Verafin Cryptocurrency V1

The World’s First All-In-One Platform for Crypto Companies

Get the full picture of crypto-related crime with Verafin

The Importance of Holistic Solutions to Fight Crypto-Related Crime

Verafin’s all-in-one Anti-Financial Crime platform provides Crypto Companies with a full fiat-to-blockchain view of crypto activity. Increase the quality and accuracy of your alerts and strengthen your investigations with big data intelligence in the Verafin Cloud. Verafin imports and analyzes an immense amount of information from multiple sources, including in-house systems, blockchain data, open-source, third-party, and consortium-based data. Verafin’s approach includes big data intelligence, visual storytelling, and collaborative investigations to help Crypto Companies stay a step ahead of regulatory change and financial crime.

Relying on siloed solutions creates ineffective anti-financial crime management programs, wasting valuable time and resources, and leaving your Crypto Company vulnerable to compliance gaps, financial losses, and reputational damage.

VERAFIN'S CROSS-CHANNEL ANALYSIS

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Learn how to protect your institution from crypto-related fraud.

Blockchain and Fiat: All-In-One AFC Platform.
Verafin’s all-in-one platform allows you to monitor and investigate both on-chain and off-chain risks, including blockchain and fiat payments. This holistic approach allows your Crypto Company to catch more potentially suspicious activity, protecting your institution and your customers.

Case Management & STR/SAR Automation.
At the click of a button, Verafin’s Case Management & STR/SAR Automation solution allows you to create and file SARs/STRs to government agencies including FinCEN (USA), FINTRAC (Canada), and internationally via GoAML. Our solution also helps your Crypto Company centralize and optimize Case Management across your organization.

Holistic Investigation Tools and Visualized Storytelling.
Simplify your teams’ understanding of complex activity through unique investigation tools, such as custodial relationships and smart-contract identification and labelling. Verafin’s solution allows you to visualize the flow of funds across fiat and blockchain transactions on one single link chart. You can also track activity across wire transfers, ACH, and digital assets such as Bitcoin, Ethereum, Tether, and more.

Fighting Fraud Using Big Data.
Verafin aggregates multiple sources of transactional, demographic, and cloud data to add the layered context required to understand customer activity. This provides a holistic view of customer activity and transactions to provide a more accurate view of true risk.

Verafin lets you focus on your growing business by providing a single solution for your anti-financial crime needs, including:

Combining On-Chain and Off-Chain AML Transaction Monitoring

Verafin combines deep blockchain analytics and fiat monitoring to analyze flow-of-funds of your customers. This analysis holistically considers all elements of your customers’ behaviour, breaking down the barrier between monitoring off-chain fiat currency payments and on-chain activities.

Minimize Risk with Intelligent Wallet Risk Rating

Fraud scams are challenging to detect with blockchain analytics alone due to a fundamental element of blockchain technology – the ability to create unique digital addresses. Verafin’s blockchain analytics provide risk rating for wallet addresses based upon multiple sources of information including demographics, aggregate transactional activity, sanctioned address lists, behaviour analysis, and data from the Verafin Cloud.

Comprehensive Sanctions Screening for KYC, Fiat, and Digital Addresses

Verafin provides unique, comprehensive sanctions coverage of your customer lists, fiat payments such as wire and ACH, and digital address screening - instead of investigators piecing together a sanctions program from multiple point-solution vendors. Our holistic solution allows you to go beyond check-the-box compliance and actively monitor for sanctions evasion by detecting related risky digital addresses or sanctions avoidance-based typologies.