For business
KYT office
Compliance solution to monitor risks, detect sanctions and ensure AML rules.
KYT office
Compliance solution to monitor risks, detect sanctions and ensure AML rules.
AML certification
How industry players can get up-to-date knowledge and professional certification.
AML certification
How industry players can get up-to-date knowledge and professional certification.
Graph
Comprehensive transaction analytics that helps to build graphs and trace funds.
Graph
Comprehensive transaction analytics that helps to build graphs and trace funds.
Travel rule
(soon)
For personal use
AML checks
AML checks
Portfolio tracker
Portfolio tracker
Docs and reports
Docs and reports
Telegram bot
Bot for checking crypto for risks, providing AML reports.
Telegram bot
Bot for checking crypto for risks, providing AML reports.
Getting money back
Services are focused on tracking
and recovering crypto assets.
and recovering crypto assets.
Getting money back
Services are focused on tracking
and recovering crypto assets.
and recovering crypto assets.
AML-сертификация
Актуальные знания в области AML/KYT от ведущих экспертов отрасли.
AML-сертификация
Актуальные знания в области AML/KYT от ведущих экспертов отрасли.
Graph
Визуализация перемещения активов
и связей между кошельками.
и связей между кошельками.
Graph
Визуализация перемещения активов
и связей между кошельками.
и связей между кошельками.
KYT Office
Мониторинг транзакций и кошельков для вашего отдела комплаенса.
KYT Office
Мониторинг транзакций и кошельков для вашего отдела комплаенса.
Для себя
Для Бизнеса
Travel rule
(Cкоро)
AML-проверки
AML-проверки
Портфолио трекер
Портфолио трекер
Отчёты
Отчёты
Телеграм-бот
Бот для проверки кошельков и транзакций с выдачей отчётов.
Телеграм-бот
Бот для проверки кошельков и транзакций с выдачей отчётов.
Возврат средств
Услуги по отслеживанию и возврату украденных криптоактивов.
Возврат средств
Услуги по отслеживанию и возврату украденных криптоактивов.
Guide: How to Run an AML Check on a Crypto Wallet
When you use cryptocurrency for payments, income, or exchanges, your wallet becomes part of a visible transaction chain. If this chain includes a compromised address (e.g., mixers, darknet, scammers), your funds could be frozen or blocked.
AML checks (Anti-Money Laundering) help verify whether a wallet is "clean" and unconnected to illicit activity.
In this article, we’ll explain when you need to run an AML check, share real cases proving its importance, and show how to do one using BitOK tools.
AML checks (Anti-Money Laundering) help verify whether a wallet is "clean" and unconnected to illicit activity.
In this article, we’ll explain when you need to run an AML check, share real cases proving its importance, and show how to do one using BitOK tools.
Who Needs to Do an AML Wallet Check?
Who Needs to Do an AML Wallet Check?
Individual Users
AML checks are useful if you:
- Receive crypto payments (e.g., for freelance or consulting work);
- Conduct peer-to-peer (P2P) transactions on platforms or through OTC deals;
- Use crypto to pay for digital services, subscriptions, VPNs, etc.
Example: A user received USDT from a sender previously linked to mixer services. When depositing those funds into a centralized exchange, the transaction was halted for further source verification. A simple AML pre-check could’ve flagged the risk and prevented the freeze.
Business
With global regulatory pressure intensifying, AML systems are no longer optional — they are a compliance requirement for all crypto market players: exchanges, wallets, DeFi platforms, OTC desks, and custodians.
Globally, all Virtual Asset Service Providers (VASPs) must conduct customer due diligence and transaction monitoring, as required by FATF standards and laws in the U.S., EU, UAE, Singapore, and beyond.
Given crypto’s cross-border nature, regulation in one jurisdiction does not eliminate exposure to risk from others. A business lacking proper AML controls may cause client losses, even if it operates legally within its own country.
Globally, all Virtual Asset Service Providers (VASPs) must conduct customer due diligence and transaction monitoring, as required by FATF standards and laws in the U.S., EU, UAE, Singapore, and beyond.
Given crypto’s cross-border nature, regulation in one jurisdiction does not eliminate exposure to risk from others. A business lacking proper AML controls may cause client losses, even if it operates legally within its own country.
Example: An exchange without proper AML tools sends funds to a client, who deposits them into Binance. Binance detects that the origin address is linked to dark web activity and blocks the transaction. The client loses access to funds, and the exchange faces complaints and reputational damage.
If your business handles crypto transactions, AML checks are mandatory.
Real Cases That Prove AML Checks Matter
Real Cases That Prove AML Checks Matter
Case 1: P2P Deal with “Dirty” USDT
Case 1: P2P Deal with “Dirty” USDT
A user bought 3,000 USDT via a P2P platform without checking the sender’s address. The transaction was paused when he later tried to move the funds to a centralized exchange. AML officers flagged the origin as high-risk, linked to mixers and scams. His account was frozen during the investigation. A simple AML pre-check could’ve prevented this.
Case 2: Chatex — Blocked After OFAC Sanctions
Case 2: Chatex — Blocked After OFAC Sanctions
In 2021, the crypto platform Chatex was sanctioned by OFAC for links to ransomware and dark web transactions. Despite using Crystal Blockchain analytics, their AML systems failed.
Chatex lost access to wallets, cloud infrastructure, email, and more within hours. Its entire operation was paralyzed.
Key lesson: It’s not enough to have AML tools — they must be effective, independent, and risk-oriented. Real compliance = real protection.
Chatex lost access to wallets, cloud infrastructure, email, and more within hours. Its entire operation was paralyzed.
Key lesson: It’s not enough to have AML tools — they must be effective, independent, and risk-oriented. Real compliance = real protection.
How to Check a Wallet with BitOK Services
How to Check a Wallet with BitOK Services
Quickly enter a wallet address and get a risk summary. Supports BTC, ETH, TRX, BSC, and LTC.
The response includes a risk score and address connections.
Get a full AML report:
- Wallet balance & transaction count,
- Total inflow and outflow value,
- Risk breakdown,
- Diagram with detailed information on exposure.
An example of AML report in the BitOK Web Portfolio Tracker
Ideal for businesses handling real-time transactions and high-volume flows.
API features:
API features:
- Fine-tuned risk models based on business or jurisdiction,
- Instant alerts for high-risk transactions,
- Role-based access controls for team members,
- Full automation — AML checks within 1 second of the transaction.
An example of an alert report with a connected API for integration via the BitOK KYT platform
Pricing for BitOK AML Checks
Pricing for BitOK AML Checks
For individuals:
- 5 free checks via Telegram bot for new users,
- Subscription from $15/month (includes 50+ checks and analytics),
- One-time packs: 10−100 checks from $5 to $35 respectively.
For businesses:
- From $300/month: full API, risk models, team access, training,
- Custom pricing for fintechs, banks, and payment processors (includes audits, white-label options, and dedicated support).
Conclusion
Conclusion
AML checks are not a one-time task but a core part of ongoing crypto security. They reduce risk, protect your reputation, and help meet regulatory standards.
Address verification takes only 30 seconds and costs from $0.25 (within BitOK services), which is incomparably less than the possible losses in case of compliance violation.
➡️ Start with 5 free checks now: @BitOK_AML_bot
Address verification takes only 30 seconds and costs from $0.25 (within BitOK services), which is incomparably less than the possible losses in case of compliance violation.
➡️ Start with 5 free checks now: @BitOK_AML_bot
