AMLBot − checking criminal connections of crypto (Chainalysis for everyone)

[demchukvm]

AMLBot is a handy tool for checking how dirty is your cryptocurrency (its connection with illegal activities).

Since February 2019, we have been helping small and medium businesses comply with international regulations and avoid blocking funds on exchanges.
We show the history of your asset, you make a decision on it.


Why is this needed?

In 2020, the global crypto regulation rules from FATF and AMLD5 came into force. They oblige companies to check the history of cryptocurrency they dealing with.

Therefore, there is now a risk that your account on an exchange may be blocked if you have deposited dirty crypto on it.

Even Localbitcoins started using AML-tool for transaction monitoring.


What are we doing?

AMLBot provides an AML-tool in a convenient and accessible form for everyone.

Do you want to check how dirty are some coins, but can't sign an annual contract with Chainalysis, pay thousands of dollars in advance and go through KYC?
Then AMLBot is a solution for you.


Our advantages:

    Convenient - AMLBot is available in Telegram and on the website
    Fast - enter the address and get the result immediately
    Reliable - we use several AML databases at once, including Crystal from Bitfury
    Cost-effective - pay for as many checks as you really need
    Anonymous - you only need a telegram or any mail to use AMLBot
    Flexible - integrate and customize the conditions of automatic checks using our simple API

Our clients are exchange services, OTC brokers, and any cryptocurrency users.
They receive timely support, answers to questions and up-to-date information from:

- website and blog
- official telegram group with daily communication
- support chat with real people
- LinkedIn
- you can also contact us by bdo@amlbot.com


We are open and will be happy to answer your questions in this thread.

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[LeGaulois]

Hi

On the homepage, it says the first verification is free. However, following my registration, it seems not possible anymore to test it for free as I'm asked to top up my balance account
Is it?

Checking addresses or hash in bulk could a good option by the way

[demchukvm]

Checking addresses or hash in bulk could a good option by the way

Thanks for your suggestion. We are currently adding USDT (ERC-20) to AMLBot, then will try to add bulk checking.

Regarding 1 check for free, you should use Telegram https://t.me/cryptoaml_bot for that. At web-form web.amlbot.com there is no demo, but I sent you promo code for free checks.

[LeGaulois]

For those interested, here's how the report looks.



There are 2 types of verification, 'standard risk check' and 'investigation'. Investigation scans in/out connections to find names

This type of check analyzes all incoming and outgoing connections with the address and finds among them cluster names (e.g., exchange's names). The results table contains the names of connections (clusters), their own risks and the number of intermediate addresses (distance to these clusters)

It works with BTC/BCH/ETH/LTC/TetherOmni

Here is their classification system



I have a question be the way: why ATMs are classified as ⚠ !

[ABCbits]

For those interested, here's how the report looks.
--snip--

Thanks for sharing

I have a question be the way: why ATMs are classified as ⚠ !

My guess is ATM don't require KYC verification

[demchukvm]

For those interested, here's how the report looks.
--snip--

Thanks for sharing

I have a question be the way: why ATMs are classified as ⚠ !

My guess is ATM don't require KYC verification

Yeah, this is right guess, since that ATMs have money laundering risk.

[OROBTC]

...

Your AMLBot is an interesting service that you offer.  I have learned some interesting things I knew little about before.

Highly recommended for those interested.

[slaman29]

Question though how does the AMLbot differentiate the risk between user relations and exchange/wallet relations? If I use Binance and I request a withdrawal to the transaction AMLbot looks at, how is my risk to casino or others looked at when the funds used are obviously from Binance who mixes it with everybody else?

[buwaytress]

Pretty neat, to be fair. It's the first retail AML-centric blockchain analysis tool I've personally come across. Not too sure if the results will raise a lot of false positives though, the way people use wallets (as pointed out above, many use exchanges). I personally use a couple of online services who process txs fairly quickly as my non-critical hot wallet. I suspect these will probably look really bad on analysis.

Went to register to test out myself, but the confirmation email never came:) Guess I've to go Telegram.

Question though how does the AMLbot differentiate the risk between user relations and exchange/wallet relations? If I use Binance and I request a withdrawal to the transaction AMLbot looks at, how is my risk to casino or others looked at when the funds used are obviously from Binance who mixes it with everybody else?

This is the explanation on their "advanced" offer. In short, meaningless for exchange addresses:

This type of check analyzes all incoming and outgoing connections with the address and finds among them cluster names (e.g., exchange's names). The results table contains the names of connections (clusters), their own risks and the number of intermediate addresses (distance to these clusters). Please note! The price for one investigation check is equal to 5 standard checks (15 USDT). If the address is on the exchange (in the cluster), then the investigation is meaningless.

[d.tynnikov]

Went to register to test out myself, but the confirmation email never came:) Guess I've to go Telegram.

Hello. I am a QA at AMLbot.
Thanks for your message. Email notifications were tested on Friday (08/14/20). I've checked it again today and it worked fine.

