What does the AMLBot check show?
The basic AMLBot check result includes risk score percentage,
sources of risk, and belonging to the blacklist.
In addition, the
check result may include various optional information about the address,
such as belonging to the cluster, actual balance, and transferred funds
amount.
The check result may be incomplete in relation to the
described data if the necessary information is missing.
Please note
that for blockchains that are in the limited mode, clustering and percentage
value of the check risk score are not available. A risk score can be
provided for a counterparty only if it relates to an entity.
What does the percentage risk score mean?
The overall risk score (percentage) is the probability that
the address is associated with illegal activity.
AMLBot finds
connections of a checked address to other addresses on the blockchain and
with entities of different categories, each with a different conditional
risk score, and calculates the overall risk score based on those
connections.
The overall risk score calculation takes into account
the risk severity of connections found. For example, in the case of
connections to entity categories Mining (0% risk) and Darknet (100% risk),
the risk impact of Darknet, as a more risky category, will be higher, and
Mining will have less weight in the risk assessment.
What do the sources of risk mean?
AMLBot checks the specified wallet address for connections to
known blockchain services - entities. AMLBot conventionally groups these
services into groups with different risk levels of illegal activity - entity
categories.
The AML check shows the connections of the checked
address to these entity categories as the sources of risk, with which the
address interacted, and the percentage of funds transferred from/to these
services.
Based on all the sources of risk, an overall risk score is
calculated, which helps the user to make further decisions about the assets.
What is the difference between an address and a
transaction checks?
An address check is an analysis of all its connections to
other addresses and entities on blockchains, considering incoming and
outgoing funds movement.
A transaction check process differs from
the address check, and the result depends on your side in the transaction.
The overall risk score always relates to the counterparty.
To check
a transaction you need to specify the TxID and the destination address of
the transaction and select your side in the transaction:
- Recipient
(you got a deposit to your wallet) - the addresses from which the funds were
received are checked. The sources of risk describe the services from which
the TX senders accumulated the transferred funds with a percentage
breakdown.
- Sender (you made a withdrawal from your wallet) - the
wallet that received the funds is checked. The sources of risk describe all
connections of the recipient address with a percentage breakdown.
Thus, when checking a transaction, the risks for the recipient are checked
if you receive funds, and the risks for the sender if you send funds.
How do I understand risk assessment?
Each client determines for himself what percentage of risk is
acceptable for him. Conventionally, the risk score can be divided as
follows:
- 0-25% is a clean wallet/transaction;
- 25-75% is the average level of risk;
- 75%+ such a wallet/transaction is considered risky.
It is also worth paying attention to the red sources of risk in the detailed
analysis, described in
page
What cryptocurrencies does AMLBot analyze?
AMLBot supports all major blockchains and tokens on them. We
are constantly adding support for additional cryptocurrencies. You can
always check the up-to-date list of supported cryptocurrencies in
web dashboard
or in
API Documentation
.
How does AMLBot help to protect you against blocking?
By checking counterparties' wallets before a transaction, you
can reject their assets if the risk score is high. Also, before transferring
funds to other services, you can check your wallet address and save the
result (make a screenshot).
If the check shows that your assets had
no connection with illegal activity and the service blocked you, you can
provide the saved result to confirm the purity of your assets.
The risk is higher than 50%, but I am certain that the
address is reliable. What to do?
The check results are based on the international databases,
which are constantly updated. So an address that had 0% risk yesterday may
have received or given the asset to a risky counterparty today. In this
case, the risk score will change. If you want to be sure of the result and
determine what the cause of the high risk is, we can do a detailed check for
you. To do it, email us at
[email protected]
How often are checks recommended to do?
An answer to this question depends on your unique risk model.
The general recommendation would be to perform an AML check every time you
interact with an unknown wallet or a smart contract.
How quickly is the balance replenished?
After transaction confirmation, the balance is replenished:
• up to 10 minutes if the payment was made within 24 hours after the
invoice was issued,
• up to 25 minutes if the payment was made after 24
hours after the invoice issuance. Overall, BTC, ETH, USDT, and fiat are
processed faster than other cryptocurrencies.
What happens if I don't use all my checks each month?
If you purchased checks without expiration date - they remain
in your account, and you can use them at any time.
If you purchased
checks with a time limit - they will be deducted from your account after
expiration date.
What if I will need more checks?
You can buy additional checks as needed. The number of checks
is always displayed within your user information.
How does AMLBot ensure data protection?
AMLBot safeguards data by adhering to rigorous standards, as
validated by our ISO 9001 and ISO 27001 certifications.
Our ISO 9001
certification highlights our commitment to delivering consistent quality and
enhancing customer satisfaction. More crucially, our ISO 27001 certification
demonstrates our dedication to maintaining high standards of information
security, ensuring the protection of sensitive data, and achieving
regulatory compliance.
Learn more about our certifications
here.