Investigations / Compliance Consulting


J.S. Held’s Inaugural Global Risk Report Examines Potential Business Risks & Opportunities in 2024

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Our team delivers expert advisory and investigative services to help generate and protect value related to blockchain technology and digital assets, and to ensure integrity and fairness of cryptocurrency markets.

We provide support to clients in crypto-related litigation, disputes, regulatory investigations, and enforcement actions and offer expertise in forensic accounting, financial investigations, cyber incident response, business intelligence on virtual asset service providers (VASPs), and inquiries involving anti-money laundering and other regulatory issues in cryptocurrencies.

We specialize in the economic analysis of blockchains and their tokens, valuation of digital assets, and assistance to virtual asset service providers (VASPs) and other clients with issues of compliance, blockchain investigations, and asset tracing. We also provide guidance to centralized cryptocurrency exchanges and Decentralized Finance (DeFi) platforms, conduct analyses related to issues of trading manipulation and market integrity, and are engaged in digital asset risk advisory services.

Our Services
  • Anti-Money Laundering (AML) Program Development
  • Asset Tokenization & Stablecoin Payment Mechanism Advisory
  • Bitcoin ATM Compliance
  • Blockchain & Digital Asset Analysis & Consulting –
    Economics, Consensus Protocols, Codebase Readiness
  • Blockchain & Crypto Investigations
  • Compliance Planning & Advisory
  • Compliance Programs – Risk Assessment, Gap Assessment, Remediation, Monitorships, Training
  • Cross-Chain Digital Asset Search, Tracing & Recovery
  • Crypto Asset Valuation & Damages Analyses
  • Cryptocurrency Security Standard Advisory
  • DeFi Investment Products & Strategy Advisory
  • Digital Asset Compliance Framework Development
  • Digital Assets & Blockchain Tech Investigations
  • DOJ, SEC & Other Law Enforcement Inquiry Response
  • Enhanced Due Diligence (EDD)
  • Expert Witness Testimony & Litigation Support
  • FinCEN Travel Rule Compliance
  • Fraud Investigations
  • Integration of TradFi, CeFi & DeFi Products & Services
  • Know Your Customer (KYC) Reporting
  • Managed / Outsourced Services
  • Market Manipulation Investigations
  • Market Surveys & Economic Analysis Reports – NFTs & Web3 Services
  • Money Services Business (MSB) Registration
  • Money Transmission License (MTL) Advisory
  • Monitoring Program Protocol Assessments
  • Operational Risk Assessment
  • Regulatory Licensing – Money Services Businesses (MSBs)
  • Regulatory Risk Assessment
  • Transaction Monitoring & Reporting
  • VASP Due Diligence
Our Clients
  • Alternative Investment Managers & Hedge Funds
  • Blockchain Companies & Start-ups
  • Blockchain Foundations
  • Cryptocurrency Exchanges
  • Digital Asset Custodians
  • Federal & State Government Agencies
  • Financial Institutions
  • Hosted Wallet Providers
  • Law Firms with Cryptocurrency Practices
  • Non-Financial Corporations Interested in NFTs & Tokenization
  • Payment Protocols
  • Receivers & Bankruptcy Trustees
  • Stablecoin Issuers
  • Traditional Broker-Dealers & Commercial Banks
Our Team is Engaged in Matters Involving
  • AML Policy & Procedure Development
  • Assessment of Cryptoasset Liquidity and Market Risk Factors
  • Asset Tokenization
  • Asset Tracing & Recovery
  • Blockchain Codebase & Smart Contract Review & Advisory
  • Cryptocurrency Theft
  • Digital Asset Custody, Security & Cryptography
  • Digital Asset Bankruptcy Receivership
  • Intellectual Property Disputes in the Blockchain Industry
  • Market Manipulation & Fraudulent Trading Practices in Crypto Assets
  • NFT Marketplaces & NFT Issuance
  • Securities Act of 1933 Section 5 Claims Against Token Issuers and & Cryptocurrency Exchanges
  • Token Valuation
  • Violation of Registration Requirements
Cryptocurrency Investigations & Litigation Support

Our experts help manage risks associated with litigation and disputes involving cryptocurrency and digital assets. We help trace the origin and provenance of wealth for cryptocurrency assets; examine fraudulent activity and misuse of cryptocurrency; investigate claims of cryptocurrency theft and misallocation; and provide support to clients facing DOJ, SEC, and other regulatory inquiries. We have been engaged in investigations involving market manipulation, digital asset tracing, cryptocurrency exchange fraud, and internal theft of crypto assets, among others. We also provide litigation expert and testimony services pertaining to crypto-related class actions and assessment of damages, as well as general business-related digital asset valuation services.

