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Out-of-the-box AML&KYC solution for a blockchain business that wants to be certain of every transaction

The smoothest and quickest way to onboard your clients in compliance with the regulatory requirements

The system is designed to collect necessary company and shareholders data for verification:

  • Customizable forms and questionnaires
  • Online client identification
ways ways ways ways
Onboarding... Onboarded

Company

  • Onboarding Initiated
  • Identity verified
  • AML approval
  • Ready to trade

Collected information builds the ground for the KYB risk-matrix to evaluate transactions

Be sure that your clients comply with your AML / KYB policy on a daily basis

Our system thoroughly monitors all shareholders and key personnel of your client and detects if they are in:

  • In a global sanctions list
  • In a politically exposed persons (PEP) list
  • In another custom watch-lists
  • You will be notified immediately if client status changes
KYC re-check... Daily re-check completed

Director

  • PEP check OK
  • Sanctions OK
  • Residence OK
KYC re-check... Daily re-check completed

Director

  • PEP check OK
  • Sanctions OK
  • Residence OK

Increase your cryptocurrency and fiat transaction volumes without a headache related to KYT

When there are a couple of transactions or thousands of them, they are checked in real-time by the multi-factor risk matrix to produce the final risk-score

  • Daily/monthly limit per client
  • Payment country risk for fiat and crypto transactions
  • Suspicious patterns matching
  • Blockchain transaction score and implied risk-factors
  • Company-related custom risks
08-26 03:55:26 Txid: 0egxc5459s0egxc5459s0egxc5459s0egx... flag 1,000.001,000 ETH Risk
deny

Transaction is classified as high-risk due to the fact that 40% of the funds came from the dark web and 60% came from hacking

08-26 03:55:26 Txid: d3ig4v9597930cjgklc60340fkkvkbkdd3ig... flag 100.00100.00 BNB
08-26 03:55:26 Txid: 99910004055419991... flag 200,000.00200,000 EUR
08-26 03:55:26 Txid: elfl50420709vkdclhle59207044793xcelfl... flag 55 BTC

Supported blockchains:

token Bitcoin
token Etherium
token Litecoin
token Tron
token Bitcoin Cash
token XRP
token BSC (BEP20)
token Dash
token Tezos

Coming soon:

token Polygon
token Dogecoin
token Cardano
token BNB (BEP2)
Request other blockchains

Instant exchange in the EU

High volumes
EU regulation

Pain

Solution

You are required to have extended onboarding procedure, and you are drowning in emails requesting missing information

Since there are too many scoring rules and thousands of transactions per day, it is impossible to manually identify every red flag

On a daily basis you need to follow AML procedures and check directors of the companies for sanctions, check them in PEP lists and other registries

Receive alerts on any change in status of shareholders of yor counterparties

Since there are too many scoring rules and thousands of transactions per day, it is impossible to manually identify every red flag

Implemented Know-Your-Transactions procedure on blockchain and wire transfers means that all your transactions with your clients receive standard or high-risk score calculated on multiple factor risk model

Use case 1: Instant exchange in the EU

High volumes
EU regulation

Pain

You are required to have extended onboarding procedure, and you are drowning in emails requesting missing information

Solution

Since there are too many scoring rules and thousands of transactions per day, it is impossible to manually identify every red flag

Pain

On a daily basis you need to follow AML procedures and check directors of the companies for sanctions, check them in PEP lists and other registries

Solution

Receive alerts on any change in status of shareholders of yo counterparties

Pain

Since there are too many scoring rules and thousands of transactions per day, it is impossible to manually identify every red flag

Solution

Implemented Know-Your-Transactions procedure on blockchain and wire transfers means that all your transactions with your clients receive standard or high-risk score calculated on multiple factor risk model

Crypto broker in Switzerland, VASP

Regular high-volume transactions in crypto and fiat currencies.
Operating under Swiss regulation (AMLA)

Pain

Solution

You want to have a structured paperless onboarding procedure, with direct data sourcing for further client risk scoring.

