OKLink by OKGroup officially launches on-chain AML service, making compliance simpler
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OKLink by OKGroup officially launches on-chain AML service, making compliance simpler
The AML service launched by OKLink can analyze address transactions and, combined with blockchain standards and security audit technologies, help digital asset companies, DeFi projects, and financial institutions achieve compliance and risk detection.
Navigating Web3 tides with focused insightsOn September 11, 2023, OKLink Holdings (01499.HK), a global leader in blockchain technology (hereinafter referred to as "OKLink"), officially launched its multi-functional on-chain anti-money laundering service: OKLink Onchain AML (anti-money laundering). As Asia's largest blockchain technology company providing such RegTech platforms, OKLink’s new AML service analyzes address transactions and combines blockchain standards with security auditing technologies to help digital asset companies, DeFi projects, and financial institutions achieve compliance and risk detection.
The OKLink Onchain AML service assigns identifiers to blockchain addresses in the form of “labels,” effectively detecting and identifying risky contracts, addresses, tokens, and illicit activities. This enables users to distinguish between exchange addresses, MEV bots, smart contracts, hackers, and crypto whales. By tightly integrating label data with on-chain analytics, OKLink Onchain AML significantly enhances its ability to provide automated and continuous transaction screening and tracking. Meanwhile, users can personalize the AML platform according to specific compliance procedures, risk policies, or other requirements.
As two core products within OKLink Onchain AML, KYT (Know Your Transaction) and KYA (Know Your Address) represent innovations beyond traditional KYC services. KYT links blockchain addresses to real-world entities, monitors deposit and withdrawal transaction risks, identifies malicious addresses, and generates alerts—meeting the compliance and risk management needs of virtual asset service providers (VASPs). KYA identifies, analyzes, assesses, and classifies risk types associated with on-chain addresses, supporting digital asset investigations and preliminary screening of on-chain transaction risks, thereby enhancing transparency in the digital asset ecosystem. Notably, KYT already supports detection capabilities for popular chains such as Base and Starknet.
Commenting on the official launch of the Onchain AML service, Zhang Chao, Vice President of OKLink Group and Executive Director of OKLink Holdings, said: "With the launch of OKLink Onchain AML, we are leading the trend toward greater transparency and security in the digital asset industry. This reflects OKLink’s ongoing commitment to developing intuitive, blockchain-based tools that help clients monitor risks and remain compliant within an evolving regulatory landscape. We look forward to offering comprehensive, tailor-made solutions for virtual asset service providers, financial institutions, project teams, and government and law enforcement agencies."
Regarding product capabilities, Zhang Chao added: "OKLink has comprehensive parsing capabilities across major global blockchains, currently covering over 170 blockchain networks and maintaining more than 3.4 billion address labels. Built upon this foundation, OKLink Onchain AML supports tracing all historical transactions ever recorded on these blockchains. Virtual Asset Service Providers (VASPs) can configure the system to meet regulatory requirements across different jurisdictions; financial institutions can use the AML compliance solution to detect illicit activities such as money laundering, terrorist financing, fraud, and theft; DeFi and on-chain protocol teams can set up custom alerts to detect and mitigate financial risks—including those related to misconduct, sanctions, money laundering, terrorist financing, and other illegal activities embedded in contract code and fund flows; government and law enforcement agencies can more efficiently identify, monitor, and investigate risks associated with virtual asset transactions and financial crimes."
OKLink Onchain AML actively responds to Hong Kong’s new VASP licensing regime, which took effect on June 1, 2023. The new VASP guidelines aim to protect investors by implementing strict requirements and safeguards related to asset custody, segregation of customer assets, and cybersecurity standards. As VASPs must operate under Hong Kong’s regulatory framework, there will be increased emphasis on meeting compliance obligations, including AML controls and on-chain transaction monitoring. "These developments align perfectly with the vision and mission of OKLink Onchain AML," Zhang Chao further explained.
According to official information, OKLink also provides a Web3 data analytics platform—blockchain explorer—and Chaintelligence, a data tool dedicated to on-chain investigations, consistently contributing to building compliance and security in the virtual asset space.
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