Banks, conveyancers and compliance teams: testing the origin of crypto assets
In short
For banks, conveyancers and compliance teams Paucitas supplies independent substantiation of the origin of crypto assets. We work on the instructions of the client or of your institution, to the same method, and state explicitly what cannot be established. The judgement stays with you.
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You are assessing a deposit from crypto, a mortgage application with a deposit from crypto, a property purchase funded from crypto, or a client file under enhanced due diligence. The client supplies screenshots from an app; you need a chain.
A conveyancing solicitor seeing a purchase price or a gift funded from crypto faces the same question, because the Money Laundering Regulations 2017 also apply to independent legal professionals and estate agents.
The questions this group asks
- What is the difference between source of funds and the origin of assets?
- Which documents does a bank need for money from crypto?
- The bank is blocking a payment from crypto: who substantiates the origin?
- How are crypto holdings recorded on a reference date?
- How is a crypto transaction flow mapped out?
Background sits on proving the origin of crypto assets and blockchain investigation explained. The UK framework is set out in the Money Laundering Regulations 2017 and the Proceeds of Crime Act 2002, with the National Crime Agency’s guidance on suspicious activity reports.
What Paucitas delivers for you
A report with the chain from first purchase to payout, each step supported by a transaction hash or export line, an assessment of the evidential value of every link and an explicit list of what is missing.
We also flag patterns relevant to your own test, such as a mixer in the chain or a cash out point at an unknown service.
We do not give a compliance verdict, we do not file a report on your behalf and we do not advise on acceptance.
How the collaboration works
The client supplies the data, or your institution does so with the client’s consent. We deliver to whoever instructs us; if that is the client, they decide what they pass on to you.
The lead time is from the same day to around two weeks, depending on the case. If a deadline is running, we plan around it.
One thing Paucitas does differently
Every report contains a declaration of independence: Paucitas does not work for an exchange, a software supplier or any other party involved in the case, and has no interest in the outcome. That is exactly what a compliance team needs in order to use an external document.
Contact
Paucitas answers email within 24 hours, usually the same day, and messages sent through the contact form usually within 1 to 3 hours; you can call at any time, 24/7. Paucitas can be reached by phone around the clock on +31 20 244 5774. The office is at Weesperstraat 107 in Amsterdam; material can be handed over digitally or at the office.
Frequently asked questions
Banks, conveyancers and compliance teams: testing the origin of crypto assets
Does Paucitas work for the bank or for the client?
Paucitas: both occur. The method and the stated limitations are the same in either case.
Does Paucitas give a verdict on acceptance?
Paucitas: no. We supply the factual substantiation; the test and the decision stay with your institution.
What if the chain contains a gap?
Paucitas then states the gap explicitly in the report, with the reason it cannot be closed.
Is your question not listed?
Every situation is different. Feel free to call straight away, also in the evening and at weekends, or fill in the form: you will hear from us within 1 to 3 hours.
From Amsterdam, for the whole of the UK
Everything can be done fully online. Prefer to meet in person? You are very welcome at our office in Amsterdam, by appointment.
Paucitas is an independent expert firm based in the Netherlands that, for clients across the UK, investigates investment fraud and crypto fraud, establishes the origin and legitimacy of crypto assets and prepares expert reports for legal proceedings and compliance.
Your own situation
If you are reading this, you probably have a question about your own situation. That is exactly what Paucitas does.
The first step is contact by phone. You can book that call by phone or through the contact form, so you do not have to wait. In the call we look together at what can factually be established in your case and what Paucitas can examine for you.