Scorechain helps UNICEF Luxembourg to monitor cryptocurrency donations with its crypto risk-AML solution




Date: November 4th 2021

Published on: Press Room


AML, crypto AML, Crypto Compliance, crypto donation, Cryptocurrency, Cryptoregulation, Risk assessment, RiskAML, UNICEF Luxembourg, Virtual asset,

Luxembourg – November 4, 2021

Scorechain S.A. donates UNICEF Luxembourg its cryptocurrency analytics suite to monitor cryptocurrency donations.

Scorechain S.A. is a Luxembourgish company providing blockchain analytics tools and risk-AML solutions since 2015. The company mainly serves cryptocurrency businesses as well as financial institutions, and organizations processing crypto funds. As a result, the company has helped more than 200 customers in more than 40 countries to comply with crypto regulations. The solution includes transaction monitoring tools and risk indicators facilitating the prevention of money laundering and the detection of fraud. For an equivalent of €6,000, Scorechain donates its blockchain analytics suite to UNICEF Luxembourg. Consequently, the organization is able to monitor the origin of its cryptocurrency donations.

Founded in 1979, the Luxembourg-based NGO focuses on improving children’s welfare and on raising funds for UNICEF’s projects and programs around the globe. UNICEF works in over 190 countries and territories to save children’s lives, to defend their rights, and to help them fulfill their potential, from early childhood through adolescence.

UNICEF Luxembourg integrates Scorechain’s Blockchain Analytics to monitor the cryptocurrency donations received, ensuring that the funds are safe and reliable. Moreover, through cryptocurrency donations, UNICEF Luxembourg can raise even more funds to help more children worldwide.

Pierre Gérard, Scorechain’s CEO says: “We are very happy to give UNICEF Luxembourg access to our tools for their crypto donations monitoring and to help them raise crypto funds for the organization.

The digital world is developing faster than ever, providing new opportunities to help children around the globe. Scorechain’s donation in kind of its software is an invaluable tool to ensure that cryptocurrencies can be received with the highest level of transparency“, explains Sandra Visscher, UNICEF Luxembourg’s Executive Director.

About Scorechain

Scorechain is a Risk-AML software provider for cryptocurrencies and digital assets. As a leader in crypto compliance, the Luxembourgish company has helped more than 200 customers in more than 40 countries since 2015. The company serves cryptocurrency businesses, 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 detection, 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. Therefore, it is able 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. Also, the wide range of risk indicators allows businesses under the scope of crypto regulations to report suspicious activity to authorities with enhanced due diligence.

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About Unicef Luxembourg

For 75 years, the United Nations Children’s Fund (UNICEF) has been working tirelessly in 190 countries and territories for child rights and for the well-being of every child. Whoever they are. Wherever they live. To help them realize their potential. And we never give up. 

UNICEF Luxembourg, founded in 1979, raises public awareness on the situation of children and raises funds for UNICEF projects and programs worldwide. 

Depending entirely on voluntary contributions, our work is only possible thanks to our donors, our global network of partners and our teams around the world.

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