Banks, notaries and compliance teams: testing the origin of crypto assets
On this page
- Who exactly
- The questions this group asks
- What Paucitas delivers for you
- How the collaboration works
- One thing Paucitas does differently
- Contact
In brief
You have to establish whether money coming from crypto can be explained. Paucitas supplies substantiation that feeds your own test: a chain from first deposit to payout, with a source per step and the gaps named.
Who exactly
You are assessing a deposit from crypto, a mortgage application with own capital from crypto, a deed into which crypto assets are contributed, or a client file under enhanced due diligence. The client supplies screenshots from an app; you need a chain.
A civil-law notary seeing a purchase price or a gift funded from crypto faces the same question.
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 European frameworks are at EBA, ESMA and the ECB.
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 consent. We deliver to whoever instructs us; if that is the client, they decide what they pass on to you.
The standard lead time is three working days, about two weeks for large files. 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 usually replies within a few minutes to an hour, and in nearly all cases the same working day. 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
Does Paucitas work for the bank or for the client?
Both occur. The method and the stated limitations are the same in either case.
Does Paucitas give a verdict on acceptance?
No. We supply the factual substantiation; the test and the decision stay with your institution.
What if the chain contains a gap?
Then the gap is stated explicitly in the report, with the reason it cannot be closed.