AUB News

The topic proved to be extremely relevant for banks and non-bank financial institutions, as most complex schemes today—from fraud to terrorist financing and sanctions evasion—involve cryptocurrencies.

The AUB event brought together more than 100 financial market professionals interested in special training for working with virtual assets.
One of the modern technical solutions actively used to analyze transactions with such assets is Crystal Expert from Crystal Intelligence, a company working in the field of compliance, financial monitoring, and crypto crime investigations.

During the webinar, Crystal Intelligence trainers demonstrated how crypto monitoring works. Crystal analysts showed how to combine individual crypto wallets into entities and identify wallet owners, such as crypto exchanges, financial services, organizations, or individuals. The platform also allows you to calculate the risk score of each address, taking into account transaction history and links to sanctioned or high-risk services (gambling, betting, darknet, etc.). For financial institutions, this means the ability to not only see the fact of cryptocurrency receipt, but also to understand its origin, counterparties, and potential regulatory risks.

Separately, real cases from Crystal Intelligence's experience were demonstrated. Using the example of the crypto activity of a pro-Russian blogger and a neo-Nazi group, it was shown how the platform allows:

• find hidden wallets used to collect donations and pay for advertising;
  
  
• assess the amount of funds collected in cryptocurrencies and stablecoins;
  
  
• track transaction chains and routes for withdrawing money to centralized exchanges;
  
  
• detect address substitution schemes for donations and malicious software that redirects funds from volunteer accounts.

Crystal Expert provides multi-chain analysis (Ethereum, Tron, Polygon, etc.), works with tokens (USDT, USDC, etc.), shows the fiat value of transactions on the date of the transaction, and also contains legal information about crypto services: licenses, regulators, jurisdictions. The VASP Check module allows monitoring exchanges as market participants: transaction volumes, share of high-risk activity, presence of sanctioned addresses, and sudden changes in behavior.
For Ukrainian banks and non-bank financial companies, such modern tools are indeed becoming a crucial part of the compliance infrastructure. They strengthen AML/KYC procedures, improve the quality of financial monitoring, help to respond quickly to risky crypto activity, and facilitate effective interaction with law enforcement agencies.

The Association of Ukrainian Banks will continue to systematically promote the professional competence of financial market participants, particularly in the field of virtual assets. The AUB will continue to support its members' access to innovative solutions and analytical platforms that will increase the resilience of the financial sector and help the market effectively combat financial crime.