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ChainComply
compared to
Blockchain Analysis Tools.
Chainalysis, TRM, and ScoreChain are not ChainComply's competitors.
They are complementary tools targeted at different users with different use cases.
Blockchain forensics tools are excellent at what they were built for: tracing on-chain activity, scoring wallet risk, and flagging exposure to illicit funds.
But when a bank or a crypto exchange has to answer a different question - how did this client actually build their wealth - on-chain risk scores alone don't get you there.
See a quick comparison below:
ChainComply | Blockchain Forensic Tools (like Chainalysis) | |
|---|---|---|
Main users | Banks/CASPs | CASPs/VASPs/Law enforcement |
Best for | Source of Wealth decision making on large transfers from CEXes (fiat or crypto) | Tracing non-custodial wallet flows, labels and risk scores data, on-chain monitoring |
Value Proposition | Deep EDD and Source of Wealth documentation | Blockchain forensics and transaction monitoring for combating crypto crime |
On-chain Risk Assessment Capabilities | Integrates and sources labels and risk scores from established blockchain forensics tools (like TRM Labs, Crystal, Scorechain) | Proprietary |
Transaction Dataset | Crypto exchange client account data (incl. fiat) & On-chain | On-chain only |
Depth of Insight | Holistic, portfolio-level overview focussed on client's story - investment gains + inflows and outflows | Wide, real-time, on-chain tracing intelligence, focuses on coins and tokens flows, ignores gains. |
Target Audience | Traditional Banks and crypto exchanges EDD teams | Crypto exchanges’ FinCrime on-chain investigation teams and TM teams, Law enforcement, FIUs |
Target Audience
ChainComply was built with a specific focus in mind: to help AML obliged entities enter the MiCA era.
Chainalysis, TRM, Crystal is a blockchain forensic tool that is most helpful for institutions directly transacting on blockchain and law enforcement.
Depth of insight
ChainComply gives AML teams a holistic overview of a given client's universe of non-custodial wallets and CEX accounts.
Not only all crypto and fiat flows, but also capital gains and other revenues (Defi, Margin trades).
Blockchain Forensic Tool: provides an in-depth, end-to-end investigative workflow to combat crypto crime.
It brings detailed blockchain intelligence (labels, risk scores, OSINT).
Transaction Dataset
While on-chain transactions are crucial, they only tell part of the story.
The client’s crypto exchange account data (trades, fiat deposits, crypto withdrawals, etc.) provided by ChainComply is not accessible to blockchain forensics tools.
Meanwhile, this off-exchange data is essential for accurate risk assessment. It's often the only data you need.
As for on-chain labels and risks... 👉🏻
Tap Into the Top Blockchain Forensic Tools
Why reinvent the wheel? Instead, we integrate with established blockchain forensic tools like Chainalysis.
This way, as a complementary tool, we give you access to the most comprehensive on-chain insights available.
By building on the extensive on-chain data and risk assessment expertise they’ve accumulated over the years, we can focus on what we do the best, which is... 👉🏻
Enhance Operational Efficiency with ChainComply
ChainComply was designed to 10x the efficiency of the crypto-related enhanced due diligence operations.
Key benefits: Faster EDD decision-making thanks to streamlined case management, automation, and an easy-to-use interface.
Users: EDD teams, non-crypto-expert investigators, first line of defence,
Ideal for: Banks (fiat transfers from VASPs) or crypto exchanges seeking to efficiently process a high volume of crypto-related Enhanced Due Diligence cases.
As for very difficult cases... 👉🏻
Investigate In-Depth with blockchain forensic tools
Chainalysis, TRM, complements ChainComply in in-depth investigations and forensics of complex cases.
Key benefits: Quick blockchain-wide tracing, demixing, chain-hopping
Users: blockchain forensics experts.
Ideal for: Mainly crypto exchanges and law enforcement requiring a deep dive into specific on-chain activities or investigating complex fraud schemes, and for real-time on-chain transaction monitoring.
Which Tool is Better?
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ChainComply and Blockchain Analysis Tools do not compete, but complement each other, offering distinct functionalities to cater to diverse user needs.
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As a crypto exchange, you will be best equipped for MICA with both tools.
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If you are a traditional bank not directly transacting on-chain, you would probably be better off with ChainComply to handle indirect fiat transfer exposure.
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