Is your business following the latest FATF guidelines?

Utilize Crystal analytics platform to strengthen your AML and CFT procedures as per the FATF Red Flag Indicators Report

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What is the risk-based approach to virtual assets recommended by the FATF?

Image Scope of guidance

Scope of guidance

The risk-based approach to counteracting money-laundering and terrorism-financing applies to all direct and indirect virtual asset service providers

Image National coordination

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

Image Mitigating ML/ FT risk

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

Image Ongoing monitoring

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

Is your business following the latest FATF guidelines?

Stolen crypto withdrawal and transfer patterns

Stolen crypto withdrawal and transfer patterns

An analysis of cryptocurrency transactions made by crypto-criminals post-theft between 2015 and 2020, with a look at the fund flow patterns made using this stolen crypto.

Peer-to-Peer (P2P) Transaction Volume Analysis 2019-2020

Peer-to-Peer (P2P) Transaction Volume Analysis 2019-2020

At the V20 Summit in November 2020, the co-chair of the FATF’s Virtual Asset Contact Group, Sandra Garcia, stated that regulatory requirements for P2P exchanges may emerge in 2021 to combat AML, as they come under …

Updated global explorer, historical transfer checks & new fiat currencies

Updated global explorer, historical transfer checks & new fiat currencies

In the latest update to the Crystal platform, users can now track the transfer check history, view all entities in global explorer, and choose their preferred fiat currency.

Ukraine challenges regulatory hurdles as blockchain industry advances

Ukraine challenges regulatory hurdles as blockchain industry advances

Crystal Blockchain spoke with the deputy minister of the Ukrainian Ministry for Digital Transformation, Alex Bornyakov, about blockchain tech and regulatory developments happening in Ukraine, and how its …

Ver. 3.3: Configurable transaction patterns & new API monitor package

Ver. 3.3: Configurable transaction patterns & new API monitor package

In the latest product update, the team has added configurable transaction pattern indicators for potential red flags or suspicious activities, along with a new monitor package for our API users.

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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