Our solutions for the Cryptocurrency Industry

Real-Time Screening & Automated Monitoring to Reduce Risk

Crypto assets, wallets and exchanges are now considered “obliged entities” under 5AMLD, and face the same CFT/AML regulations applied to financial institutions under 4AMLD. Practically, this involves an obligation to perform customer due diligence (CDD), and submit suspicious activity reports (SAR).

The anonymity and high risks models within this industry has led to enhanced supervision by auditors and banking partners. Crypto companies are now held accountable to have robust AML processes in place and to verify the identity of any sender and beneficiary, to ensure no illegal activity, such as money laundering and terrorist financing, slips through the net.

Our solutions ensure that crypto companies comply with regulatory expectations across various jurisdictions, safeguard their reputation with the public and banking partners, and quickly identify risks before they become threats.

Screening & Monitoring

Fast and Safe Customer Onboarding

  • Screen in real time against the only global dynamic database of Sanctions and Watchlists, Politically Exposed Persons and Adverse Media.
  • Ensure that the customers you’re onboarding do not pose risks to your business and are not known fraudsters.
  • Reduce the time it takes to onboard by leveraging a customizable matching technology according to your risk appetite.

Monitor changes in risk status quickly and safeguard reputation

  • Receive proactive automated alerts when changes in status are made, all tailored to your risk-based approach.
  • Integrate AML checks seamlessly into your onboarding and monitoring workflow via a highly functional and scalable RESTful API.
  • Give regulators and banking partners confidence in your compliance process with a clear audit trail of monitoring and financial crime investigations.

Transaction Monitoring

Data-agnostic rules engine to spot suspicious behaviour in real-time

  • Real-time tracking of fund movements will allow wallets and exchanges to spot suspicious behaviour patterns when crypto-assets are transacted into fiat.
  • Our API allows easy segmentation of rules by type of currency, location and transaction volume, all tailored to your risk-based approach.
  • Our solution is data-agnostic and can incorporate crypto data such as wallet addresses.

Case Study

Paxos Improves Efficiency by 80%

  • Reduction in manual processes and complete automation of onboarding workflow
  • Structured profiles, FATF aligned categorization, and entity-based alerts
  • Reduction in time spent reviewing transactions and remediating alerts.

Identify risks before they become threats.
Speak to an AML expert.