Crysk

Crypto and Risk, make Crysk. Crysk is a crypto risk consulting firm. We protect banks from the financial crime dangers of crypto. While the crypto industry is maturing at rapid pace due to technological, regulatory and market developments, we also see crypto being increasingly used in almost all aspects of financial economic crime: fraud, money laundering, sanction evasion, tax evasion and terrorist financing. Criminals are exploiting crypto's key benefits like (pseudo)anonymity, decentralization and instant international settlement to their advantage, increasing complexity for detection through mixing services, chainhopping and the use of geographies with lax AML regimes. More than ever should banks upskill their FEC operations and compliance in order to detect and prevent financial economic crime of their clients with crypto: effective transaction monitoring, clear policies and guidance for KYC analysts and investigators, proper training, efficient tooling, trustworthy management information and clear communication with internal and external stakeholders. Additionally, it should be done risk based, and cost effective. Is your bank already in control? A good first step is to run our Crysk Scan. It will provide your organization a clear overview of potential gaps and the actions needed in order to fully protect your bank from the financial crime danger of crypto. Already aware of the key issues and you need help to execute solutions? Reach out and see how Crysk can support your organization, just like we did with Rabobank and ABN AMRO Bank in the Netherlands. Send an e-mail to info@crysk.eu. Also possible to call on +31 6 12 62 38 33. Looking forward to connecting!