Digital Asset Advisory

We advise Virtual Asset Service Providers (VASPs) on risk and market integrity, and place special emphasis on developing and maintaining direct business relationships with the digital asset and blockchain industry. Our experts have a broad and diversified client base; deep and well-informed insights into regulatory, compliance, and market integrity trends; and extensive knowledge of both technological and business developments in the rapidly evolving digital asset industry.

Strategic Advisory

Our experts offer guidance on tokenization, stablecoin payments, NFTs, and Web3 services. We advise clients on DeFi Investment Products and Strategies, as well as integration of Traditional Finance (TradFi) and Centralized Finance (CeFi) products and services. We assess various operational and risk issues facing cryptocurrency platforms and assist clients in developing new components of digital asset compliance frameworks.

Managed / Outsourced Services

We help clients solve routine and complex challenges with respect to staffing needs and scaling to meet transactional volume. We work with clients and their internal compliance teams to monitor for red flags, including sanctions and watch lists, and provide “Know Your Customer” (KYC) reporting, Enhanced Due Diligence, and transaction monitoring services.

Our experts can also step into the role of Chief Compliance Officer to ensure operational efficiency, if needed.

Due Diligence Services

Our experts conduct due diligence involving VASPs, centralized exchanges, NFT marketplaces, custodian and wallet providers, DeFi protocols, payment processors, cryptomining companies, and blockchain infrastructure firms. We help clients implement KYC procedures to prevent and mitigate fraud, money laundering, bribery, and corruption.

Digital Assets & Blockchain Tech Investigations

For investigations involving cryptocurrency or blockchain technology, our team has extensive depth performing forensic analysis of computer hard drives, cloud repositories, database systems, and mobile devices for indications of forensic artifacts such as cryptocurrency “wallets,” respective addresses and seed phrases, transaction hashes, and related mining or cryptocurrency software. Analysis often includes recovery of emails, chat messaging communications, and stored web pages for indications/references to cryptocurrency holdings and transactions or transfers to off-chain repositories in addition to on-chain digital asset tracing analysis and deep/dark web analytics to gain insights into key data points. Depending on the need, our analysis may also involve Smart Contract code analysis (such as Solidity codebase); solutions include custom development of API queries tailored to specific blockchains, their data structures, and available network-specific endpoints.

Asset Search, Tracing & Recovery

Our experts specialize in asset search, tracing, and recovery services, particularly in the context of digital assets and cryptocurrencies. Whether identifying and tracking the movement of funds or locating hidden assets, we employ advanced investigative techniques and cutting-edge technology to uncover crucial information. We work diligently to trace the flow of assets across blockchain networks, identify ownership patterns including identification of potential obfuscation attempts via the use of “mixers” or “tumblers,” and follow the digital footprints to recover lost or stolen funds. With a proven track record in asset recovery, we assist clients in navigating complex legal and regulatory landscapes to reclaim their assets effectively.

Blockchain & Digital Asset Analysis

We offer comprehensive analysis services to provide clients deep insights into blockchain networks and digital asset ecosystems. Our experts utilize sophisticated tools and methodologies to conduct forensic analysis, transaction monitoring, and network visualization. By examining blockchain data, we uncover patterns, trends, and anomalies to gain a comprehensive understanding of the digital asset landscape. Whether investigating suspicious activities, identifying illicit transactions, or analyzing market trends, our analysis services provide clients with valuable intelligence to make informed decisions and mitigate risk.

Crypto Asset Valuation

Our team specializes in crypto asset valuation services, providing clients with accurate and reliable value assessments of their digital assets. Leveraging extensive market knowledge, data analysis, and valuation models, we offer comprehensive evaluations for various cryptocurrencies, tokens, and digital assets. We consider market liquidity, supply and demand dynamics, tokenomics, and underlying technology to provide clients with robust and insightful valuation reports.

Related Insights

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