BullSwipe and AMLBot: how crypto transaction screening works
BullSwipe previously announced the integration of AMLBot monitoring tools. Crypto transaction screening examines wallets and activity for risk indicators to support review; it cannot guarantee that every risk is detected.
By BullSwipe
Why look at a crypto transaction?
A crypto transfer has more to it than an amount and a destination. Screening tools can examine wallet and transaction information for signs of risk, helping a provider identify activity that may need review.
BullSwipe’s original AMLBot announcement described the integration of monitoring tools into its payments infrastructure. Here is what screening means and why it matters.
What does AMLBot do?
AMLBot provides crypto compliance tools, including wallet screening and transaction monitoring. These tools help businesses examine available blockchain information for risk indicators.
For example, a provider may want to understand the risk associated with a wallet involved in a transfer. Screening can supply information for that assessment. A result supports a review; it does not remove every risk or guarantee that a transaction will be approved.
Why is screening part of crypto compliance?
Anti-money-laundering work aims to prevent financial services being used to move funds linked to crime. The FATF’s virtual-asset guidance explains the broader role of customer checks, record keeping and suspicious-transaction reporting.
A vendor’s services explain what its tools can do. BullSwipe’s announcement describes its published integration; it does not provide a complete specification of the tools or settings in use.
Does screening replace identity verification?
No. Identity verification concerns the person using an account. Transaction screening examines activity and related risk. Login security concerns who can access the account.
BullSwipe requires identity verification, and you must keep account credentials confidential. Our account-security guide explains the three roles with practical examples.
Where can you ask about your own account?
For published account information, start with Custody & security. For a question about your own account or activity, contact support@bullswipe.com.
A screening article can explain the concept. Support is the route for an account-specific question; a technology announcement cannot tell you the outcome or timing of a particular review.