one by one. As many of them have realized, this isn't something that they've wanted to spend time building or maintaining.
When it comes to a lawyer diving into the individual product decisions that were made, larger enterprises have chosen to outsource the maintenance to dedicated providers to reduce their liability when they can elect to use a professional, dedicated provider.
This is what we've created as the first feature of Reflex. We've operationalized the maintenance of relevant OFAC and Ransomware alerts as well as helped business prepare documentation that supports the consistent application of their business policies.
If building your own OFAC tool for lightning is a good use of your time, use this!
Otherwise, try out Reflex at rpo.dev
https://rpo.dev