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

Five Key Changes In Blockchain Compliance Analytics Landscape For 2022

 What are the biggest changes in the...

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January 18, 2022
by Kyrylo Chykhradze, Product Director

Why companies that don’t directly support crypto should pay attention to crypto

ORIGINAL ARTICLE published in Finance UA December...

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January 11, 2022
by Marina Khaustova, CEO

Crystal Blockchain’s Year in Review 2021

2021 has witnessed big changes for the...

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December 21, 2021
by the Crystal marketing team

What Do the Latest FATF Guidelines Mean For The Crypto Industry?

The topic of crypto regulation has always...

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December 14, 2021
by the Crystal analytics team

VER. 3.12: Crystal adds monitoring support for 10 new cryptocurrencies

Crystal has added 10 new cryptocurrencies, as...

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December 8, 2021
by the Crystal Investigations team

Investigations case scenarios when analyzing crypto

 The different investigations cases we deal with...

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November 29, 2021
by the Crystal product team

Benefits of Crystal Blockchain’s New Entities Directory

 The latest feature on the Crystal platform...

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November 15, 2021
by the Crystal marketing team

2021 Crypto Regulations in Eastern Europe

Countries in Eastern Europe, Ukraine in particular,...

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November 1, 2021
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

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General enquiries

contact@crystalblockchain.com

For financial companies

enterprise@crystalblockchain.com

For law enforcement organizations

le@crystalblockchain.com

For investigation services

investigations@crystalblockchain.com