Under the Swiss Anti-Money Laundering Act, all financial institutions are required to identify and clarify risks associated with crypto currencies. Crypto AML Compliance provides comprehensive support in this. Automatic monitoring detects, checks and reports changes to the risk profile or forwards to an expert.
Modular design to give you the specific services you need
One-time or continuous risk classification
Analysis of risk-relevant information from the blockchain
Crypto AML Compliance is designed for financial service providers who accept cryptocurrencies or fiat money from cryptocurrency trading and would like to benefit from Swisscom’s extensive expertise in analysing and identifying money laundering risks in connection with blockchain.
What’s in it for you:
Request a no-obligation quotation
Would you like to discover how Crypto AML Compliance can protect your financial institution? We will be happy to prepare you an individual quotation.
Automatic assessment of all risks and action initiation
Modern data analysis tools automatically assess the risks of money laundering and terrorist financing for blockchain addresses, transactions in cryptocurrencies and wallet users. Among other things, Crypto AML detects and tracks transaction flows and interactions with stock exchanges, mixers and darknet marketplaces, for example, and compares these with databases. Risk assessments can be one off or continuous.
Manual risk analysis, if required, based on different tools
Our crypto compliance experts perform a manual risk analysis as part of our extensive due diligence offering. To ensure the completeness and accuracy of the analysed data, decryption, analysis and extraction are based on various data analysis tools. The information is then condensed and compared against the risk criteria of the Swiss Anti-Money Laundering Ordinance. Finally, we prepare a risk report for you.
Verification of wallet addresses
Since the holder of the private key essentially has unrestricted disposal of the crypto currencies in a wallet, this holder is considered the economic beneficiary of the wallet address. We are happy to support you in verifying power of disposition over wallet addresses.
Design and integration in your processes
Our experienced team of crypto compliance experts will be happy to assist you in designing your crypto compliance rules and integrating them in your existing compliance processes.
Market overview of Swiss RegTech start-ups by Swisscom and e.foresight.
How financial service providers can automatically process compliance requirements. By Dominik Witz, Head of Compliance & RegTech at Swisscom.
Are there other uses for blockchain in addition to crypto currencies? Interview with Thomas Ankenbrand (IFZ) and Roland Cortivo from Swisscom.
An interpretative guide on the implementation of due diligence obligations for banks.
Money laundering risks associated with cryptocurrencies
Cryptocurrencies and blockchain offer new opportunities for concealing illegally acquired funds within the financial and economic system. This is due to the underlying technology and the way cryptocurrencies can be acquired and used.
Do you want to protect your bank/financial institution from risks, ensure compliance with legal requirements and uphold your reputation?
We will be happy to advise you.