AMLBot Team

KYC Update: Smarter, Faster, and More Secure

KYC Update: Smarter, Faster, and More Secure

We are excited to introduce a significant update to one of our core products – KYC (Know Your Customer)! The latest release includes new features to streamline the onboarding process, offering businesses more flexibility in meeting regulatory requirements while improving user experience. Key Upgrades: * Enhanced Stability & Improved Design: The user

FAQ Risky Transaction Reporting

FAQ Risky Transaction Reporting

Our clients' most frequently asked questions, answered: This blog covers what qualifies as a high-risk transaction, how to manage them, and what steps to take if a transaction is flagged. From enhanced due diligence to blocking or unfreezing funds, it provides essential answers for navigating these challenges. 1. What

Compliant Memecoin Launch: Beercoin’s 35K+ Wallets Verified

Compliant Memecoin Launch: Beercoin’s 35K+ Wallets Verified

Beercoin ($BEER) is a Solana-based community-focused token that has quickly captured the attention of the global crypto community. Within just days of its launch, Beercoin gained over 300,000 followers and completed a $5 million pre-sale. Last June, they reached a market cap of $309 million. The project describes itself

The High Cost of Non-Compliance: AML and KYC Explained

The High Cost of Non-Compliance: AML and KYC Explained

Financial regulators worldwide are increasingly insisting that digital asset service providers comply with the same rules as traditional banks. Amid ongoing debates on privacy and security, proper AML and KYC measures are instrumental in preventing the unlawful use of cryptocurrencies. Overview of AML and KYC In the crypto space, AML

EQIBank Reduces Onboarding Costs By 50% After AMLBot Partnership

EQIBank Reduces Onboarding Costs By 50% After AMLBot Partnership

EQIBank stands as a leader in digital banking, serving clients in 180+ countries. Founded by veterans from HSBC, Credit Suisse, Bank of New York, and UBS, the bank boasts over 240 years of combined expertise in finance and blockchain. Since acquiring its banking license in 2018, it has set a

Tracing WazirX Hack with AMLBot Pro

Tracing WazirX Hack with AMLBot Pro

The $235 million hack on Indian cryptocurrency exchange WazirX on July 18 has intensified scrutiny over the security of digital asset platforms and sparked a comprehensive investigation. The hacker moved approximately $234.9 million worth of funds to a new address, using assets funded through the cryptocurrency mixer Tornado Cash.

The MiCA Effect: Stablecoins, Compliance Challenges, and Circle's Case Study

The MiCA Effect: Stablecoins, Compliance Challenges, and Circle's Case Study

The Markets in Crypto Assets Regulation (MiCA), partially enacted on June 30, 2024, aims to promote innovation by setting clear guidelines for crypto asset service providers throughout the EU. MiCA's primary objective is to create legal certainty for businesses operating within the crypto space while ensuring robust consumer

Partnership to Bridge Security and Compliance

Partnership to Bridge Security and Compliance

AMLBot and Nefture are pleased to announce a new partnership aimed at addressing the security and compliance needs of Web3 companies and crypto asset managers. Nefture, specializing in blockchain security, offers a multilayered approach to on-chain security. Their services include protection against crypto threats, exploits, hacks, scams, and financial risks

Sanctions Risk Management for Crypto Businesses

Sanctions Risk Management for Crypto Businesses

In our third episode of AMLBot Stream podcast, we spill all the details. Don’t miss this essential guide to Sanctions Risk management! Whether you're in the crypto industry or just interested in learning about compliance in crypto, this episode is packed with valuable insights, presented by our

How AMLBot Investigators Traced Stolen Crypto from a Linkedin Investment Scam

Investigations Featured

How AMLBot Investigators Traced Stolen Crypto from a Linkedin Investment Scam

Discover how our crypto recovery services helped a victim of fraud recover the majority of their stolen assets in collaboration with Law Enforcement.

Client Case Study: Securing VASP Registration with Central Bank of Ireland

Client Case Study: Securing VASP Registration with Central Bank of Ireland

By incorporating AMLBot’s compliance tools, including our Know Your Transaction (KYT) software, Fortuna was able to meet the regulatory requirements and obtain the VASP registration with Central Bank of Ireland.

Crypto Compliance Guide: Best Practices for Customer Due Diligence (CDD)

Crypto Compliance Guide: Best Practices for Customer Due Diligence (CDD)

Eliminating every risk is impossible, especially in an industry like cryptocurrency, but developing a robust customer due diligence (CDD) process is the best way to protect your company's interests. In many countries, CDD isn't a matter of choice. It's a requirement that cryptocurrency exchanges,

Crypto Crime Typology: Deciphering Pig Butchering Scams

Crypto Crime Typology: Deciphering Pig Butchering Scams

Welcome to AMLBot Stream Podcast Episode 2! Today’s topic is the Pig Butchering Crypto Scam, Graeme Hampton, (Anti Money Laundering Advisor at AMLbot and Co-Chair with the International Association for Trusted Blockchain Applications) podcast host, speaks on this rising deception scam targeting unsuspecting victims. You can listen or subscribe

