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Virtual Asset Risk Mitigation
for Financial Institutions

Protecting Banks and FIs from virtual asset laundering risks, illicit money service businesses, and crypto-related threats

$2 Billion

in crypto-related payments on a typical top 10 US bank networks annually

How It Helps

Flags high-risk payments
between banks and VASPs

Reveals risk associated with hundreds of VASPs and other virtual asset entities—including deep intelligence into their Know Your Customer (KYC) and AML practices

Identifies illicit MSBs and P2P schemes using bank customer accounts

Reveals dark market sales of bank cards, prepaid products, and compromised retail and corporate accounts

Enables banks to manage risks related to virtual asset customers, which includes the ability to safely bank lucrative exchange customers

Highlights higher risk VASPs that trade privacy coins and fiat currency

10 out of 10 top US retail
banks have consumers or
small businesses transacting
with Virtual Asset Service
Providers

8 out of 10 top US
banks unknowingly
harbor unregistered
crypto MSBs.

55% of top 500
cryptocurrency providers
lack good KYC.

Full Suite of VASP Risk Monitoring and Due Diligence

Powered by the world’s leading cryptocurrency intelligence and blockchain analytics, CipherTrace Armada delivers deep insights into the money laundering risks from virtual asset service providers (VASPs). The Armada data feeds enable customer due diligence (CDD) and transaction monitoring systems to become crypto-aware to help mitigate operational, legal, reputational, and counterparty risks.

Enables Transaction Monitoring to Identify Payments to
VASP and Unregistered MSBs

VASP Data Risk Feeds

Identify all transactions associated with VASPs

Provides KYC risk scores of VASPs actual customer onboarding process and implementation

Provides money laundering risk scores for VASPs

Enables the identification of high-risk payments between banks and VASPs for enhanced due diligence

Help FIs comply with BSA obligations by recognizing undisclosed VASP customers and specifically higher-risk VASPs

Identify people associated with VASPs and their specific roles at VASPs

VASP Risk Monitor Reports

Identify all transactions associated with VASPs

Provides KYC risk scores of VASPs actual customer onboarding process and implementation

Provides money laundering risk scores for VASPs

Enables the identification of high-risk payments between banks and VASPs for enhanced due diligence

Help FIs comply with BSA obligations by recognizing undisclosed VASP customers and specifically higher-risk VASPs

Identify people associated with VASPs and their specific roles at VASPs

Unregistered MSB Feeds

Identifies unregistered MSBs and P2P schemes using bank accounts to covertly exchange virtual assets utilizing fiat payments

Help FIs comply with BSA obligations by recognizing undisclosed customers and small businesses that are operating as unregistered MSBs selling virtual assets and receiving fiat funds directly into their bank accounts

Crypto Risk Advisories and Threat Research Reports

Receive customized payments fraud intelligence on bad actors using cryptocurrencies to sell stolen account credentials, prepaid cards, credit card dumps, ATM skimmers, and phishing kits

Receive actionable advisories on emerging crypto crime, cryptocurrency-related malware and ransomware threats to your financial institution

Receive advisories on hacked VASPs that may be transacting with bank customers

Receive updates on various crypto regulation changes around the world

Receive updates on recent sanctions and penalties regarding the lack of crypto AML processes at other financial institutions

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