In the report of the Associated Press, the historical background and technological development process of anti-money laundering (AML) were elaborated in detail, and it was pointed out that Onchain AML will become a key factor for financial institutions and service providers to enter the field of virtual asset compliance. OKLink’s latest The launched on-chain anti-money laundering (Onchain AML) solution has also become a hot topic in the market.
Image source: Screenshot of PR Newswire report
Okey Cloud Chain launched a new AML solution on the chain
The newly launched AML on the chain of Okey Cloud Chain includes services such as KYT (Know Your Transactions), KYA (Know Your Address), data indicators and security audits.
KYT and KYA are the core services of the AML solution on the OKLink chain. They aim to identify high-risk transactions and suspicious behaviors in virtual asset transactions, and provide real-time early warning and monitoring services to help financial institutions quickly meet anti-money laundering compliance requirements.
In addition to services such as KYT and KYA, AML on the chain also provides data indicators and security audit services. The data indicator service provides 12 public chains with 10,000+ data indicators, including multi-ecological roles (miners, exchanges, institutions, etc.) and multi-dimensional (addresses, market indicators, network) data indicators, which can fully and detailedly display the data on the chain Multi-dimensional changes, while the data indicator service also provides a wealth of analysis tools. The security audit service provides protection for the virtual asset trading platform through on-chain data analysis and code analysis. It includes risk token scanning and on-chain situational awareness. Risk token scanning supports 30+ risky project detection, and establishes token score rating and risk classification standards to help users understand token risks. In terms of situation awareness on the chain, a risk event detection model is established, and OKLink's on-chain data analysis capabilities are used to realize real-time discovery, tracking analysis, and response to suspicious addresses and risks.
What can participants in the virtual asset trading market use AML on the chain?
The rapid development of the virtual asset trading market has brought regulatory difficulties and risk challenges. Anti-money laundering has become an important issue facing the industry, and AML tools on the chain can provide all market participants, including regulators, service providers and individual investors. help.
Image source: screenshot of OKLink official website
For regulatory authorities, the AML solution on the OKLink chain can realize real-time recording and analysis of transaction data. This is very important for the regulatory authorities and can help them strengthen the supervision of the entire virtual asset industry. At the same time, the AML solution on the OKLink chain is reliable and safe in terms of data tracking and monitoring, which can help it discover and deal with potential illegal transactions in a timely manner.
For service providers, the AML solution on the OKLink chain can provide service organizations with more comprehensive compliance solutions, effectively deal with challenges such as illegal money laundering, assist exchanges in coping with regulatory policy and compliance challenges, and improve the security transparency of virtual assets.
For individual investors, the AML solution on the OKLink chain can improve the security and transparency of virtual asset transactions and reduce the risk of asset transactions. In addition, the AML solution on the chain can help individual investors better understand the source and destination of their assets, and avoid being punished by the regulatory authorities for improper asset transfers that are considered money laundering.
Virtual assets are an innovative testing ground in the field of digital finance, and AML is an important starting point for financial institutions to get involved in this field. However, in the field of virtual assets, AML tasks are cumbersome, with high anonymity and huge technical challenges. As a new technology in the field of digital finance, on-chain anti-money laundering plays a key role in achieving anti-money laundering compliance. Technical tools such as KYA and KYT help identify high-risk transactions and suspicious behaviors in virtual asset transactions, and provide real-time early warning and monitoring services to help financial institutions meet AML compliance requirements. In the future, the development of the virtual asset field will rely more on innovative anti-money laundering compliance technologies.
