Our brand new Configurable Risk Scoring feature now allows all users to customize their AML risk-scoring preferences when using our proprietary risk-scoring algorithm.
Our brand new Configurable Risk Scoring feature introduces now allows all users to customize their AML risk-scoring preferences when using our proprietary risk-scoring algorithm.
Our analysts assign Risk Scores to known entities based on their activities and transactions. That Risk Score is then propagated to other addresses as the entities continue to interact with one another.
Now, you can assign your own Risk Score to the entities you are screening for AML reasons or other — once you do so, the Risk Score of all related addresses is recalculated. We hope this makes it even easier for you to conduct your research and investigations according to your mandate.
You can now input your preferred risk score value for each entity type and how strongly you want that score to influence the entities/transactions related to it. If your company primarily needs to detect interactions with darknet markets, you may set the highest strength of influence for this entity type, while other types may be given a mid-level or lower strength of influence.
You may also configure your risk scoring preference for the direction of the transaction. If you are researching ransomware attacks, an address of a victim who sent a payment to the hacker’s address would be treated differently than the address of the hacker themselves, if you configure higher risk scores for incoming transactions.
The set of Risk Score configurations is called a Risk Score Profile. You may create any number of Risk Score Profiles and switch between them depending on the case you are working on.
Our analysts have also prepared a default profile to fit the needs of the average platform user, as a template profile.
(This feature is always available in the list of your Risk Score Profiles.)
We hope this feature improves your experience using Crystal analytics for compliance and due diligence processes.
Get in touch if there are any features you’d like to suggest to the team, or if you’d like more information about the platform.