GetBlock: service for AML verification of cryptocurrencies

Transfers from regulated crypto exchanges are considered the safest. These platforms use their own tools to check coins for “purity” or interact with partner services. AML functions have also been implemented by many exchanges and decentralized platforms.

If an incoming transaction is assigned a high risk level, it will be blocked.

To get the money back, the user will have to explain its origin by providing supporting documents. The wallet can also be blacklisted and blocked. Therefore, many people prefer to make sure in advance that the cryptocurrency has not been used in illegal transactions.

How GetBlock’s AML checker works

The service assesses the risk level of cryptocurrency transactions and wallets. The option is available to registered users. The instructions are as follows:

1. Authorize on the website.
2. Copy the TxID of the transfer or the public address of the vault.
3. Paste the data into the search engine on the GetBlock homepage. You can also use the quick check form in your account.
4. Wait for the scoring results. Analysis can take a few minutes, more often it is faster.
5. On the page with the data, click on the button “Check transaction” or “Check wallet”.

The result of the analysis will appear on the screen. After studying, you can generate a brief report on the check and get a link to the page. The corresponding buttons are in the block on the right.

You can also download a pdf file with the report. The button to download the document is at the top of the screen.

Screening result

GetBlock provides complete information about the cryptotransaction. The AML verification result includes:

• Data about the sources of the digital currency.
• General technical information.
• The percentage of “clean” and “dirty” coins.
• The amount of the risky asset.
• Addresses of previous senders and receivers of digital currency.

Based on the data obtained, the risk level is automatically determined. Evaluation criteria can be viewed in the table.

When verifying cryptocurrency wallets, all transactions in which the address was involved are analyzed. The algorithm determines the percentage of funds that came from dangerous and suspicious sources. As a result, the level of risk when interacting with the account is established. The evaluation criteria are the same.

Dangerous sources include mixers, illegal casinos, stolen assets, fraudulent projects and other sites related to illegal activities. Cryptocurrency ATMs, unlicensed exchanges, P2P services without KYC or located in jurisdictions not under control with FATF are considered suspicious.

If an address has received most of its coins from unreliable sources, it is automatically at risk.

Information about it will be recorded in the general databases of AML services. Subsequently, a deposit from such an account can be blocked by an exchange or exchanger.

Tariffs

GetBlock offers beginners to test the service for free. Regular users can also get bonus opportunities for AML-scoring by being active in social networks. For regular scoring, you can purchase scoring packages of different sizes.

AML-bot in Telegram

For the convenience of users GetBlock developers have launched AML-scoring service in the popular messenger. You can switch to Telegram-bot from your personal account or from the main page of the site. Checklist for checking coins for “purity”:

1. Open the bot from the link. To launch it, click on the Start button.
2. To get started, you need to link your Telegram account to your user profile on the GetBlock website.
3. To start scoring, select the /check command.
4. Specify the type of scoring – “Address” or “Transaction”.
5. Select a digital currency from the list of available ones.
6. Enter the address of the storage or TxID of the transfer.
7. The scoring result will be uploaded to the bot chat.

You can copy a permanent link to the scoring result. The information will also appear in the log on the GetBlock website. There you can also view the monitoring details and download the report.

Registration

To get access to the full functionality, you need to create an account on the site. The instructions are as follows:

1. On the main page, click on the “Registration” button.
2. In the new window, enter your username, e-mail and password.
3. Give consent to the processing of personal data (check the box).
4. Click on the “Register” button.
5. You can also authorize using an account in social networks (Google, VK).

Registration data will be sent to the linked e-mail. You will also receive a welcome letter with a description of the site functions and an offer to conduct the first free AML-check. You do not need to confirm your e-mail address. The account is ready to work immediately after registration.

Personal account overview

After the first login to the platform, it is recommended to set personal profile settings. You can specify the user’s first and last name, link social networks, activate sending the results of AML-checks to e-mail or Telegram.

If authorization was performed using a Google or VK account, you can set a password to enter the site. To do this, you need to select the appropriate option, enter and save the data. To manage the account, the following sections are available:

• “Check log”. To quickly find the result, you need to enter the TxID of the transaction or the wallet address. You can also filter the list by cryptocurrency ticker, risk level, check dates.
• “Wallets”. You can add any number of addresses to track incoming transfers and check them for AML compliance.
• “My Packages.” The page displays paid and bonus checks. You can track the expiration date of the package.
• “Payments.” In the section, you can select a rate and get free checks. Transactions are recorded in the table.
• “Bonus Program.” GetBlock users have several ways to get free checks. You can familiarize yourself with them in this section.

In the upper part of the personal cabinet there are counters of completed and available AML-checks. From any section you can go to the page with tariffs. To do this, click on the “Buy a package of checks” button.

GetBlock works with individuals and legal entities. With corporate clients, official service agreements are concluded. Exchangers, wallets, exchanges can connect API. It is not a complicated process, at each stage of which the service specialists help.

Bonus program

Registered users of the platform can receive free opportunities for AML-scoring for activity. Terms of participation in the bonus program:

• Leave a review on social networks. For a written comment you can get 10 bonus AML-scoring opportunities. For a video testimonial – 100.
• Activate a promo code. Bonus combinations are regularly published in GetBlock’s Telegram channel and social accounts.
• Show activity in social networks. For example, subscribing to the channel in Telegram provides one free scoring opportunity. New tasks appear every month.
• Invite friends. The referral link can be copied in your personal cabinet. The service accrues 20% of payments from invited users. This money can be spent on buying packages or withdrawn.

Tech support

You can contact the operator by e-mail. The technical support staff answers users’ questions on a first-come, first-served basis. When purchasing PRO and “Maximum” tariffs, clients of the platform are connected to Telegram chat with a dedicated manager.

Frequently Asked Questions