AML Transaction Monitoring

Anti-Money Laundering – Transaction Monitoring Platform, Powered by Blockchain Technology

Tokenize Pro

Turnkey White-label Securities Tokenization Platform and
Digital Asset Marketplace

Blockchain Labs

Blockchain Innovation Centre
for Institutions looking
to harness Blockchain Technology

Anti-Money Laundering Transaction Monitoring

Money laundering has a staggering impact on the global economy – estimated to be worth around $2 trillion, anywhere between 2 and 5% of the world’s GDP is lost due to money laundering. Anti-money laundering (AML) solutions and regulatory policies in place are unable to seize most of the illicit financial transactions taking place around the world – only about 1% of the amount is seized by the authorities.

Despite countries and financial institutions worldwide spending over $8 billion on AML compliance in 2017, it is not possible to enforce policies effectively enough to plug holes in global financial systems. Rapid advancements in technology make it even more challenging for existing AML solutions to fight against the rising incidence of money laundering. Aging and traditional solutions are no longer enough – not only are they ineffective in countering money laundering in present day, but will also be insufficient to tackle the problem in the future.

A new approach offers an elegant solution.

Blockchain for AML Transaction Monitoring


An AML solution built on the blockchain can leverage its features of decentralized, cryptographically secure and immutable logs to identify and stop suspicious transactions effectively. ‘Smart contracts’ can be inbuilt into a distributed blockchain-based solution, which can be used by financial institutions to securely parse data through an AML engine. The automation of this process not only improves overall efficiency but reduces the likelihood of missing/ignoring suspicious transactions.

AML - Transaction Monitoring
 

Each financial institution that would be a member of such a system can serve as a node within the private permissioned blockchain network. These nodes will then have access to the network directory and can also use the smart contracts feature to record transactions on the blockchain.
Regulatory authorities, risk officers, auditors and other relevant stakeholders too can use such a blockchain-based AML solution to monitor complex transactions in an automated and effective manner. The immutable nature of the blockchain makes it impossible for criminals to tamper with the logs, so the audit trails of suspicious transactions too can be recorded and maintained in a secure manner.

Visit our solution website at www.amlcentral.com or click here to download the presentation and read more about our AML – Transaction Monitoring Solution; powered by Blockchain Technology.

Tokenize Pro - Turnkey, White-label Securities Tokenization Platform and Digital Asset Marketplace

The cryptocurrency market has seen exponential growth since early 2017. Start-ups have raised close to $6 billion by issuing new digital tokens, resulting in more than 1,000 virtual currencies. Dozens of crypto asset hedge funds have been formed, managing an estimated $2 billion in capital. And, yet we are only at the beginning and a long way from realizing the full potential of the emerging token economy. Tokens could represent everything of value - physical goods, loyalty points, real estate, creative productions (works of art, music, etc), service leases and time-shares, securities, and a lot more. Tokenizing securities, financial instruments, and assets will have a profound impact on the world, especially financial markets.

Security and asset-backed tokens provide for:


 

Security Tokens are poised to revolutionize the traditional finance world - liberating trillions of dollars worth of non-liquid assets, raising new capital and creating all-new secondary markets - on the Blockchain.

With Blockchain Worx's Tokenize Pro, businesses can now build their own vibrant token marketplaces to participate in this new medium of value creation and exchange. Tokenize Pro offers a turnkey white-label Securities Tokenization platform and Digital Asset marketplace allowing institutions to tokenize securities/real world assets and manage the whitelisting, sale and distribution of these security tokens in an effective and compliant manner. With integrated registration, KYC, approval and reporting functionality, institutions can be sure to tick all the boxes and comply with relevant regulations; while building out vibrant primary and secondary markets for previously illiquid assets.

Tokenize Pro - Turnkey White-label Securities Tokenization Platform and Digital Asset Marketplace

 

Click here to download the presentation and read more.

Blockchain Labs - Blockchain Innovation Centre

Blockchain is a native digital technology that is setting up the financial-services industry (along with others) for significant disruption - or crucial transformation, depending on which side of the table you look at it from. While most blockchain applications are still in their early days, distinct categories of use cases have begun to emerge, with numerous projects now moving beyond the ‘concept/idea’ phase. Blockchain use cases are often exciting to explore and research, however it’s important to also understand the gap between the potential and tangibility of implementation.

Blockchain Worx has designed a Blockchain Innovation Center to help institutions understand and harness the potential of the technology. With a bouquet of tools and a select set of relevant PoC demo applications, any enterprise can have its OWN Blockchain Innovation Lab in a matter of days. The tools and applications are carefully selected to ensure relevancy, aid with understanding the potential of the technology and help the organization evolve applicable use cases.

Blockchain Labs - Blockchain Innovation Centre
 

Designed as an out-of-the-box solution and hosted in the cloud, the lab helps institutions get hands-on with Distributed Ledger Technology and engage in this new, quickly emerging digital paradigm. Explore & play around with the Blockchain Innovation Centre hosted here or Click here to download the presentation and read more about Blockchain Labs.

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