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AML Risk Report

kormoran
  • Updated

 

What is the AML Risk Report?

An Anti-Money Laundering (AML) Risk Report is a document designed to help financial institutions and businesses assess and manage the risk of money laundering activities. These reports analyze various data points to identify suspicious patterns and potential connections to illicit activities, ensuring compliance with international AML regulations. By providing detailed insights into transactional behaviors and client profiles, AML Risk Reports enable organizations to implement effective risk mitigation strategies, safeguarding their operations against the infiltration of illegal funds and maintaining the integrity of the financial system.

 

How do I generate a report for wallet addresses?

To generate an AML report, log in to your account. You can generate a report in two different spaces, on the home page available right after logging in, or by going to the page with a list of all the reports your organization has generated.

Paste the insteresting address in the field and confirm with the button on the right. You will see a window in which you will select the blockchain/token for which you want to generate a report and the type of report. There are currently three types of AML reports available:
- standard 
- enhanced 
- simplified 

Next to each of the available report types you see the number of reports you can still generate.

 

amlreport01.jpg

 

 

What does C-Score mean? What are the ranges of the low, medium, and high scores?

By analyzing transaction patterns against over 200 risk evaluation scenarios, each blockchain address is assigned with a 0 to 99 C-Score where the higher score reflects higher risk. Coinfirm’s C-Score is an internal risk rating indicator expressing the level of money laundering, fraud, and compliance risk associated with counterparties of blockchain transactions.
Ranges:

  1. Low 0-32

  2. Medium 33-65

  3. High 66-99

 

What if I think the C-Score is too low/high?

In case you have any doubts about our risk rating, please contact us using our Service Desk.

 

What will I find in the standard report?

The AML standard report is divided into several sections. In the first summarizing section located at the very top of the report, you will find the address for which the report is generated, the owner's name (if such data is available), and the current account balance.
In the next section, you will find a pie chart highlighting the most important risk indicators assigned to the address along with the cscore. Below the chart, there is a list of all indicators for this address.
Under the list of risk indicators, there are sections dedicated to the analysis of the wallet owner and all the transactions this address participated in.

 

What will I find in the enhanced report?

The enhanced report contains all the data available in the standard report, expanded with additional, detailed analysis of the wallet's activity, including all tokens.

 

What will I find in the simplified report?

The simplified report is a streamlined version of the other reports. It is based on offchain data, meaning it does not include an analysis of the transaction activity of the given wallet.

 

Can I check the history of generated reports?

All of your generated reports are available to you. You can see them online using the platform or download them to PDF or using the API. To see the list of reports on the platform, you need to go to the AML Risk Report section.

 

While trying to generate the report I get a ‘402’ response, why?

402 responses signalize there is a lack of this product on your account. It could mean that you are out of reports or available reports expired.
In this situation, we recommend checking whether you are trying to generate the type of reports you have on the account. Secondly, check the balance of the reports and thirdly, contact our sales team through email - click here - to buy an additional package of reports.

 

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