The first component of FinchGuard allows you to conduct robust onboarding by collecting necessary company and UBO data as well as documents in a single window. The process supports various identification methods including SMS and video-ident

‘Travel rule’ compliance (FINMA requirements)

FinchGuard allows you to meet the requirement by performing automatic Satoshi-test (address ownership), incoming transfer address reconciliation, address whitelisting procedure. FinchGuard has integrations with several banks, cryptocurrency exchanges, OTC liquidity providers and digital asset custodians for automatic reconciliation

“Know your transactions” monitoring with multi-factor risk model on digital assets and fiat channels (in accordance with your AML policy)

FinchGuard offers risk monitoring engine for various factors like Daily Limits, 30-days Turnover Limits, Domicile risk and Payment country risk, Pattern matching, along with Crypto-transaction Risk score. KYT works in an automatic way, which suits any business with a large amount of daily transactions

VQF form and MROS reporting automation

Working with KYT module, an AML officer seamlessly switches between high-risk transaction list and their VQF forms, adding required data, commenting and exporting archives with all documents

Storing data in Switzerland

FinchGuard utilises AWS in Swiss region, so all the data is protected, backed up and stored in Switzerland

Use case 2: Crypto broker in Switzerland, VASP

Regular high-volume transactions in crypto and fiat currencies.
Operating under Swiss regulation (AMLA)

Pain

You want to have a structured paperless onboarding procedure, with direct data sourcing for further client risk scoring

Solution

The first component of FinchGuard allows you to conduct robust onboarding by collecting necessary company and UBO data as well as documents in a single window. The process supports various identification methods including SMS and video-ident

Pain

‘Travel rule’ compliance (FINMA requirements)

Solution

FinchGuard allows you to meet the requirement by performing automatic Satoshi-test (address ownership), incoming transfer address reconciliation, address whitelisting procedure. FinchGuard has integrations with several banks, cryptocurrency exchanges, OTC liquidity providers and digital asset custodians for automatic reconciliation

Pain

“Know your transactions” monitoring with multi-factor risk model on digital assets and fiat channels (in accordance with your AML policy)

Solution

FinchGuard offers risk monitoring engine for various factors like Daily Limits, 30-days Turnover Limits, Domicile risk and Payment country risk, Pattern matching, along with Crypto-transaction Risk score. KYT works in an automatic way, which suits any business with a large amount of daily transactions

Pain

VQF form and MROS reporting automation

Solution

Working with KYT module, an AML officer seamlessly switches between high-risk transaction list and their VQF forms, adding required data, commenting and exporting archives with all documents

Pain

Storing data in Switzerland

Solution

FinchGuard utilises AWS in Swiss region, so all the data is protected, backed up and stored in Switzerland

We offer Institutional grade technology

Secure
Reliable
Manageable

Secure

We like to be dull and pedantic when the security is on stake

  • Accounts with 2FA
  • User accounts with different roles
  • All data is encrypted

Reliable

  • Regular backups and data restoration checks, implemented BCM means that your data is safe with us

Manageable

  • Control the process by getting reports on transactions, aggregated results and statistics

In the media

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Our partners

Leading blockchain ecosystem in Switzerland

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Banking partner

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Banking partner

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AML/KYC compliance

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AML/KYC compliance

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Crypto custody

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Cloud services provider

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Our partners swipe

Banking partner

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Banking partner

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Leading blockchain ecosystem in Switzerland

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AML/KYC compliance

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AML/KYC compliance

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Crypto custody

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Cloud services provider

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News swipe

All news in our Medium blog
picDec 23

Merry Christmas and Happy New Year!

We would love to thank all of our clients and partners for being with us and helping us to grow and become better and stronger every day of the year. We must stick together to go through another rough patch. The FTX collapse shows us who is reliable enough and recalls that safety is always on the first place.

picDec 15

What blockchain company needs to be AML compliant?

Now there is no doubt that the crypto industry has fully realized the importance of building credibility, transparency, authority and trust. Decentralized nature of digital assets seems to be a favorable condition for criminals and requires increased compliance, which has prompted many regulatory bodies and policymakers to develop and implement regulations to prevent cryptocurrencies from being used for illicit financing activities.

picDec 13

FinchTrade joins Multichain Asset Managers Association

FinchTrade is pleased to announce that we have joined the Multichain Asset Managers Association (MAMA). We are happy to become a part of MAMA and appreciate the opportunity to influence the development of on-chain asset management.