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?

Darknet interactions & bitcoin — a crypto activity analysis for May 2021

Darknet interactions & bitcoin — a crypto activity analysis for May 2021

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.

Rising instances of digital ransomware (using bitcoin) & how to deal with them

Rising instances of digital ransomware (using bitcoin) & how to deal with them

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

Ver. 3.8: Transfer Push Notifications & A New User Guide Platform

Ver. 3.8: Transfer Push Notifications & A New User Guide Platform

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.

NFTs: the good, the bad, and the artful scammers

NFTs: the good, the bad, and the artful scammers

How NFTs could become a new opportunity for crypto-criminals - if we’re not careful…

Ukrainian Cyber Police Department Now In Collaboration with Crystal Blockchain

Ukrainian Cyber Police Department Now In Collaboration with Crystal Blockchain

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

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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