Proof of source of funds for cryptocurrencies
A proof of funds for cryptocurrencies is often required by banks or other financial institutions to verify that the money used to purchase cryptocurrencies originates from legitimate sources. Demonstrating the origin of funds is an essential part of efforts to combat money laundering and terrorist financing, ensuring that the money does not stem from illegal activities such as drug trafficking, theft, or other criminal actions.
We support you in meeting and maintaining your due diligence obligations. In our Proof of Funds for Cryptocurrencies report, we provide a graphical representation of digital asset transactions on the blockchain, mapping all entities your client has interacted with — such as exchanges, payment gateways, mixing services, and darknet marketplaces.
This enables a comprehensive risk assessment of the transactions and, in the best case, the issuance of a certificate of non-objection. In addition to the report, you will receive all transaction data in both raw and refined (readable) formats.
When converting digital assets back into fiat currency
When withdrawing from cryptocurrency exchanges to a bank account
For securing over-the-counter (OTC) trades
Traceability of digital assets
Exchanges with AML and KYC procedures
Red flags
Risk assessment of wallets
Balance sheets
The discovered results will be provided to you in the form of a comprehensive and legally sound report.
Would you like to learn more about our “Proof of Funds for Cryptocurrencies”?
Send us a message or schedule a free initial consultation.
We’ll get back to you within 24 hours to discuss the next steps.
