The Department assesses risks associated with the origin of digital assets, counterparties, and the movement of funds. The analysis is conducted in accordance with applicable AML/CFT requirements, sanctions restrictions, and the internal compliance procedures of financial institutions.
Key Responsibilities
- analysing cryptocurrency transaction histories;
- screening wallet addresses and associated counterparties;
- identifying exposure to fraudulent platforms, illicit services, cryptocurrency mixers, and sanctioned addresses;
- reviewing source-of-funds documentation;
- classifying identified risk factors;
- preparing analytical findings and recommendations.
How the Review Is Conducted
- 1The client provides wallet addresses, transaction hashes, and information regarding the origin of the funds.
- 2The client’s identity and supporting documents are reviewed.
- 3The movement of assets is analysed using publicly available blockchain data.
- 4High-risk addresses, services, and transaction links are identified.
- 5Enhanced due diligence is conducted where elevated risks are detected.
- 6The client receives a report outlining the identified risk factors and recommended next steps.