CipherTrace has launched the CipherTrace Crypto Risk Intelligence, a comprehensive crypto risk threat detection and proactive risk management service for banks and financial institutions.
The product includes detection of unregistered cryptocurrency money service businesses (MSBs), risk evaluation of cryptocurrency companies for bank relationships, attribution of cryptocurrency-related transactions, counter-party risk scoring, and a chronology of all known cryptocurrency threats within payment networks.
CipherTrace monitors over 500 cryptocurrency companies and provides risk scores, compliance scores, and AML filtering data for financial institutions, Business Wire reports. The company’s CipherTrace Crypto Risk Intelligence offers banks a four-pillared solution:
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