Introducing Cross-Chain Risk Analysis


Coinfirm has introduced support for cross-blockchain risk analysis and tracing in the award-winning AML Platform to give compliance teams monitoring crypto-asset transactions, addresses and entities enhanced visibility of exposure to associated risks in cases where a crypto address was involved in a transaction crossing between different blockchains.

Cross-blockchain analyses are based on incoming and outgoing transactions of the monitored bridges, assets, block heights, timestamps and on-chain data.

It is now possible to analyse the interoperability of several otherwise isolated blockchains by decoding such bridges and thus providing insight about sources – cross-chain risk analysis is incorporated into the AML Platform’s Proximity Path algorithms – for associated risk indicators. The algorithm allows for the analysis of cross-blockchain flows, regardless of how many times the bridge has been crossed.

Currently, Coinfirm’s AML Platform supports major bridges such as:

The platform’s Enhanced AML Risk Reports provide granular details of cross-chain transactions for crypto compliance.

In addition to adding cross-chain risk analysis to the AML Platform, Coinfirm has extended support to over 920,000 tokens and 45 blockchains, leading the crypto-asset industry in coverage for AML/CFT compliance, as well as supporting transactions with Litecoin’s MimbleWimble upgrade.

Looking to comply with crypto AML stipulations?

Contact Coinfirm or sign up/log in to the AML Platform to experience the most flexible crypto RegTech platform powered by more than 350 proprietary risk analysis algorithms.

About Coinfirm

Coinfirm’s AML Platform is creating a safer blockchain economy by monitoring and blacklisting funds from ransomware hacks, human trafficking, sanctions evasion and terrorist financing – amongst other crimes – by risk scoring entities, addresses and transactions.

Coinfirm’s platform and services are used by governments, financial institutions, custodians, payment providers, investment funds and exchanges. The AML Platform utilises 350+ proprietary risk algorithms covering 920k+ crypto-assets to provide a seamless, scalable solution to stringent regulatory requirements for both CeFi and DeFi.

Founded in 2016, Coinfirm is headquartered in London, UK, with the company retaining offices in the U.S., Poland, France and Japan. Over 250 entities have trusted Coinfirm’s RegTech solutions.

For more information, visit: https://www.coinfirm.com