AML/CTF risk

Decryption has already implemented Anti-Money Laundering (AML) measures to ensure the highest degree of credibility, trust, and compliance within our platform. We understand the unique challenges of the web3 environment, especially the potential for administrative gaps due to the absence of intermediaries. We have responded proactively to this challenge by embedding stringent AML and Counter Financing of Terrorism (CFT) standards into our operations.

By integrating these measures, Decryption plays an active role in the prevention of illicit financial activities. Our AML systems are robust, capable of detecting, preventing, and reporting potential money laundering activities. Equally, they work tirelessly to combat the financing of terrorism.

Our commitment to these standards is not only about maintaining legal compliance. It's also about fostering a safer, more secure ecosystem for our users, providing a level of trust that is essential in the crypto space. With AML and CFT measures in place, we ensure our operations are transparent and legitimate, reassuring our users and stakeholders about the integrity of our platform.

AML/CFT Risk Scoring Decryption scans all of our transactions in real-time, swiftly identifying any potential risks tied to money laundering, unlawful money service operations, suspicious activities, or potential threats. This ensures our operations remain uncompromised and reputable.

Case Management Every decision made regarding our transactions is archived for future evaluation. This approach provides us a valuable resource for any potential regulatory or legal audits, ensuring we have sufficient evidence when needed.

Sanctions List With a single integration of Decryption's API, we automatically scan our transactions against sanctions lists and third-party databases. These include records of scams and hack addresses. If a match is detected, our system promptly determines the risk level associated with any source of funds, enabling us to halt any further processing of that transaction. This process further protects our operations from potential threats and illicit activities.