The Art of Operational High Risk Management in Crypto: How to Mitigate Risk and Keep Safe

The Art of Operational High Risk Management in Crypto: How to Mitigate Risk and Keep Safe

Welcome to AMLBot Stream Podcast Episode 1! One of the most asked questions we receive from our clients at AMLBot is, "What are the best ways to mitigate high-risk to keep us safe?" Today, Graeme Hampton, (Anti Money Laundering Advisor at AMLbot and Co-Chair with the International Association

Introducing AMLBot Pro: Powerful Blockchain Analytics Tool

Introducing AMLBot Pro: Powerful Blockchain Analytics Tool

To conduct a thorough blockchain investigation and meet regulatory requirements, you need fast and easy access to quality data. We’re proud to present AMLBot Pro, a new innovative and powerful tool that meets those needs. While it can offer benefits to a wide range of users, AMLBot Pro was

The Crypto Investor's Guide: Assessing AML Compliance in Crypto Projects

The Crypto Investor's Guide: Assessing AML Compliance in Crypto Projects

Anti-money laundering (AML) compliance should be a top concern if you're a crypto investor. However, many crypto users know very little — if anything — about what an AML governance regulation is and what it means in the industry. Experts project that the number of crypto investors will reach nearly

Stablecoin Report: USDT and USDC Illicit Activity Study

Stablecoin Report: USDT and USDC Illicit Activity Study

The report is focused on comparing the two most popular stablecoins by market share - USDT issued by Tether and USDC issued by Circle - in terms of the magnitude of illicit activity associated with both stablecoins. USDT, known for its wide usage across various blockchain platforms, particularly the Tron

Reducing Crypto Fraud: Automated KYC Best Practices

Reducing Crypto Fraud: Automated KYC Best Practices

Automated KYC is one of today's biggest crypto security trends, and for good reason. By switching from manual to automatic know-your-customer (KYC) checks, companies in the cryptocurrency space can achieve better customer outcomes. They can also avoid expensive penalties for violating anti-money laundering (AML) regulations. If the concept

Frozen Assets on CEX : Sanctions Exposure Case

Frozen Assets on CEX : Sanctions Exposure Case

In 2023, the AMLBot investigation team detected that individuals failed to comprehend the potential consequences of disregarding basic safety guidelines. Unexpected sanctions exposure challenges can arise, as was the case when a client approached us with concerns about a frozen account linked to suspected sanctions. The Case A client contacted

Is it possible to return the stolen crypto? The successful AMLBot investigation story of the 650,000 USDT theft.

Is it possible to return the stolen crypto? The successful AMLBot investigation story of the 650,000 USDT theft.

Many believe that recovering stolen crypto funds is a lost cause. However, AMLBot, with its proven expertise in handling such cases, is here to debunk this myth. The Case AMLBot was contacted by a client with the request to investigate the loss of 650 000 USDT from its business wallet.

Guide to AML Compliance for Peer-to-Peer (P2P) Cryptocurrency Platforms

Guide to AML Compliance for Peer-to-Peer (P2P) Cryptocurrency Platforms

Cryptocurrency regulations can be difficult to decipher, and AML compliance for peer-to-peer (P2P) exchanges is especially tricky. Regulatory agencies across the globe have implemented different standards for P2P platforms, and you might be tempted to ignore them and hope for the best. Unfortunately, giving in to that temptation could be

Report: Crypto Regulation Around the World

Around The World

Report: Crypto Regulation Around the World

Over the 2023 outgoing year, the crypto asset sector experienced remarkable peaks, accompanied by significant troughs, such as the collapse of crypto firms, fraud, scams, and mishandling of customer funds. Although these issues are not inherent to the underlying crypto assets or blockchain technology, they underscore the importance of establishing

Essential Steps to Take When You Discover Your Crypto Assets Are Lost or Stolen

Essential Steps to Take When You Discover Your Crypto Assets Are Lost or Stolen

Realizing that your digital assets have vanished is a nightmare, but crypto asset recovery could put an end to your bad dream. If bad actors have taken your cryptocurrency, you're not alone. Hackers have stolen $901 million in crypto from exchanges, bridges, and DeFi protocols in the second

AMLBot's Enhanced Risk Assessment Algorithm: Elevating Your Financial Security

Product Updates

AMLBot's Enhanced Risk Assessment Algorithm: Elevating Your Financial Security

AMLBot is launching a new enhanced risk assessment algorithm to elevate financial security. In the swiftly changing financial tech world, AMLBot is trying to find more ways to spotlight the financial well-being of its clients. In this term, AMLBot is significantly jumping up in the financial defense game. We'

aml policy development for a crypto startup

Step-by-Step Guide to Creating Effective AML Policies for Your Crypto Startup

Creating effective AML policies for crypto startups may not be the most exciting part of opening a new business, but it's critical to your company's success. People often criticize crypto firms for operating outside of regulations. However, most legitimate crypto companies face similar requirements as other