Anti-Money Laundering Tracking System
Protect your financial transactions' integrity
Invest in safe financial transactions
Prevent fraudsters from faking illegally obtained funds as their legitimate income.
Anti-Money Laundering (AML) handles legal checkpoints to detect, prevent, track and report any kind of money laundering activity. AML is an important tool in the hands of financial institutions and fintech companies. It applies the necessary procedures and regulations to prevent criminals from getting away with illegal funds dressed as legitimate income.
At Spearhead Technology, we handle the specific financial regulations applicable to prevent money laundering activities on an international or local scale. Our blockchain experts are fully aware of global AML laws and regulations. Discover how we deal with money laundering challenges with our innovative AML transaction monitoring systems.
Given the nature of this crime, financial institutions have to keep an eagle’s eye on the transactions and deposits made by their customers. It is critical to mark all criminal activities related to market falsification, drug trafficking funds, corruption of public funds, tax evasions and trading in illegal goods. Given this, fintech companies have to be sure that their clients are not getting tangled in any money-laundering set up.
Use of decentralized networks and immutable ledgers for higher network security
Verifiable ledgers for establishing trust for sensitive data and money movements
Smart contracts to enable system-wide fraud detection and continuous checks
KYC (Know Your Customer) for customer risk assessments and AML compliances