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?

Ver. 3.7: Unhosted Wallet Alerts & Tracking for ERC-20 Tokens

Ver. 3.7: Unhosted Wallet Alerts & Tracking for ERC-20 Tokens

In the latest product update, Crystal has added tracking for ERC-20 tokens, along with important unhosted wallet alerts, as well as several improvements to the visualization tool.

Geography of Bitcoin Transaction Dynamics Report 2014 — Q1 2021

Geography of Bitcoin Transaction Dynamics Report 2014 — Q1 2021

The Crystal team regularly explores bitcoin and crypto market dynamics, to see how fund flows have been affected by external factors like financial fluctuations or increasing regulations. We update these dynamics …

5 steps to identifying potentially suspicious entities on blockchains

5 steps to identifying potentially suspicious entities on blockchains

How to prevent accepting risky transactions and avoid becoming a victim of scams and criminal activities. These five steps will help you avoid these potential pitfalls.

DeFi Hacks Case Study: Harvest Finance Protocol

DeFi Hacks Case Study: Harvest Finance Protocol

An analysis of recent trends in DeFi protocol breaches, comparisons with centralized exchange breaches, and a case study of Harvest Finance protocol breach.

Crystal Expands Blockchain Coverage & Crypto AML Compliance Solutions

Crystal Expands Blockchain Coverage & Crypto AML Compliance Solutions

Regulations from the Financial Action Task Force (FATF) and the 6th Anti-Money Laundering Directive (6AMLD), mean that cryptocurrency services, and businesses exposed indirectly to cryptocurrencies, need to get …

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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