Skip links

Banks Cryptocurrency Exposure Monitoring

Find out if your bank is unknowingly processing cryptocurrency payments for crypto frauds.

Banks Cryptocurrency Exposure Monitoring

Exposure to Cryptocurrency Transactions

Banks are known to stay clear of cryptocurrency companies and individuals who carry out their transactions in digital assets. This may come as a surprise to bank owners, heads and managers but many of these institutions unkowningly process millions of dollars worth of digital asset transactions daily. This poses a serious AML/CFT compliance issue.

Explained: How Cryptocurrency Transactions Slip Through Banks Undetected.

The reason for many banks processing millions of dollars worth of cryptocurrency payments and they don’t know is because they are dealing with unregistered cryptocurrency money service businesses (MSBs) in their jurisdiction.

Daily, banks process transactions from OTC operators, p2p traders, exchangers and these classes of transactions have remained undetected.

These slips continue to happen because banks are ill equiped on how to spot these cryptocurrency exchanges transactions and virtual asset service providers within their jurisdiction and enforce necessary sanctions.

Working with A&D Forensics, we help you set up the structures that make sure these occurrences never happen again and your bank is AML/CFT compliant going forward.

Cryptocurrency Frauds, Scams and Theft

One of A&D Forensics core specialties is in Blockchain analytics for cryptocurrency and data monitoring analysis.

As Africa’s leading Blockchain forensics firm, we have developed strong alliances in the Blockchain-Cryptocurrency sector with other global forensics firms and only make use of Industry leading tools for analysis and data monitoring.

We have extensive in house knowledge of Africa’s crime architecture and we make use of third party partners when necessary.

With all this working for us, we help you trace and investigate cryptocurrency related frauds, terrorism finance and we do this within a short time frame with results.

FATF Guidance for Bank Compliance

It is an open secret that banks undergo rigorous AML/CTF regulations.

The lack of in depth KYC/AML procedures on the part of cryptocurrency exchanges is the major reason why banks have refused to adopt working with them.

At A&D forensics, we diagnose your systems with our leading tools that help to monitor cryptocurrency related transactions and let you know your risk exposure and the funds transferred.

Where slips are spotted, we will support your efforts in investigating crypto related frauds and we would also let you know if you are unknowingly providing banking services to Crypto Merchants, Mining Pools, Cryptocurrency ATM services, Stolen fund from exchange hacks, gambling, OTC Crypto brokers, Sanction evasion and other cryptocurrency related criminal activities.

With the mainstream mass adoption of cryptocurrency, divorce, mistreatment, bankruptcy, financial fraud, and tax evasion are situations in which people often seek to conceal money in the form of cryptocurrency e.g in tax evasion, the participant keeps a bulk of their funds in digital asset with the intention to mislead the government and regulatory bodies and not pay the right amount of tax.

In any of these fraud cases, A&D Forensics can help and provide necessary sanctions.

SERVICES

Explore some other of our services below

Certified Cryptocurrency Investigation(CCI) Training

Learn how cryptocurrency related transactions, crimes are tracked, traced and prosecuted.

Step 1 of 2
Certified Cryptocurrency Investigation Training

Learn how cryptocurrency related transactions, crimes are tracked, traced and prosecuted.

Step 1 of 2
CERTIFIED CRYPTOCURRENCY COMPLIANCE SPECIALIST(3CS)

Learn how compliance could be a competitive advantage to your exchanges with all your AML, CTF, KYC and OFAC requirements.

Step 1 of 2
Smart Contract Audit

To speak to us regarding Smart Contract Audit, please fill the form below. We will make every attempt to respond to you as soon as possible

Call Direct: +2348036180089 | +2349095503040

Section Divider

Get in touch

To speak with us as regards our services, to make comments and ask questions, please fill the form below. We will reply as soon as possible.

Call Direct: +2348036180089 | +2349095503040

LEAD FACILITATOR – CRYPTOCURRENCY INTUITION

Onyekelu Chioma is a passionate and professional teacher with expertise on blockchain and cryptocurrency education. She is a renowned blockchain advocate in Africa with the belief that there are so many career opportunities to be leveraged on in the Blockchain Industry.

Chioma is the Head of Academic and Training, the Crypto Bootcamp Community, and a member of Stake holders in blockchain technology association of Nigeria (SiBAN).

Chioma’s passion for fourth industrial revolution technology has helped her hold key strategic positions in various private sectors, regulating the way for blockchain adoption in the continent of Africa.

As an experienced teacher, blockchain educator, and a cryptocurrency trading coach, she has trained a lot of students and assisted them in identifying their innate skills which enabled them to carve a niche so as to become experts in their chosen blockchain career.

She’s currently a Crypto Forensic Intern at A&D Forensics and undergoing her Masters studies in Blockchain and Cryptocurrency at University of Nicosia

LEAD FACILITATOR – CRYPTOCURRENCY INVESTIGATIONS

Adedeji is a Forensic Investigation Practitioner and CertifiedBlockchain/Cryptocurrency Forensic
Investigator (CFE, CCI, CCFI & Reactor Certified) with more than Fifteen years of experience across few banks within the Nigeria Financial Sector and educator in Corporate workplace settings, Deji is uniquely qualified and involved in forensics analysis of Financial Infractions, Cryptocurrency crimes and designing plans that works for Government, Regulators, Law enforcement. He was appointed by SEC Nigeria as Member Virtual Asset and Fintech Regulatory framework drafting Committee, He is a member of Global Digital Finance’s KYC/AML working group in France and a member of the Industry led Thinktank that worked on and came out with FATF cryptocurrency Travel rule InterMessaging Standard for Virtual Assets (IVMS101) to help combat money laundering and terrorism financing using cryptocurrencies around the globe.
His law enforcement training efforts on new money and cybercrime have seen him train many law enforcement agents in various countriesn i.e Nigeria Police, Nigeria Army CyberWarfare command, Zambia Financial Intelligence Unit, Zambia Central Bank and more.
He is Chainalysis Sole Africa Investigative Partner helping law enforcement investigate criminal organizations using cryptocurrency to conceal illiccit activities across Africa, he is also a training Partner for Blockchain Intelligence Group based out of Canada.

Cryptocurrency Investigation Training

Learn how cryptocurrency related transactions, crimes are tracked,
traced and prosecuted.