Global Ledger is thrilled to introduce a new feature: the one-page overview of essential data about entities. Our Entity Explorer makes it easier for businesses, regulators, and anyone interested in blockchain to understand different entities in the crypto world.
Learn who is behind the curtain, providing transparency and trust.
Instantly see if an entity is active, facing regulatory issues, or has ceased operations.
Get the essential information on compliance to understand how entities adhere to legal standards and regulations in various jurisdictions, including whether they implement KYC procedures.
Get a clear understanding of what each entity brings to the table.
Understand international regulations for each specific entity.
Discover entities’ capabilities in handling fiat transactions, a critical component for many users.
This feature highlights available payment services, including payment types and methods, their websites, and domiciled countries.
Essential details to connect and engage with entities directly.
A compliance officer at a major bank is tasked with investigating suspicious transactions linked to a particular wallet. Coming from a traditional legal background, the world of crypto still feels like uncharted territory to them. During the investigation, the officer notices several transactions originating from a source named “Hydra,” a name they are unfamiliar with.
Instead of navigating through the internet in search of information about it, the officer turns to the Entity Explorer. A click on “Hydra” directs to a comprehensive one-page overview that sheds light on the entity behind these transactions. Hydra is a sanctions-related darknet marketplace from Russia, associated with drugs, fraud, stolen data, and other illegal services. It is obvious that this transaction should be flagged and blocked.
A researcher orders a comprehensive report from GL regarding the flow of funds associated with, say, a new political party and its crypto financing. The aim is to uncover potential illicit activities.
While reviewing the source of funds report, the researcher encounters a transaction linked to an entity named “EnExchanger,” a name they haven’t come across before. Without further context, determining the exact nature of the risk and the reasons behind is challenging.
To gain a deeper understanding, the researcher uses the Entity Explorer. With a simple click on “EnExchanger,” they are instantly directed to a detailed page, akin to a mini-wiki designed specifically for compliance purposes. EnExchanger turns out to be an Iranian (1) sanctioned exchange (2) that doesn’t require KYC (3) and supports privacy coins (4).
This type of funding is highly likely to ruin the party’s reputation.
The upcoming feature will allow compliance officers, researchers, and other users to view all blockchain data and the wallets associated with each entity. How can they leverage it to gain deeper insights?