Cryptocurrency AML Monitoring and Fraud Prevention for Crypto Firms
Manage risk effectively with Hawk’s flexible, scalable, end-to-end anti-financial crime (AFC) and anti-money laundering (AML) platform for crypto monitoring.
Effective
AI helps spot anomalies and detect unknown crime patterns
Efficient
70% false positive reduction – your team can focus on priority tasks
Explainable
All stakeholders can easily understand and trust our system's results
Easy To Deploy
Built with deployment options that can be customized to your needs
Challenges keeping fast-growing crypto firms up at night
You’re providing cryptocurrency services in a hyper-dynamic market. Bad actors are targeting businesses like yours for the purposes of money laundering, which means the regulators are turning their attention to crypto. The fact is: begging for forgiveness, not permission, doesn’t apply in AML compliance. Expensive fines are the last thing your business needs.
You need to get ahead of regulation and make sure you’re monitoring for money laundering, sanctions violations, and fraud. But you face multiple compliance challenges:
- Blockchain analytics solutions do not provide the AML monitoring capabilities needed for regulatory compliance
- Many AML monitoring solutions cannot process crypto transactions
- You need systems and processes that suit your operations and prevent large amounts of false positives
- Your team needs an easy-to-use system for understanding decisions
Key considerations for crypto firms looking for AML monitoring solutions
When you evaluate financial crime risk management technology, make sure it’s built with critical crypto capabilities:
- Effective Detection: identify suspicious activity with behavioral anomaly detection and a library of money laundering and fraud patterns
- End-to-End Crypto & Fiat Monitoring: ensure full AML compliance by leveraging blockchain analysis and transaction monitoring capabilities
- Alert Prioritization: maximize efficiency by focusing investigative resources on genuine financial crime risk, not false positives
- Unified Case Management: minimize training time and investigative costs by performing all monitoring in one platform
Benefits of an end-to-end anti-financial crime technology suite
Hawk supports crypto firms with flexible, scalable, end-to-end AFC and AML risk management technology:
- Customer Screening: check against watchlists to identify risky customers
- Customer Risk Rating / pKYC: monitor customer risk with real-time dynamic scoring
- Transaction Monitoring: identify risk to protect your business and reduce false positives to streamline operations
- Payment Screening: check counterparties to prevent suspicious payments
- Transaction Fraud: intelligently block suspicious transactions in real time
- Entity Risk Detection: improve risk assessments with entity and network intelligence
