MatchSystems - provider of AML, Compliance and Investigations data for crypto industry with the deepest level of real-time exploration

[Gordian]

Brief one.
Can your project help do tracking like this?

Check this:- X

[panich]

@Youngyuppie

Yes, that was the wallet I checked because it’s a default wallet in the platform. Again, when I tried checking my wallet, it was scored 11% for money laundering and I’m not sure that I understand what it means by that. Does it mean that I have been spending much of my money lately that resulted to laundering of my own money Or that I am laundering government’s money or the masses money

There are several options why your address has “money laundering”:

1. Some account was directly caught in illegal actions, reported in the system and then it transferred its funds through p2p platforms and sold to other users. All other users will also receive part of the risk from these dirty funds.

2. The same applies to exchanges/applications/services that accept illegal funds without checks, they can also transfer this risk through their hotwallets, etc.

@Youngyuppie

In a situation where a user’s address has been proofed to be safe after you must’ve considered it a risky address, can the user be able to file for a redress which possibly will come with some fine against you and your team for causing the user some integrity loss/questions?

Our platform only provides information on possible links to illegal activity, the final decision to block funds is made by the exchange based on its internal AML processes.
They decide whether they have sufficient grounds to consider these funds dirty.

If any error occurs, we are ready to promptly re-mark/correct the risk quickly

[panich]

Yes, thank you, this is an interesting case
We will study it

[panich]

@Youngyuppie

Not only him, the information about my balance is equally incorrect and I believe it’s likely the same for others who have tried it here.

Got it, thx for the feedback
We are constantly improving our system and will soon fix it

[panich]

@Gordian

Ops 100% risk score and about 33% Money e.
So in this case what needs to be done?
What else done with such addresses?

Because this address with scanning here, looks
Just like ordinary address
So if one should interact with such addresses
What possible outcome?

There is evidence about this address in the form of screenshots of correspondence . For re-marking, he needs to write to us.
The other addresses that will directly accept funds from him will also receive part of the risk associated with “money laundering” category.

[panich]

@Chizz

I don’t understand what you mean by usually from 1 million dollars. Is it that you can’t help in tracing fraud that is not up to 1 million dollars?

The larger the amount of stolen or blocked funds, the higher the priority for investigation.

@Chizz

Have you had any successful tracking and blocking record of a wallet involving in fraud?

Yes, we have successful cases of returning stolen funds Blockchain Investigations | Cryptocurrency and Scams | Match Systems

[panich]

@manfred_jr

I see, so what are the average timelines for verifying claims of innocence, especially for large transactions? Are there specific criteria that determine how quickly a case is escalated or resolved?

Depends on how many reports are currently being processed + the balance amount on the wallet/transactions or if we are contacted directly through exchanges, etc. to clarify/update the info.

Usually within a few days.

[Chukseucharia]

By saying that 50 percentage is a standard risk, does it mean that no address will fall under 50 percentage in its risk rating?

Again, how do AML checks categorize incoming funds into areas like terrorism, ransom, or sanctions?

[Chukseucharia]

Thank you for giving this clear explanation on your thorough verification before labelling an address as risky. On getting a wallet wrongly marked as risk unflagged I will like to know:

What the process is, for submitting proof that the user is not involved in illegal activity?

Is there a grace period during which users can contest the labeling of their address before actions like blocking transactions are taken?

[Youngyuppie]

@panich

There are several options why your address has “money laundering”:

1. Some account was directly caught in illegal actions, reported in the system and then it transferred its funds through p2p platforms and sold to other users. All other users will also receive part of the risk from these dirty funds.
2. The same applies to exchanges/applications/services that accept illegal funds without checks, they can also transfer this risk through their hotwallets, etc.

Wtf are you saying. Let’s now use my wallet to testrun the accuracy of your platform because most of the transfers I receive with the wallet are from people I know first hand. So, I will like to know which action that resulted to my wallet having money laundering

@panich

Our platform only provides information on possible links to illegal activity,

What this means is that you can’t be sued when a user suffer defamation as a result of a wrong report from you and your team?

[panich]

@Youngyuppie

Wtf are you saying. Let’s now use my wallet to testrun the accuracy of your platform because most of the transfers I receive with the wallet are from people I know first hand. So, I will like to know which action that resulted to my wallet having money laundering

You can send me your wallet, I will check it

[manfred_jr]

Can you elaborate on the specific criteria used to prioritize reports? For example, besides the balance amount and transaction history, do you also consider factors like the origin of the funds?

[Youngyuppie]

Sent you my wallet for a check

[mahreenzahoor384]

How do you plan to ensure the accuracy and reliability of your address markup, especially given the potential false positives?

[panich]

@Chukseucharia

By saying that 50 percentage is a standard risk, does it mean that no address will fall under 50 percentage in its risk rating?

50 percent risk is a neutral value, usually exchanges look at the percentage of a specific category (for example, more than 10% of the funds received are related to terrorism etc.)
There are addresses related to miners, legal exchanges and their risk can be 0-25%

[panich]

@Chukseucharia

What the process is, for submitting proof that the user is not involved in illegal activity?

Is there a grace period during which users can contest the labeling of their address before actions like blocking transactions are taken?

Usually, for proofs it is enough to show the source of the funds and maybe some additional KYC if necessary.
And even if the funds are frozen, you can always challenge this decision.

[panich]

@manfred_jr

Can you elaborate on the specific criteria used to prioritize reports? For example, besides the balance amount and transaction history, do you also consider factors like the origin of the funds?

If I understand the question correctly, we use 70+ different categories to categorize reports. If an address is directly tagged with a category (with evidence), then it takes the full risk of the category regardless of its past history.
If the address then transfers funds to other addresses, then depending on the amount transferred, part of its risk is transferred to them.

[panich]

@mahreenzahoor384

How do you plan to ensure the accuracy and reliability of your address markup, especially given the potential false positives?

There are several mechanisms:

• Cross-Referencing Multiple Databases: We check multiple sources of data to ensure a wallet is genuinely suspicious before flagging it.

• User Reports and Reviews: Legitimate users can often appeal, and we will review the flagged transactions manually if necessary.

False positives are still a challenge, but it is improving accuracy over time.

[Chizz]

Ok I understand it now and I think that this approach will make the newbies involve in crypto fraud to be unsure on whether to reach out when they are victimized on crypto fraud and will make the system unfair. I think what we need is a system that will treat every incident fairly without looking how rich the victims are or the amount that they lost.

@panich

The larger the amount of stolen or blocked funds, the higher the priority for investigation.

That is a good news and I am happy for the success you have recorded in retrieving stolen funds.

@panich

Yes, we have successful cases of returning stolen funds Blockchain Investigations | Cryptocurrency and Scams | Match Systems

Many users are still not aware of your project, what marketing strategy are you using to spread the awareness of your project to the public?

[mahreenzahoor384]

What inspired the creation of this project, and how does it address a critical issue within the Tron blockchain ecosystem?