The crypto monitoring software helps financial institutions combat crypto crimes. The software can adapt as per the changing requirements and shape the AML transaction monitoring process as per the evolving risks and changing regulatory compliance.
By understanding the red flag in the crypto transactions and implementing it into the system, the software can help in meeting the regulatory requirements, mitigating the AML risk, and filing accurate SARs.
Velocity’s crypto monitoring software helps to understand, evaluate, and mitigate the risk associated with crypto transactions. It helps businesses to make informed decisions by detecting suspicious activities, identifying high-risk transactions, and generating reports.