1. Please check if the email was entered correctly during registration
2. Check if the email was not sent to the Spam folder

If the above mentioned actions did not help, please contact the support chat - https://t.me/amlbot_support_bot

[buwaytress]

Hello. I am a QA at AMLbot.
Thanks for your message. Email notifications were tested on Friday (08/14/20). I've checked it again today and it worked fine.

Thank you, yes, it worked on my second attempt now. Are there any more free offers to test this out (not begging, but if there is, I'd love to look at a couple of transactions)?

Another question, is there a way to use the service to look at a set of txs and auto compare for similar fingreprint/pattern/behaviour as a way of marking them as part of the same cluster?

Also, what's your false positive rate at the moment?

[demchukvm]

Thank you, yes, it worked on my second attempt now. Are there any more free offers to test this out (not begging, but if there is, I'd love to look at a couple of transactions)?

I sent you 2 simple checks in pm, but AMLBot's prices are acceptable for everyone

Another question, is there a way to use the service to look at a set of txs and auto compare for similar fingreprint/pattern/behaviour as a way of marking them as part of the same cluster?

That's one of the clusterisation approaches. In fact, there are even several clustering methodologies.
Here is a very fresh article about clustering https://arxiv.org/abs/2005.14440

Also, what's your false positive rate at the moment?

IMHO, there is no such thing as a false markered address. It's even opposite, AML databases need some time to follow the blockchain in real-time, so there is a slight delay (one-two hours) between "real activity" and risk score rate.
Also, the results of AML checks may change through time, due to constant blockchain activity.

Would be glad to answer more questions)

[mocacinno]

Looks interesting, I wanted to try the analysis on one of my post-coinjoin wallets, but (as described above) only telegram users get one free analysis   I'm not going to install telegram for this sole purpose, nor am i going to spend $3 to scan an address that only received coinjoined funds

Good luck tough, LeGaulois's review showed a very nice product!

[PrimeNumber7]

I want to point out that https://amlbot.com/#price says, under the $300 package:

For exchanges and exchanges. The most profitable package

I would not describe this as the "most profitable package" but rather the "best value" as your customers are not profiting from buying your service, they are paying you to help themselves avoid receiving coin they don't want to be receiving.

I would also point out that I would think most users would probably want feedback on addresses in mass rather than one at a time. As such, I would recommend setting up an API that will return the same information in commna delimited format so your customer can set up automation to stop transactions that meet certain criteria in your report.

You are also offering a "private investigation" that can allow someone to "know who owns the wallet", however this is misleading at best because it is not possible to be able to promise this information. No amount of invetigatory work will allow you to figure out who owns most crypto addresses.

[LeGaulois]

I would also point out that I would think most users would probably want feedback on addresses in mass rather than one at a time. As such, I would recommend setting up an API that will return the same information in commna delimited format so your customer can set up automation to stop transactions that meet certain criteria in your report.

There is already an API, you can generate the keys in the user settings. I can't imagine exchange platforms for example, checking address 1 by 1 manually. It would require a guy doing this all day long.

It's possible also to get an API to use it with a Telegram bot account or a mobile app. They provide all the documentation needed on 'How to'
https://www.notion.so/AMLBot-0ab30d88bd1c4dc3bb6978df63d29e19

[demchukvm]

❗️ Now you can check USDT Tether (ERC-20) in AMLBot

Please mind some limitations for Tether:
- there is general Risk only, no sources are provided;
- you can check wallet addresses only.

Currencies that are currently available for analysis in AMLBot:

BTC
ETH
LTC
BCH
XRP
Tether OMNI
Tether ERC20

[demchukvm]

Now, AMLBot automatically generates a PDF-report for the result of your check every time you screen the cryptocurrency address.

You can find the document below every checking result and in the history of your checks on the website, in Telegram and via API.

We are, at AMLBot, aware of the AML compliance requirements to document monitoring of customers’ transactions. That’s why every PDF-report contains a unique ID, the precise checking time and the last processed block in the blockchain of the selected cryptocurrency.

Therefore, the PDF-report is a great way to confirm the low risk of the assets, and you can rely on it in case of an official request. As the risk of crypto addresses can change over time, you can always find the PDF-report of your previous checks in your checking history.

[demchukvm]

🎉 AMLBot is holding a Bachelor day promotion!

Only today the package for 1000 checks is available with a $50 discount (+ your discount).

You can get the promo package in the menu of @cryptoaml_bot in Telegram or on https://web.amlbot.com/account/balance

[demchukvm]

web.amlbot.com is our new website for checking crypto addresses for connection with illegal activities.

The website has become more convenient and now ♦️2 checks of the general Risk Score are available to new users for free after registration.

Now you can use all AMLBot functions in one convenient interface:
   

•     Check the Risk score of addresses and transactions
•     Detailed analysis of the Risk sources
•     Investigation of the source’s names
•     Profile with your referral link and the API key
•     PDF-report

You can register at web.amlbot.com by email, Google account and Twitter.

PS: choose our banners “Protected by AMLBot” at web.amlbot.com/banners and add them to your service to get some bonuses from us. Please contact our support at or info@amlbot.com.

[Inagame]

How much addresses can we check with your telegram bot for free? Just one?
I think you should offer more free checks per month.