Crypto business in Estonia: 3 months left to comply with new law

The amendments to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) in Estonia were adopted by the Estonian parliament on 11 December 2019, and entered into force on March 10th 2020.  Who is concerned?  The Act aims to provide more transparency in business activities and involve cryptocurrency activities. These »

Can Exchange Platforms Trade Surveillance data reflect the COVID-19 crisis?

As part of providing risk aml solutions for cryptocurrency assets, at Scorechain we also provide trading information looking at services and exchanges inflows and outflows. Let’s have a look at this notable correlation between the ongoing Covid-19 crisis, Bitcoin price and exchanges on-chain trades. Can the recent event related to »

Scorechain releases XRP Risk Solution and Anti-Money Laundering Software

Scorechain Risk-AML software for the XRP Ledger is live: incomparable data quality for a new compliance layer to trust XRP transactions The Luxembourg-based crypto AML company Scorechain successfully released transaction screening and analytics software for the XRPL (XRP Ledger). Companies using the Risk solution can now monitor XRP alongside Bitcoin, »

Scorechain dévoile la version XRP de ses outils AML Compliance

Scorechain dévoile son logiciel d’évaluation des risques et anti-blanchiment pour la XRP Ledger : une qualité de données incomparable qui donne une nouvelle dimension compliance aux transactions XRP L’entreprise luxembourgeoise spécialisée en risque/AML des cryptomonnaies vient tout juste de délivrer une nouvelle solution d’analyse et de traçage des transactions pour »

Only 1 month left to share your comments on the Basel Committee consultation paper

The actors of the crypto-assets ecosystem and financial institutions have only one-month remaining to send their comments and answers to the Basel Committee.  The initiative invites stakeholders to share feedback on crypto-assets treatment. Last December, the BIS (Bank for International Settlements) published a discussion paper1 that aims to design a »

AMLD5 Cryptocurrency

5 things to do for cryptocurrency businesses to be AMLD5 Compliant

EU 5th Anti-Money-Laundering Directive: countdown before cryptocurrencies under the scope. January 10, 2020, European Union cryptocurrency businesses need to comply with AML requirements. DIRECTIVE (EU) 2018/843 of the European Parliament and of the council of 30 May 2018 puts cryptocurrency business under the scope, especially: Cryptocurrency exchanges Custodian wallet providers The »

Scorechain recognized in 2020 RegTech 100 Report of World’s most innovative firm in regulation compliance technology companies

Scorechain, the European leader for AML and transaction monitoring software for cryptocurrencies has been recognized in the annual RegTech 100 list of the world’s most innovative RegTech companies. The RegTech 100 list announces the tech companies transforming compliance, risk management and cybersecurity.  The world’s most innovative technology solution providers that »

Scorechain introduces Artificial Intelligence for fighting cryptocurrency fraud

Scorechain introduces Artificial Intelligence able to detect fraud patterns in its Anti-Money Laundering cryptocurrency transaction monitoring software. The company signs a groundbreaking innovation in the blockchain analytics space with wallet types prediction. AI feature aims to provide a more accurate risk-scoring for cryptocurrencies activity with better blockchain services identification. With »