Scorechain launches Risk-AML Solution for Tezos to push worldwide compliance adoption




Date: July 22nd 2020

Published on: Press Room, Products


AML, bitcoin, Blockchain, crypto AML, Crypto Compliance, Cryptocurrency, CTF, Risk AML, Tezos, XTZ,

The European leader in crypto AML software, Scorechain officially just launched the risk solution and AML software for the Tezos blockchain and its cryptocurrency XTZ. Scorechain is proud to add its compliance layer to one of the top and most innovative cryptocurrencies and help fulfill regulation requirements including FATF guidance and recommendations.

With the successful release of this new product, Scorechain Blockchain Analytics suite now covers XTZ, Bitcoin (with the lightning network), Ethereum (including all 250,000+ ERC20 and stablecoins), XRP Ledger (with IOU), Bitcoin Cash, Litecoin and Dash. Scorechain users can monitor all these mentioned cryptos, which represents 95% of digital assets by trading volume with 55,000+ identified entities.

Scorechain Tezos Analytics Platform: new AML solution answering the market’s need

Tezos is a public decentralised blockchain capable of self-evolving through an on-chain governance model. Its protocol is based on Proof-of-Stake (PoS) consensus model and its native currency, XTZ, can be used as a store of value and a medium of exchange. Tezos blockchain supports smart contracts and is widely utilized by issuers of digital securities.

Tezos is the first proof-of-stake (PoS) blockchain to be integrated into Scorechain’s crypto risk and AML compliance solution.

Like other platforms in the Analytics suite, Scorechain Tezos Analytics Platform applies a risk assessment methodology and classification for each named entity supporting XTZ trades.

Scorechain provides the risk score at the level of transaction, address and entity based on the source and destination of funds. The fully customisable scoring system allows the users to implement their internal control policy according to their business nature and compliance framework.

Implementing a Risk-based approach for XTZ trades to meet new regulatory standards

The new platform applies more than 350 risk scenarios ranging from entity types/jurisdictions to transaction behaviour patterns which allow the users to configure risk indicators to define their own level of risk appetite and the internal control framework accordingly.

The launch of Scorechain Tezos Analytics Platform will provide more trust to the Tezos blockchain and benefit the adoption, hence, help the Tezos blockchain to develop in a healthy and sustainable way.

With a real-time alert system to achieve ongoing monitoring and a risk AML report system to provide comprehensive reports to authorities, the Scorechain solution is a 360° AML risk management solution.

As stated by Pierre Gérard, Scorechain CEO: “The development of this new tool aims first to answer the market’s need facing the emerging adoption of Tezos; in addition, at Scorechain we are very proud to help the adoption for XTZ and promote legal and compliant trades of the cryptocurrency“.

Scorechain Tezos Analytics helps crypto-related businesses comply with new regulation standards in a risk-based approach implementation. The launch of the new product not only strengthens Scorechain’s leading position in Europe, but also opens up Tezos blockchain to crypto ecosystem players and traditional financial institutions in the wider European and international markets.

With Blockchain Analytics, countries and companies can now follow FATF standards and recommendations regarding the Tezos Blockchain when it comes to Anti-Money Laundering and Counter Terrorisms Financing.

Free trial during this summer for Scorechain customers

Every Scorechain customer can benefit from a one-month free trial during this summer to test Scorechain Tezos Analytics before integrating to their existing license.

Want to add XTZ Risk-AML tool to your company and not a Scorechain customer yet? The company invites you to contact them to try out the solution at

About Scorechain: Specialised in crypto-tracking compliance tools since 2015, the Luxembourgish company provides AML & Compliance solutions for cryptocurrencies. It serves customers worldwide, mainly cryptocurrencies companies, OTC trading desks, ICOs, private banks, audit firms, and custodians. The company serves customers in 29 different countries with 150+ licenses. Scorechain Analytics Suite covers Bitcoin including Lightning Network, Ethereum analytics with more than 250,000 ERC20 and stablecoins, XRP Ledger, Litecoin, Bitcoin Cash, Dash and Tezos. All products are available both on UI and API, with full customization and reporting features. With a powerful and unique scoring system, Scorechain’s products allow traditional finance players and cryptocurrency companies to apply a risk-based approach for this new class of assets and fulfil all new regulation requirements.

Visit our website to know more about Scorechain:

Contact :

Lisa BOUSSARD, Sales and Marketing Team Leader

+352 20 40 80 42 16