if you mean this wallet Nobitex.ir (Match Systems) , then it is possibly under the jurisdiction of a country that is potentially under sanctions and these funds can be blocked on the exchange like binance and etc
We try to thoroughly check all reports and address labeling, each such address must have at least justification that it is involved in illegal activity (screenshots of proofs with illegal activity, publication on police websites, etc.).
In any case, if there is an incident during verification, you can always pass on information that you are not a fraudster, so that your address is no longer considered risky.
Welcome to the hackathon season 7
I have interest in your project because of its fight against fraud. I searched for my wallet and it was marked 50% risk score and I donât know what this means. In my confusion, I came up with this question for you
Greetings!
50 percent is a standard risk, everything is ok with the address, dont worry.
Usually during AML checks they look at the excess of the percentage of incoming funds for a certain category (terrorism, ransom, sanctions, etc.)
We try to thoroughly check all reports and address labeling, each such address must have at least justification that it is involved in illegal activity (screenshots of proofs with illegal activity, publication on police websites, etc.).
In any case, if there is an incident during verification, you can always pass on information that you are not a fraudster, so that your address is no longer considered risky.
Yes, that was the wallet I checked because itâs a default wallet in the platform. Again, when I tried checking my wallet, it was scored 11% for money laundering and Iâm 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 governmentâs money or the masses money
Following my own experience which I attached a screenshot of, what could be the justification for scoring my account for money laundering?
In a situation where a userâs address has been proofed to be safe after you mustâve 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?
I donât understand what you mean by usually from 1 million dollars. Is it that you canât help in tracing fraud that is not up to 1 million dollars?
Have you had any successful tracking and blocking record of a wallet involving in fraud?
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?
