We are pleased to unveil the latest version of the crypto transaction monitoring tool on the AML Platform!
The tool has been revamped with a focus on optimizing scalability and performance. Brand new technical architecture enables the tracing of tens of thousands of addresses and generates alerts straight after every transaction.
After inputting/uploading a set of addresses you can simply be notified of only the important alerts that those addresses generate:
If any alert is raised, you can see all its details and reasons why it was created:
In the example above, we can see that:
If there were any transactions that took place at the same time as an alert, these are also shown and often explain why the risk score changed.
Depending on the configuration users make, Coinfirm’s AML Platform can notify compliance officers of:
Monitored addresses are divided into categories and each category can have its own notification settings and thresholds set.
Alerts are available on the platform dashboard via API or by e-mail.
When you enter an address for monitoring, we start tracing it’s full history:
All of these are available on the view of the address’ history:
For detailed analysis, you can generate full AML Risk Reports for selected timeframes.
This revamped AML Platform tool enables users to streamline the responsibility of monitoring risk for efficiency.
By utilizing the new Monitoring Panel, a user does not have to actively request AML Risk reports for every transaction. Instead, compliance officers can input all of their chosen addresses for monitoring and only be notified if any suspicious activity is detected on them.
This means that hundreds of hours of time is saved from manually monitoring each transaction – to be free to get back to business – because you will be alerted only when there has been a significant change in your customers’ C-score.
In addition, due to enabling configuring certain thresholds, compliance teams can choose the transaction thresholds relevant to their operational jurisdiction (e.g. the EU’s 5AMLD, the US’ Bank Secrecy Act and the FATF’s guidelines).