Virtual Asset Risk Mitigation
for Financial Institutions
Protecting Banks and FIs from virtual asset laundering risks, illicit money service businesses, and crypto-related threats
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
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