for crypto projects
Compliance - this is a set of measures that protect the project from high-risk activity with its involvement
Key concepts
of cryptocurrencies
of cryptocurrencies
AML and KYC are two processes used by financial institutions to protect against fraud and money laundering.
AML, or "Anti-Money Laundry" focuses on identifying, preventing, and reporting suspicious financial transactions.
KYC, or "Know Your Customer," is one of the basic principles of cryptocurrencies for verifying an individual's identity. It involves collecting and storing personal information to identify an individual.
KYB, or "Know Your Business," follows the same principles as KYC. It is essentially a due diligence process performed mandatorily by various financial institutions to verify and analyze a business. The KYB process focuses on verifying and identifying the company's founders and collecting identifying information to verify the legal status of businesses using cryptocurrencies.
KYT, or "Know Your Transaction", is a transaction check for dirty assets that shows whether the funds are legitimate or have any connection to financial crime. They are also called AML checks. This solution relies on machine learning and artificial intelligence to provide holistic information.
The KYT solution helps in monitoring and preventing fraudulent transactions. It helps protect you from additional law enforcement inquiries and freezing or loss of operating assets.
AML, or "Anti-Money Laundry" focuses on identifying, preventing, and reporting suspicious financial transactions.
KYC, or "Know Your Customer," is one of the basic principles of cryptocurrencies for verifying an individual's identity. It involves collecting and storing personal information to identify an individual.
KYB, or "Know Your Business," follows the same principles as KYC. It is essentially a due diligence process performed mandatorily by various financial institutions to verify and analyze a business. The KYB process focuses on verifying and identifying the company's founders and collecting identifying information to verify the legal status of businesses using cryptocurrencies.
KYT, or "Know Your Transaction", is a transaction check for dirty assets that shows whether the funds are legitimate or have any connection to financial crime. They are also called AML checks. This solution relies on machine learning and artificial intelligence to provide holistic information.
The KYT solution helps in monitoring and preventing fraudulent transactions. It helps protect you from additional law enforcement inquiries and freezing or loss of operating assets.
Is your team ready
to provide the proper level of security?
Your compliance team must be able to quickly identify and report any suspicious activity involving the use of cryptocurrency for money laundering, sanctions evasion and other illegal incidents. They need to do this at a much higher rate than regulators.
Our experience and tools allow us to comply with Compliance procedures and protect you from asset loss and other financial and reputational risks.
Our experience and tools allow us to comply with Compliance procedures and protect you from asset loss and other financial and reputational risks.
Step-by-step
integration
integration
Solutions and costs are calculated individually, after an audit of the company
KYT
Transaction/address verification
Retrospective
analysis
analysis
AML officer
KYC
KYC
Automatic AML checks
Automatic pre-check system for all incoming assets is performed through API integration.
Manual AML checks
- KYT - transactions risk-scoring with AML checks
- KYC - customer onboarding
- Data storage system implementation for transactions and counterparties
- Retrospective analysis - Performing verification of previously dealt assets
- Activity monitoring by an individual AML officer
Manual checks are carried out by an individual AML officer.
A specialist who safeguard the company against any potential blockages and losses.
A specialist who safeguard the company against any potential blockages and losses.
The consequences
of Non-Compliance
of Non-Compliance
Blocked funds on the exchanges
Requests from regulators
Prohibition on attracting investments
Involvement of the project and its administration
in the criminal activities of its clients
International sanctions
Revocation of licenses or business permits
Business closure
Deprivation of liberty
Requests from regulators
Prohibition on attracting investments
Involvement of the project and its administration
in the criminal activities of its clients
International sanctions
Revocation of licenses or business permits
Business closure
Deprivation of liberty
