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The increase of crypto payments has boosted the complexity and volume of money-laundering activities. In this recent report, Forrester discusses how AML-for-crypto solutions work and offers practical guidance for crypto exchanges.
Inside this Report
Here's a sneak peek inside Forrester's recent AML-for-crypto report.
Crypto Demand Is Surging
Despite initial security, stability, traceability, and fraud concerns, cryptocurrency payments are proliferating and now exceed 4 trillion US dollars every year.
VASPs vs. Money Launderers
Money launderers are two steps ahead of VASPs in the cat-and-mouse game of performing and detecting cryptocurrency-based money laundering.
Overcoming Security Blindspots
Cryptocurrency blockchains contain only blocks and cryptographic hashes representing transactions, which results in a lack of direct insight into what’s happening.
Using Identity Resolution
Identity resolution solutions link differently spelled names into clusters and allow more-precise transaction monitoring and AML.