The startup offers a compliance tool that analyzes blockchain transactions to enhance transparency and security for financial institutions. By conducting due diligence checks, the platform helps companies monitor virtual currency activities and mitigate the risk of illegal transactions.
Funding
$420K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions and legal professionals face challenges in tracing illicit activities involving cryptocurrencies due to the pseudonymous nature of blockchain transactions. Traditional methods of financial investigation are often inadequate for uncovering hidden crypto assets and ensuring compliance with anti-money laundering (AML) regulations. This lack of transparency increases the risk of fraud, regulatory penalties, and reputational damage.
Solution
VALEGA Chain Analytics offers a suite of tools and services designed to enhance transparency and security in cryptocurrency transactions. The platform provides investigative due diligence and AML services, specializing in crypto investigations for law firms, financial investigators, and VASPs. By leveraging advanced technology, VALEGA helps uncover concealed crypto transactions, trace movements of funds to crypto exchanges, and ensure adherence to legal and regulatory standards. The platform's API-based crypto transaction monitoring service tracks individual blockchain transactions to spot suspicious activities, helping prevent money laundering, terrorism financing, and other illicit acts.
Target Audience
The primary target audience includes lawyers, auditors, financial investigators, Virtual Asset Service Providers (VASPs), and banks seeking to enhance their cryptocurrency compliance, conduct fraud investigations, and perform due diligence.
Features
- Cryptocurrency transaction monitoring via API to identify suspicious activities.
- Investigative due diligence and AML checks to verify individuals and businesses involved in crypto transactions.
- Blockchain forensic investigation for in-depth analysis of transactions related to fraud or illicit activities.
- Litigation support for corporate and private clients, providing actionable insights and strengthening evidence for legal cases.
- Identification of hidden assets transferred to crypto for claimback purposes in bankruptcy and insolvency cases.
- Detection of undisclosed crypto assets in family law (divorce) cases.
- Monitoring of traditional transactions that have moved to crypto exchanges globally.