FATF Guidelines

Utilize Crystal analytics platform to strengthen your AML and CFT procedures as per the FATF Red Flag Indicators Report
What is the risk-based approach to virtual assets recommended by the FATF?
Scope of guidance
The risk-based approach to counteracting money-laundering and terrorism-financing applies to all direct and indirect virtual asset service providers
National coordination
The international success of this approach will have a lot to do with the regulatory procedures put in place at a local and regional level
Testing
Mitigating ML/ FT risk
The guidance set out by the FATF recommends first understanding and then mitigating risk by means of transparency and regulatory co-operation
Ongoing monitoring
As theft and fraud in the blockchain industry increases, consistent monitoring and risk-assessing is required to combat illicit activity
How Crystal enables Red Flag Indicator ML and FT monitoring for VASPs
Technological features that increase anonymity
These features are given a high-risk score on the Crystal platform due to lack of transparency
Geographical risks
With Crystal's monitoring system, as well as it's fund flows map, VASPs can assess the risk of funds received/ sent to certain geographies
Transaction patterns
Crystals analytics platform, along with heuristic analysis by the team, allows for effective assessment of suspicious transaction patterns
Transaction size
The notifications system on the Crystal platform can be customized to raise alerts on unusual transaction sizes by particular addresses
Sender or recipient profiles of funds or wealth
The combination of algorithmic risk-scoring as well as heuristic assessment of entities allows for a better understanding of sender/ recipient profiles and their sources of wealth
Use Cases
by the Crystal analytics team

Crystal Investigations for Tracking Ransomware Payments

Crystal efficiently tracked payments from the victims...

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June 2, 2020
by the Crystal analytics team

Crystal Investigations for Understanding Ponzi Schemes

It is often difficult for users to...

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June 2, 2020
by the Crystal analytics team

DeFi Hacks Case Study: Harvest Finance Protocol

An analysis of recent trends in DeFi...

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April 14, 2021
Is your business following the latest FATF guidelines?
by the Crystal marketing team

2021 Crypto Regulations in Japan & South Korea

The two countries are viewed as attractive...

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October 22, 2021
by the Crystal marketing team

2021 Crypto Regulations in Central Asia

 Central Asia is heading in the right...

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October 22, 2021
by the Crystal marketing team

2021 Crypto Regulations in Australia & New Zealand

The two countries have adopted crypto with...

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October 20, 2021
by the Crystal marketing team

2021 Crypto Regulations in South Asia

 South Asia is yet to decide on...

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October 19, 2021
by the Crystal marketing team

Crystal partners with Notabene to provide a best-in-class Travel Rule solution

 As the FATF compliance “travel rule” for...

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October 18, 2021
by the Crystal analytics team

Managing risk in DeFi – the decentralized way

 How can transparency and regulatory compliance be...

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October 15, 2021
by the Crystal marketing team

2021 Crypto Regulations in Latin America

Limited regulatory progress was made across Latam,...

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October 13, 2021
by the Crystal investigations team

How to spot a crypto scam – and what to do next

 With the proliferation and increasing sophistication of...

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October 13, 2021
by the Crystal marketing team

2021 Crypto Regulations in the Caribbean

 The region is moving towards large scale...

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October 11, 2021
by the Crystal marketing team

2021 Crypto Regulations in South-East Asia

While some South-East Asian countries have banned...

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October 7, 2021

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Crystal Blockchain

Strawinskylaan 3051, 1077 ZX Amsterdam,The Netherlands

General enquiries

contact@crystalblockchain.com

For financial companies

enterprise@crystalblockchain.com

For law enforcement organizations

le@crystalblockchain.com

For investigation services

investigations@crystalblockchain.com