Report: Review of Bitcoin transactions in terms of ML/TF Risks




Date: April 30th 2021

Published on: Researches & Statistics


AML, AML/CTF, bitcoin, crypto AML, Crypto Compliance, Cryptocurrency, Cryptoregulation, CTF, Risk assessment, RiskAML,

Scorechain released its latest report on Bitcoin transactions during the last 5 years (2016-2020) to give its perspective on the associated money laundering (ML) and terrorist financing (TF) risks.

Download the FREE report here:

It has been more than a decade now that Bitcoin has been released. During this time frame, Bitcoin usage and popularity grew consequently. This resulted in a global price increase of the cryptocurrency such as in late 2017 and especially in early 2021.

With the evolution of Bitcoin usage also comes risks. There have been cryptocurrency scams related to Bitcoin in the last few years. Bitcoin has also been used for money laundering (ML) and terrorism financing (TF) purposes because of its anonymity which can make it hard to trace.

This is one of the reasons why cryptocurrency regulation has been a heated topic for governments worldwide. Governments gradually started to regulate cryptocurrency to reduce the risk of cryptocurrencies being used for criminal purposes, especially for ML/TF purposes.

To give a state of the evolution of Bitcoin transactions during the past 5 years in terms of the related money laundering and terrorism financing (ML/TF) risks, Scorechain team, the Luxembourg-based leading Risk-AML company for cryptocurrencies, analyzed Bitcoin transactions by computing available data in Scorechain Blockchain Analytics database from January 1st, 2016 to December 31st, 2020. The report analyzes for example the general evolution of Bitcoin transactions, the evolution of licit/illicit transactions or transactions at the level of the jurisdiction’s regulation.

Read the full report here:

About Scorechain

Scorechain is a Risk-AML software provider for cryptocurrencies and digital assets. As a leader in crypto compliance since 2015, the Luxembourgish company serves worldwide customers in 33 different countries with more than 150 licenses established, ranging from cryptocurrency businesses to financial institutions with crypto trading, custody branch, digital assets customers onboarding, audit and law firms and some LEAs.

Scorechain solution supports Bitcoin analytics with Lightning Network, Ethereum analytics with all ERC20 tokens and stablecoins, Litecoin, Bitcoin Cash, Dash, XRP Ledger and Tezos. The software can de-anonymize the Blockchain data and connect with sanction lists to provide a risk scoring on digital assets transactions, addresses and entities. The risk assessment methodology applied by Scorechain has been verified and can be fully customizable to fit all jurisdictions. 300+ risk-AML scenarios are provided to its customers with a wide range of risk indicators so businesses under the scope of the crypto regulation can report suspicious activity to authorities with enhanced due diligence.