CYBAVO Integrates Scorechain Solution to Meet Heightened AML Regulatory Requirements

Posted on Feb 10, 2022 | BLOG


Digital asset security solution provider CYBAVO has announced a new product integration with Scorechain, the leading European compliance solution for crypto asset regulation, to enhance CYBAVO’s anti-money laundering (AML) offerings.

The partnership comes in response to increased AML regulatory clarity and requirements across the globe from the government and financial regulatory agencies, underscoring the importance of working closely with industry-leading solutions to ensure the integrity of transactions and reduce the risk exposure of Virtual Asset Service Providers (VASPs) and their customers.

While CYBAVO has an existing AML risk detection system in place, the addition of Scorechain’s powerful platform will enhance it further to provide a more robust solution with additional flexibility and actionable data intelligence for its uses. 

The Importance of AML

Since 2020, regulators such as the Office of Foreign Assets Control (OFAC) and other government agencies have stepped up their requirements for digital asset service providers, even resulting in some cases of enforcement

This heightened scrutiny comes amidst a global industry-wide crackdown on crypto money laundering and terrorism financing (ML/TF), with regulators like the Financial Action Task Force (FATF) and the Financial Crimes Enforcement Agency (FinCEN) devising new measures to combat increasing ML/TF threats.

CYBAVO’s Scorechain Integration Adds Value for Users

In response to this changing regulatory landscape, CYBAVO is enhancing and expanding its AML capabilities and integrations. In addition to actively screening entries against the OFAC Sanctions List, FBI Sanctions List, and lists covering the Dark Web, Malware, Ransomware and other fraudulent activities, now CYBAVO also allows users to customize their own risk list and work with established AML solution providers like Scorechain to meet regulatory compliance requirements.

The integration can be applied to monitor all types of incoming and outgoing wallet transactions, like deposits and withdrawals. Alerts and warnings will be shown to users based on their predetermined risk threshold and indicators, allowing a fully configurable and flexible experience. 

Existing CYBAVO Vault and Scorechain customers will now be able to seamlessly integrate a leading blockchain AML provider to monitor their transaction without having to develop a single line of code. Active transaction risk monitoring by Scorechain will be performed within CYBAVO platform. Users will also be able keep an eye on usage stats by setting a maximum number of queries and creating alerts for when query limits are about to be exceeded.

Statement from Scorechain

“We are very happy to help CYBAVO further strengthen the ML risk detection in their vault solutions. For the customers, this integration will facilitate the management and the monitoring of their assets.”

Pierre Gérard, CEO Scorechain

Statement from CYBAVO

“Regulators have indicated in recent months that they require more from digital asset custody and security solutions in terms of AML measures. While we have complete faith in CYBAVO’s existing AML infrastructure, we are heeding this call to further fortify our defenses against the illicit activities of bad actors. To this end, we are proud and honored to announce the addition of Scorechain’s AML services. This pioneering crypto intelligence firm will add considerable value to our platform and customers.”


About Scorechain

Established in 2015, Scorechain is the leading compliance solution for crypto assets regulation in Europe. With its headquarters in Luxembourg and offices in Paris, its mission is to fulfill cryptocurrency regulatory requirements worldwide, and dynamically implement them according to the users’ internal compliance policy and risk appetite. Covering 8 blockchains, over 3000 tokens, and due diligence of more than 700 VASPs, the solution is able to generate complete and detailed Know Your Address / Transaction reports in less than 30 seconds, a powerful and helpful feat in today’s blockchain ecosystem. 

Scorechain website:


CYBAVO is the leading provider for blockchain security solutions in Asia Pacific. It was established in 2018 by a team of cybersecurity veterans with a mission to provide the most advanced digital asset custody by developing a custom security-hardened operating system, patented encryption technology, and a highly secure sandboxed environment to deliver its suite of solutions, including its flagship product, CYBAVO VAULT. 

Its extensive list of enterprise customers include cryptocurrency exchanges, fund management companies, cryptocurrency wallet providers, and fintech service providers. The company is insured by S&P AA-rated global reinsurance company, and holds certifications for ISO 27001 and NIST’s Cryptographic Module Validation Program.

CYBAVO website: