Home Business Anti Money Laundering Solutions for E-commerce and Crypto Companies

Anti Money Laundering Solutions for E-commerce and Crypto Companies


Welcome to Globalradar, your number one anti money laundering and risk rating solution in crypto and e-commerce companies especially.

AML Risk Rating


Automating the Risk Rating Process for Your Entire Client Portfolio.


As the overall landscape of the finance and trade world markets continue to evolve, the need for constant monitoring of individual activity has become increasingly necessary.


Financial institutions must live by a new mantra: Know the Customer.
But that can be difficult to do if you rely on antiquated processes and paper-based systems for client on boarding and risk rating. Leading institutions today leverage automated solutions, like Global RADAR, to make the process easier, quicker and more comprehensive.


Automation ensures that the correct information is collected and that the information is automatically uploaded for multi-level client risk rating.
Our advanced rules and algorithms extend risk rating capabilities well beyond current simplified methodologies. And rather than waiting days or weeks for the results, you’ll know immediately whether you are working with a high, moderate or low risk relationship.

Risk assessment on portfolio level and on individual account level.

Dynamic risk rating: the system observes transaction activity and adjusts client perimeters in real-time.

Recalculate your entire client portfolio in minutes

Workflow process

Integration with the email system for automatic notifications on risk changes

Flexible rules (up 1500 different components)

Let us examine the crypto market in it’s prone nature to aml and other financial fraud activities. The cryptocurrency bitcoin has been moving at lightning speed in the financial world since its launch in 2009. The crypto exchanges are growing day by day. Even the most popular banks in the world are now welcoming to crypto assets. The crypto exchanges also carry some money laundering risks as in other financial sectors, and institutions serving this sector have to protect themselves from these risks. So what is bitcoin laundering? You can find the answer to this question in this blog.

AML Risks of Crypto Exchanges

The cryptocurrency bitcoin is fairly new and popular at the same time. Also, Bitcoin money laundering is a crime that occurred with crypto exchanges. Crypto exchanges are rapidly becoming important in financial systems, and besides financial systems, most people have been curious and researched these markets. Unfortunately, it is a fact that criminals also appeared on crypto exchanges and took advantage of the system’s shortcomings. For this reason, crypto exchanges have become an important field of criminal activity.

The money laundering risks of cryptocurrencies such as bitcoin are very similar to new financial products and technologies in the market. Crypto exchanges are subject to fraudulent activity, it is not clear how they operate, and uncertainty is increasing as these industries rapidly evolve. When we look at the causes of AML crypto risks in crypto exchanges, it carries the risks brought by technology and some fraud risks, for example;

The anonymity of transactions made on crypto exchanges

Security vulnerabilities in the systems

Malicious software (ransomware)

The use of illegal goods and services to pay for terrorist finances

Crypto Exchanges AML Red Flags

As cryptocurrencies are so popular, companies serving crypto exchanges are struggling with AML risks. Due to the lack of oversight and regulation of regulators in the industry, criminals benefit greatly from this sector’s gaps. In fact, this situation is such that money launderers avoid heavy regulations in banks by converting the money into crypto money to clear the funds they obtained from their crimes. Thus the rate of catches decreases. According to the research, the amount of money laundered through the crypto exchange in 2019 is approximately $ 2.8 billion. The majority of these numbers require knowing and understanding AML red flags for crypto exchanges. The report prepared by the Financial Action Task (FATF) in 2020 aims to help cryptocurrency wallet and exchange companies develop AML programs. The main indicators focused on in the report are as follows:

  • Technological features that increase anonymity
  • Geographical risks
  • Transaction size
  • Transaction patterns
  • Sender or recipient profiles
  • Source of funds

All these and more in the crypto space and e-commerce market should make you as a crypto company set up a working aml and risk management software. Contact Globalradar today!


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