VALEGA AML

VALEGA AML is a compliance solution offered by VALEGA Chain Analytics. According to the vendor, this software is designed to assist organizations in assessing and complying with financial regulations, specifically Anti-Money Laundering (AML) requirements. It is aimed at small to large organizations operating in the financial industry, including banks, cryptocurrency exchanges, fintech companies, and other entities dealing with virtual assets. The product offers a range of features that can benefit professionals in financial institutions, regulatory bodies, compliance, and the cryptocurrency industry.

Key Features

Transaction analysis: According to the vendor, organizations can connect to the software through an API to analyze transactions in real-time. It provides instant notifications and data on account assets, and allows for customized parameters to fit the specific needs of the company.

Risk assessment: The vendor claims that the software offers automated color-coded risk assessments on transactions. Users can customize risk assessment parameters and gain a quick and easy overview of transaction risks.

Cooperation: The software facilitates the sharing of transaction information with the VALEGA Shield Network. According to the vendor, this creates a wider environment for compliance by promoting data sharing. It also helps organizations stay informed about potential threats and scams in the cryptocurrency environment.

Reporting: The software automatically generates transaction and account statistics reports, providing organizations with a better understanding of blockchain networks. According to the vendor, this helps monitor and analyze activities for compliance purposes.

Forensic Pathfinder: According to the vendor, this feature offers real-time tracking and historical pattern visualization of blockchain networks. It provides an easy-to-use visualization tool for a deeper understanding of blockchain networks. The software also facilitates investigations by allowing users to conduct automated live investigations and enables the sharing of information between users for cooperation in forensic investigations.

Forensic Support: The vendor claims that the software provides expertise and support for organizations in responding to cyber incidents. It helps with Source of Wealth due diligence checks on customers with larger quantities of crypto assets and offers means to easily check Proof of Funds when needed. The software also produces court-worthy non-tangible data and extensive due diligence reports for legal representatives.

VALEGA Compliance Certificate: According to the vendor, the software provides a signed document acknowledging the use of VALEGA as an AML compliance partner. This certificate can be used as official proof of having an AML monitoring tool when applying for or renewing licenses with regulators.

Collaboration (Shield Network): The software promotes collaboration with partners to create a safer compliance environment. It acquires data from private users, enterprise entities, and other cryptocurrency platforms, according to the vendor. This collaboration aims to change the mainstream image of cryptocurrencies through cooperation and data sharing.

Track asset flows: The software accesses non-tangible data to track and compile transaction statistics. According to the vendor, it provides information on the current amount of money in an account or wallet and shows the historical records associated with transactions and the destination of the largest amounts of money.

Automate risk assessment: The software generates colored graphs based on the risks posed by each transaction. According to the vendor, it provides an easy overview of the monitored network and allows customization of transaction parameters for personalized risk assessments.