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Cryptolicense — a Paralex project

Paralex combines legal, financial, AML/compliance and technical expertise. Cryptolicense is its dedicated practice for licensing and launching regulated businesses in Kazakhstan, the AIFC and abroad.

Team

Four disciplines on one project

Lawyers

Regulatory perimeter, choice of jurisdiction and regime, corporate structure, application package, contracts and internal rules, dialogue with the regulator.

Finance specialists

Business plan, financial model, regulatory capital and operating funding, financial section of the application, management reporting.

AML/compliance specialists

ML/TF risk assessment, AML/CFT policies, KYC/KYB, sanctions and PEP screening, transaction monitoring, internal control, training and inspection readiness.

Engineers

Technical specification, platform development or adaptation, integrations, KYC/AML tooling, technical readiness for regulatory requirements.

We support a regulated business from the first question to daily operations: analysis of the business model and regulatory perimeter, choice of jurisdiction and regime, company registration and structuring, the application and dialogue with the regulator, the business plan and financial model, capital and operating funding, internal policies and risk management, AML/CFT processes, software development and integrations, launch preparation and ongoing regulatory and operational support.

We are not intermediaries between clients and registration agents. We do the work ourselves and, where foreign law requires it, involve local counsel.

AML/compliance

What our AML/compliance specialists do

  • money laundering and terrorist financing risk assessment
  • AML/CFT policies and procedures
  • KYC/KYB, verification of customers and beneficial owners
  • sanctions screening
  • politically exposed persons (PEP) procedures
  • transaction monitoring and handling of suspicious activity
  • internal control
  • staff training
  • preparation for inspections and remediation of findings

We support the compliance officer or MLRO appointed by the company; we do not perform these regulated roles without a separate arrangement permitted by the applicable law.

Principles

How we work

  • we start from the business model, not from a list of documents
  • we check requirements against official sources and state the date as of which they are current
  • we separate confirmed facts, working assumptions and open questions
  • we do not guarantee decisions of regulators, banks or partners
  • we keep information confidential: different clients' data is never mixed
Paralex

About the company

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Paralex LLP is a legal consulting firm in Astana: contracts, legal opinions, policies and procedures, AML/KYC and compliance, corporate documents, IP and personal data, IT/AI/SaaS, digital assets, international structures.

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