Scorechain: Blockchain Compliance & Monitoring

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What is Scorechain?

Scorechain is a leader in blockchain analytics and cryptocurrency transaction monitoring, offering tools to ensure compliance with anti-money laundering (AML) regulations.

Launched in 2015 and based in Luxembourg, Scorechain helps users, including financial institutions, law enforcement, and cryptocurrency businesses, navigate the complexities of blockchain transactions.

The platform provides a comprehensive solution for screening and analyzing digital asset transactions to prevent and detect suspicious activities.

Features of Scorechain

Crypto Wallet and Transaction Screening: Real-time screening of transactions across multiple blockchains.

Customizable and Predictive Alerts: Tailored alerts to efficiently monitor transactions and potential risks.

Exploration Tool: A deep dive tool for detailed transaction analysis.

Know-Your-Address and Know-Your-Transaction Reports: Simplifies compliance by providing detailed insights on transactions and addresses.

VASP Risk Assessment: Offers risk assessments of Virtual Asset Service Providers to maintain compliance standards.

Pros of Scorechain

Comprehensive Coverage: Supports over 23 blockchains and more than 10,000 digital assets, ensuring broad monitoring capabilities.

Customization and Integration: Highly customizable and integrates seamlessly into existing systems.

Automated Monitoring: Helps maintain compliance proactively through automated monitoring and reporting.

Cons of Scorechain

Complexity for Beginners: The wide range of features can be overwhelming for newcomers or small-scale users.

Pricing: It may be expensive for small businesses or freelancers.

FAQs

What typical users does Scorechain cater to?

Scorechain is designed for various users, including small businesses, financial institutions, law enforcement agencies, and regulatory bodies. It provides the necessary tools to monitor and ensure compliance in the crypto asset sector.

Does Scorechain offer an API?

Scorechain does not currently provide API access for integration. This may limit some advanced users or developers who wish to directly integrate Scorechain’s capabilities with other systems.

What languages does Scorechain support?

The Scorechain platform is available in English, catering primarily to an international user base.

What level of customer support does Scorechain offer?

Scorechain offers support through email and a help desk, ensuring that users can get assistance with issues related to the platform.

How does Scorechain maintain compliance with current regulations?

Scorechain continuously updates its compliance features to adhere to the latest regulatory requirements, making it a reliable tool for organizations needing to maintain high compliance standards.