On September 11, OKLink Cloud Chain Holdings, a renowned blockchain technology company, took a key step forward in the field of virtual asset compliance and risk management and announced their new multi-functional and on-chain anti-money laundering (AML) service – OKLink On-chain AML. This AML system is designed for strengthening compliance processes in the blockchain universe through usage of ‘tags’ – unique labels affixed to blockchain addresses. These tags are of crucial importance for detecting and recognizing suspicious pulses, addresses, tokens as well as shadiness.
Users of the service can easily classify between multiple entities, such as crypto whales, smart contracts, exchanges, unauthorized miners and swindlers. What sets the On-chain AML apart are the seamless collaborations of tag data with on-chain data analysis,which favors automatic and continual transactions screening and tracking, thus substantially hastening malicious financial actuality interception in the digital asset domain. At the same time, users have the freedom to modify the AML platform according to their specific compliance standards, risk management regulations or any other legal necessitates.
In addition to OKLink Onchain AML, OKLink Cloud Chain has introduced other tools and services for insuring compliance and fortification in the virtual asset market, including the Web3 data analysis software platform andChaintelligence analysis tool iteslves concentrated on in-chain examination.
