The risk-based approach to counteracting money-laundering and terrorism-financing applies to all direct and indirect virtual asset service providers
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
The guidance set out by the FATF recommends first understanding and then mitigating risk by means of transparency and regulatory co-operation
As theft and fraud in the blockchain industry increases, consistent monitoring and risk-assessing is required to combat illicit activity
These features are given a high-risk score on the Crystal platform due to lack of transparency
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
Crystals analytics platform, along with heuristic analysis by the team, allows for effective assessment of suspicious transaction patterns
The notifications system on the Crystal platform can be customized to raise alerts on unusual transaction sizes by particular addresses
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
Crystal efficiently tracked payments from the victims of the WannaCry virus. It took four days for the virus to spread across 150 countries - it took Crystal only 3 hours to locate the online entity extorting payments from the affected users.
It is often difficult for users to know whether a mining service is trustworthy. Read on to see how Crystal can be used for due diligence before signing up for a mining service.
An analysis of current darknet entities and their interactions with other entity types in Q1 2021, in comparison with historical dynamics over the last four years.
Tracking cryptocurrency transactions accurately from the victim to the illicit entity is key to dealing with ransomware involving digital assets like bitcoin on public blockchains
In the latest product update, Crystal has added push notifications, created a new user guide platform, and we’ve also made several improvements to the visualization tool.
How NFTs could become a new opportunity for crypto-criminals - if we’re not careful…
The first meeting between the Ukrainian Cyber Police Department and Crystal Blockchain, was a discussion of ambitious goals as well as exchanges of experience in cybercrime mitigation