Scorechain Entity Directory assesses the level of risk of each identified virtual asset service provider (VASP) by assessing their anti-money laundering (AML) and combating the financing of terrorism (CFT) policies and their exposure to jurisdiction and security risks.
The Entity Directory rates each identified VASP to help users assess their level of AML risk. The Entity Directory gives each entity a risk score from 1 to 100; 1 stands for high risk and 100 for low risk. Entities with higher scores can thus be trusted as they present outstanding AML/CFT policies.
Scorechain’s Entity Directory is a useful tool to assess the risk related to VASPs. The tool states whether VASPs have implemented concrete AML/CFT policies to comply with regulations and indicates if they are subject to jurisdiction or security risks. This tool, coupled with Scorechain Blockchain Analytics platform, enables users to have a holistic approach to crypto compliance.
You are a company operating with cryptocurrencies and you need to comply with regulations on crypto-risk mitigation? Scorechain can help you in your compliance journey. Don’t hesitate to contact us for a free demo.
Update September 30, 2021
We would like to recognize an additional 5 VASPs that are top-rated in our Entity Directory thanks to comprehensive AML/CFT policies.
Bitcoin.de is a German crypto exchange created in 2011. It provides trading services with Euro and several cryptos (BTC, ETH, LTC, XRP, etc.)
Bitcoin.de is able to meet crypto regulatory requirements thanks to the comprehensive AML/CFT controls they implemented on crypto transactions.
Bitso, a cryptocurrency exchange based in Mexico, has been established in 2014. The company offers trading services with several cryptos such as BTC, XRP, LTC, etc.
Bitso has implemented AML/CFT policies allowing the company to effectively mitigate money laundering and terrorism risks.
Coinbase is a US company providing cryptocurrency exchange services since 2012. It supports several cryptocurrencies such as BTC, ETH, or ADA for example.
Coinbase is listed as one of the safest VASPs in our Directory thanks to high standards in cryptocurrency AML/CFT compliance.
Gemini is another US-based cryptocurrency exchange. Established in 2014, it provides trading services and currently supports several cryptos such as BTC, ETH, LTC, LINK, etc.
The exchange values security and trust and is listed as one of the safest VASPs in our directory thanks to comprehensive AML/CFT processes.
Kraken is a US-based cryptocurrency exchange established in 2011. The exchange provides trading services with fiat and 50+ cryptos.
Kraken is one of the top-rated VASPs in our Entity Directory thanks to their excellent approach to transaction monitoring and risk mitigation.
All these 10 VASPs (including the 5 below) have been assessed in our Entity Directory and have very low money laundering and terrorism financing risks; they have high standards when it comes to AML/CFT regulation compliance.
Here are 5 of the top-rated VASPs from Scorechain’s Entity Directory:
Bitflyer is a cryptocurrency exchange headquartered in Japan, established in 2014. It supports several cryptocurrencies such as BTC, ETH, ETC, LTC, etc…
Bitflyer’s score is very high, proving the company has implemented adequate processes when it comes to money laundering and terrorism financing risk mitigation.
Bitstamp is a cryptocurrency exchange established in Luxembourg, founded in 2011. The platform supports different cryptocurrencies such as BTC, ETH, XRP, and more.
Bitstamp has a high score in Scorechain’s Entity Directory thanks to the effectiveness of its AML/CFT policies and processes.
Buda is a cryptocurrency exchange based in Chile, created in 2015. The platform offers trading services with BTC, ETH, LTC, and more.
Buda exchange complies with AML/CFT regulations and has implemented exceptional policies and processes to mitigate money laundering and terrorism financing risks.
Itbit is a cryptocurrency exchange based in the US, founded in 2012. The exchange belongs to Paxos, the blockchain infrastructure company. The exchange offers trading services with BTC, BCH, ETH, and more.
ItBit has implemented excellent policies to monitor and mitigate money laundering and terrorism financing risks and has thus a high score on Scorechain’s Entity Directory.
Paybis is a cryptocurrency exchange based in the United Kingdom and was established in 2014. The platform supports cryptocurrencies such as BTC, LTC, ETH, and more.
Paybis has a very high score in Scorechain’s Entity Directory thanks to the platform’s outstanding processes to mitigate money laundering and terrorism financing risks.
Scorechain is a Risk-AML software provider for cryptocurrencies and digital assets. As a leader in crypto compliance, the Luxembourgish company has helped more than 200 customers in 40 countries since 2015, ranging from cryptocurrency businesses to financial institutions with crypto trading, custody branch, digital assets customers onboarding, audit and law firms, and some LEAs.
Scorechain solution supports Bitcoin analytics with Lightning Network detection, Ethereum analytics with all ERC20 tokens and stablecoins, Litecoin, Bitcoin Cash, Dash, XRP Ledger, and Tezos. The software can de-anonymize the Blockchain data and connect with sanction lists to provide a risk scoring on digital assets transactions, addresses, and entities. The risk assessment methodology applied by Scorechain has been verified and can be fully customizable to fit all jurisdictions. 300+ risk-AML scenarios are provided to its customers with a wide range of risk indicators so businesses under the scope of the crypto regulation can report suspicious activity to authorities with enhanced due diligence.