Infocredit Group, a leading provider of cutting-edge financial solutions, is proud to announce the addition of Ciphertrace, Mastercard’s powerful crypto intelligence provider, to its portfolio of services providing enhanced security and fraud detection for businesses, by utilizing blockchain analytics and compliance solutions.
Ciphertrace offers a suite of innovative solutions which protects not only the crypto industry, including exchanges, wallet providers, and other Virtual Asset Service Providers (VASPs), but also provides tools for financial institutions to help manage crypto related risk. This relationship will allow Infocredit customers access to Ciphertrace’s solutions, which effectively monitor cryptocurrency and digital asset transactions, enabling customers to mitigate risk, protect against fraud, and comply with global regulations.
Infocredit Group’s relationship with Ciphertrace is a significant step toward strengthening the crypto economy and fostering trust in digital transactions. By utilizing Ciphertrace’s powerful analytics and compliance solutions, businesses can operate with confidence, knowing that Ciphertrace solutions are helping their operations to be secure, transparent, and compliant with relevant regulations.
In our relentless pursuit to enhance security and transparency in the world of digital transactions, Infocredit Group’s alliance with Mastercard’s Ciphertrace is a testament to our commitment. We’re harnessing the power of blockchain analytics, fostering trust, and bolstering the crypto economy. Our collaboration is about detecting risks and building confidence in every transaction, Theodoros Kringou CEO Infocredit Group quoted.
Crypto Risk, Due Diligence, & Fraud Detection: Ciphertrace’s advanced algorithms and analytics enable the identification and prevention of fraudulent activities, ensuring enhanced security and risk management for businesses operating in the crypto sphere.
AML, Sanctions, and Travel Rule Compliance: With Ciphertrace’s compliance solutions, organizations can enhance compliance with anti-money laundering (AML) regulations, sanctions requirements, and global “Travel Rule” guidelines, streamlining their compliance processes and avoiding penalties.
Financial Investigations: Ciphertrace’s vast repository of attribution data allows for in-depth financial investigations, tracing crypto addresses to real-world organizations, sanctioned entities, IP addresses, and events. This valuable information facilitates collaborative investigations and supports law enforcement and government agencies in combating financial crimes.
Ciphertrace provides comprehensive training programs to educate organizations on best practices for utilizing the platform effectively. By equipping users with the necessary knowledge and skills, Ciphertrace ensures the optimal utilization of its solutions.
Cryptocurrency Risk and Fraud Controls for Financial Institutions: Armada assists banks, payment providers, and regulators in identifying virtual currency-related transactions for risk and fraud model purposes. By mapping legal names and account numbers to VASPs, Armada enables the effective monitoring and profiling of transactional risks associated with virtual currencies.
Financial Investigations and Blockchain Forensics: Inspector provides a comprehensive platform for financial investigations and blockchain forensics, enabling users to follow transactional histories and explore connections between crypto-addresses, organizations, and events. Integrated case management capabilities empower collaborative investigations, fostering efficient and effective resolution of cases.
Cryptocurrency AML Transaction Monitoring: Sentry enables real-time monitoring of cryptocurrency transactions, leveraging Ciphertrace’s vast attribution data lake. It assigns risk levels to millions of crypto-addresses based on their interactions with suspicious addresses and wallets, ensuring proactive detection of potential money laundering activities.
Travel Rule Compliance for Virtual Asset Service Providers: Traveller facilitates compliance with global “Travel Rule” regulations and Financial Action Task Force (FATF) recommendations. With Traveller, financial organizations and cryptocurrency exchanges can securely exchange required Travel Rule originator/beneficiary information, even with VASPs lacking a travel rule solution.
