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AML Platform by Coinfirm Review

6

·

Very good

Revainrating 4.5 out of 5  
Rating 
4.7
Governance, Risk and Compliance, Anti Money Laundering

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Description of AML Platform by Coinfirm

AML compliance and risk management for cryptoassets. Coinfirm’s AML blockchain-agnostic solution is deployed by 200+ global clients for resource-efficient alerts of suspected illicit activities, proper EDD of transaction monitoring and streamlined SARs submission. With 330 proprietary risk algorithms and compliance analysis scenarios, 1,500+ cryptocurrencies supported, 14,000+ blockchain entities monitored and 3 million reports generated daily - the AML Platform covers more of the crypto market than the competition. The AML Platform was designed for use by cryptocurrency exchanges, protocol/coin/token developers and issuers, financial institutions, investment funds, FinTechs, legal and professional services and government FIUs. AML Platform Features; - Behavioral Analytics - Detailed Risk Reports - Case Management - Crypto Crime Detection - Enhanced Due Diligence - Custom Compliance Alerts - Data Discovery - Risk Assessment - Risk Management Risk Indicator Coverage Includes; - Money Laundering Risks - Terrorism Financing Risks - Darknet Market Exposure - Fraud Detection - Bribery and Corruption - Identity Theft - Hackers - Weapon Trade and Trafficking - Market Manipulation - Adverse Media - PEP Screening - Sanction Screening Experience the most powerful data and flexible compliance tools in the crypto industry - power the mass adoption of blockchain with Coinfirm.

Reviews

Global ratings 6
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Type of review

Revainrating 4 out of 5

Convenient Solution For Compliance: AML Platform by Coinfirm

The ease of use, security, and the fact that it is an all in one platform. It is very easy to navigate through the dashboard. I can easily see my risk level and aml compliance status. There are no downsides at this time. If you are looking for a single solution to your AML compliance, look no further. You will not be disappointed. We are able to track our risk levels and keep our compliance status up to date without any issues. We have also been able to identify new risks and areas we need to…

Pros
  • This tool should help provide much needed assistance during times where resources may get limited due too low staffing ratios
Cons
  • None!!! Everything works flawlessly! All systems seem connected

Revainrating 5 out of 5

Intuitive functionality, but needs plugins

The ease of use, the way it is designed to be user friendly from start to finish (even if you are not familiar with software in general). It also has some great features that other similar platforms lack like creating your own rules or having an option to add new assets/currencies without needing to go through third parties. I dislike how limited the functionality can get when using certain plugins. If you want something more robust than what comes included out-of-the-box then this might not be

Pros
  • Easy setup for asset tracking.
  • Ability create customised risk reports
  • Simple interface designEasy enough even though i am somewhat unfamiliar computer wise; very easyTo read instructions provided upon installationVery quick learning curveGood set up documentationHelpful customer service
Cons
  • I will keep silent

Revainrating 5 out of 5

Powerful tool which enables tracking individuals

That it is easy to keep track of relevant data, such as KYC information. The dashboard allows you visualize your progress in real time so that any potential problems can be identified early; allowing them enough lead-time - both internal staff AND customers! There are some bugs with older versions (ease up upgrading) but they're working towards resolving these issues quickly and efficiently. I work at an organization where we deal heavily with cryptocurrencies & Initial Coin Offerings(ICOs)…

Pros
  • Allows me fast response from within one platform vs switching between tabs constantly during each shift

Revainrating 4 out of 5

Convenient Solution For Compliance: AML Platform by Coinfirm

The ease of use, security, and the fact that it is an all in one platform. It is very easy to navigate through the dashboard. I can easily see my risk level and aml compliance status. There are no downsides at this time. If you are looking for a single solution to your AML compliance, look no further. You will not be disappointed. We are able to track our risk levels and keep our compliance status up to date without any issues. We have also been able to identify new risks and areas we need to…

Pros
  • This tool should help provide much needed assistance during times where resources may get limited due too low staffing ratios
Cons
  • None!!! Everything works flawlessly! All systems seem connected

Revainrating 5 out of 5

Intuitive functionality, but needs plugins

The ease of use, the way it is designed to be user friendly from start to finish (even if you are not familiar with software in general). It also has some great features that other similar platforms lack like creating your own rules or having an option to add new assets/currencies without needing to go through third parties. I dislike how limited the functionality can get when using certain plugins. If you want something more robust than what comes included out-of-the-box then this might not be

Pros
  • Easy setup for asset tracking.
  • Ability create customised risk reports
  • Simple interface designEasy enough even though i am somewhat unfamiliar computer wise; very easyTo read instructions provided upon installationVery quick learning curveGood set up documentationHelpful customer service
Cons
  • I will keep silent

Revainrating 5 out of 5

Powerful tool which enables tracking individuals

That it is easy to keep track of relevant data, such as KYC information. The dashboard allows you visualize your progress in real time so that any potential problems can be identified early; allowing them enough lead-time - both internal staff AND customers! There are some bugs with older versions (ease up upgrading) but they're working towards resolving these issues quickly and efficiently. I work at an organization where we deal heavily with cryptocurrencies & Initial Coin Offerings(ICOs)…

Pros
  • Allows me fast response from within one platform vs switching between tabs constantly during each shift