Reduce risks with real-time screening and automated monitoring
Crypto companies must have robust AML and fraud prevention processes to verify the identity of every sender and beneficiary and ensure no illegal activities such as money laundering, fraud, or terrorist financing.
To stay in compliance with global AML regulations, crypto assets, wallets, and exchanges are expected to submit suspicious activity reports (SARs). Adding to the pressure, cryptocurrency anonymity and high-risk models have led to enhanced supervision by auditors and banking partners.
Skylight’s AI-driven solution ensures crypto companies comply with regulatory expectations across various jurisdictions by helping them quickly identify risks before becoming threats and protecting their reputations with banks and customers.
Skylight offers an end-to-end solution that effectively addresses the challenges crypto companies face in the following ways: