Top 5 Crypto AML Services
The expression "money doesn't smell" is definitely outdated. Especially when it comes to crypto. You don't have to sponsor terrorism or trade with shady characters on the darknet to fall under the radar of an AML agency. Due to the globalization of finance in general and blockchain technology in particular, money from suspicious sources can end up in your wallet even if you are completely law-abiding. We've selected the top 5 services to help you stay out of such situations.
Top 5 Crypto AML Services
About the service: AMLNode is a compliance platform that provides AML and KYC (know-your-customer) services for cryptocurrency businesses. It offers a range of features, including transaction monitoring, sanctions screening, and risk scoring.
Pros
Provides a comprehensive set of compliance tools
Offers customizable risk scoring based on your business's specific needs
Easy to integrate with your existing systems
Cons
Can be expensive, especially for smaller businesses
May require some technical knowledge to set up and use effectively
Pros
Provides a comprehensive set of compliance tools
Offers customizable risk scoring based on your business's specific needs
Easy to integrate with your existing systems
Cons
Can be expensive, especially for smaller businesses
May require some technical knowledge to set up and use effectively
AMLBot is an AML compliance tool that uses artificial intelligence to monitor cryptocurrency transactions and identify potential risks. It offers features such as identity verification, transaction monitoring, and watchlist screening.
Ways to check: web version, telegram bot
Cryptocurrencies: BTC, XRP, ETC, ETH, LTC, BCH, Tether OMNI, BSV, 1500+ ERC-20 tokens
Cost: from $0.3 per check
API: yes
Pros
Uses AI to detect potential risks and suspicious activity
Offers a user-friendly interface
Affordable pricing plans, including a free version for small businesses
Money refund for unused checks
Cons
May not be as comprehensive as some other AML-checking services
Limited to certain jurisdictions
Ways to check: web version, telegram bot
Cryptocurrencies: BTC, XRP, ETC, ETH, LTC, BCH, Tether OMNI, BSV, 1500+ ERC-20 tokens
Cost: from $0.3 per check
API: yes
Pros
Uses AI to detect potential risks and suspicious activity
Offers a user-friendly interface
Affordable pricing plans, including a free version for small businesses
Money refund for unused checks
Cons
May not be as comprehensive as some other AML-checking services
Limited to certain jurisdictions
Getblock
Getblock is a blockchain API provider that offers a range of tools for cryptocurrency businesses, including AML compliance services. It provides features such as transaction monitoring, identity verification, and sanctions screening.
Ways to check: web version
Cryptocurrencies: BTC, ZEC, LTC, BCH, DASH
Cost: from $0.3 per check
API: no
Pros
Offers a range of tools and services beyond just AML compliance
Easy to integrate with your existing systems
Affordable pricing plans
Money refund for unused checks is possible during 10 days
Cons
May not be as comprehensive as some other AML-checking services
May require some technical knowledge to set up and use effectively
Ways to check: web version
Cryptocurrencies: BTC, ZEC, LTC, BCH, DASH
Cost: from $0.3 per check
API: no
Pros
Offers a range of tools and services beyond just AML compliance
Easy to integrate with your existing systems
Affordable pricing plans
Money refund for unused checks is possible during 10 days
Cons
May not be as comprehensive as some other AML-checking services
May require some technical knowledge to set up and use effectively
Crystal Blockchain Analytics is a platform that provides AML and KYT (know-your-transaction) services for cryptocurrency businesses. It offers features such as transaction monitoring, wallet tracing, and sanctions screening.
Ways to check: web version
Cryptocurrencies: BTC
Cost: on demand
API: no
Pros
Provides comprehensive AML and KYT services
Offers advanced features such as wallet tracing
Easy to integrate with your existing systems
Cons
Can be expensive, especially for smaller businesses
May require some technical knowledge to set up and use effectively
Ways to check: web version
Cryptocurrencies: BTC
Cost: on demand
API: no
Pros
Provides comprehensive AML and KYT services
Offers advanced features such as wallet tracing
Easy to integrate with your existing systems
Cons
Can be expensive, especially for smaller businesses
May require some technical knowledge to set up and use effectively
BitOK
BitOK is a portfolio tracker and AML compliance tool that provides transaction monitoring, identity verification, and sanctions screening services. It uses machine learning algorithms to identify potential risks and suspicious activity.
Ways to check: web version, telegram bot
Cryptocurrencies: BSC, BTC, BCH, DASH, DIVI, DOGE, LTC, DCR, DGB, CMD, ZEC, GRS
Cost: from $0.4 per check
API: yes
Pros
Uses machine learning to detect potential risks and suspicious activity
A complete portfolio tracker
Easy to use and integrate with your existing systems
Affordable pricing plans - subscriptions are not necessary - you can buy checks by the item (1, 5 and 10 AML checks)
Out-of-box tax reporting solution
Cons
Limited to certain jurisdictions
Ways to check: web version, telegram bot
Cryptocurrencies: BSC, BTC, BCH, DASH, DIVI, DOGE, LTC, DCR, DGB, CMD, ZEC, GRS
Cost: from $0.4 per check
API: yes
Pros
Uses machine learning to detect potential risks and suspicious activity
A complete portfolio tracker
Easy to use and integrate with your existing systems
Affordable pricing plans - subscriptions are not necessary - you can buy checks by the item (1, 5 and 10 AML checks)
Out-of-box tax reporting solution
Cons
Limited to certain jurisdictions
What else to do to protect yourself from dirty crypto
Do some research. Before investing in any crypto, research the project closely. Research the team behind the project, the technology used, and the market demand for the coin.
Check the source of funds. If you are buying cryptocurrency from a person or company, make sure that they got the funds legally and that the source of funds is not connected to any suspicious activity.
Use trusted exchanges and wallets. Be sure to use well-reputed exchanges and wallets that have strong security measures in place. Check for reviews and feedback from other users before using any exchange or wallet.
Set transaction limits. Set limits on the amount of cryptocurrency you can buy or sell in a certain period of time. This will help prevent large transactions that may be perceived as suspicious.
Be cautious of high-risk countries. Be careful when buying or sending crypto to countries with a high risk of fraud or money laundering. Consult with legal and financial advisors before making transactions involving such countries.
Any user can get dirty crypto. There is nothing to worry about if you know what to do. First of all - use services and sites to check transactions, as well as the wallet addresses from which they come. If your accounts have already been blocked, check out our article What to do if the exchange has blocked your account?
Check the source of funds. If you are buying cryptocurrency from a person or company, make sure that they got the funds legally and that the source of funds is not connected to any suspicious activity.
Use trusted exchanges and wallets. Be sure to use well-reputed exchanges and wallets that have strong security measures in place. Check for reviews and feedback from other users before using any exchange or wallet.
Set transaction limits. Set limits on the amount of cryptocurrency you can buy or sell in a certain period of time. This will help prevent large transactions that may be perceived as suspicious.
Be cautious of high-risk countries. Be careful when buying or sending crypto to countries with a high risk of fraud or money laundering. Consult with legal and financial advisors before making transactions involving such countries.
Any user can get dirty crypto. There is nothing to worry about if you know what to do. First of all - use services and sites to check transactions, as well as the wallet addresses from which they come. If your accounts have already been blocked, check out our article What to do if the exchange has blocked your account?
