{"id":38083,"date":"2025-04-08T15:31:24","date_gmt":"2025-04-08T12:31:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38083"},"modified":"2025-12-05T06:28:45","modified_gmt":"2025-12-05T03:28:45","slug":"bitoks-aml-service-what-it-is-and-how-it-works","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitoks-aml-service-what-it-is-and-how-it-works\/","title":{"rendered":"What Is the BitOK AML Service and How Does It Work?"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What is AML?<\/h2>\n<p>AML (Anti-Money Laundering) is a set of measures designed to prevent the laundering of proceeds of crime. The aim is to stop cryptocurrencies and other financial instruments being used for money laundering, terrorist financing or evading sanctions.<\/p>\n<p>AML includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>detecting suspicious transactions;<\/li>\n<li>tracking the provenance of assets;<\/li>\n<li>analysing the behaviour of users and their counterparties;<\/li>\n<li>identifying links to high-risk services (darknet marketplaces, mixers, sanctioned addresses).<\/li>\n<\/ul>\n<p>In the crypto industry, specialist firms handle AML transaction analysis: Chainalysis, Crystal, Elliptic, BitOK and others. Exchanges, swapping services, crypto companies and law-enforcement agencies use their data to freeze and return digital assets to their rightful owners.<\/p>\n<p>Retail users can turn to AML tools from companies such as BitOK to minimise the risks of interacting with high-risk services and suspicious transactions.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What is BitOK?<\/h2>\n<p><a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/\" target=\"_blank\" rel=\"noopener\">BitOK<\/a> is a company that offers individuals and businesses solutions to check digital assets for links to illicit activity.<\/p>\n<p>Its ecosystem includes:<\/p>\n<ul class=\"wp-block-list\">\n<li><a class=\"tracking_link\" href=\"https:\/\/t.me\/BitOK_AML_bot\" target=\"_blank\" rel=\"noopener\">BitOK AML bot<\/a> \u2014 a Telegram bot for quick checks of addresses and transactions;<\/li>\n<li>\u201c<a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/portfolio-tracker\" target=\"_blank\" rel=\"noopener\">Portfolio tracker<\/a>\u201d \u2014 a web interface for tracking crypto assets and analysing transaction history;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/business\" target=\"_blank\" rel=\"noopener\">KYT Office<\/a> \u2014 a corporate solution with an <span data-descr=\"application programming interface\" class=\"old_tooltip\">API<\/span> for analysing and monitoring transactional activity;<\/li>\n<li><a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/aml-certification\" target=\"_blank\" rel=\"noopener\">AML certification<\/a> \u2014 courses and training on investigating crypto-related crimes and obtaining the \u201cAML officer\u201d qualification. Classes are held in a hybrid format with company staff and guest experts.<\/li>\n<\/ul>\n<p>The BitOK team also conducts <a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/investigations\" target=\"_blank\" rel=\"noopener\">investigations<\/a> and helps trace and recover cryptoassets: it visualises transactions, prepares expert reports and collaborates with crypto exchanges.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Who created BitOK, and when?<\/h2>\n<p>The company was founded in 2021 by Dmitry Machikhin, who serves as CEO. Developers and AML experts from the United States and Israel took part in building the service.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cIllegality and anonymity of cryptocurrencies are a myth. We seek to make the market transparent for all participants, and with modern data-analytics algorithms and AI we achieve high-quality transaction monitoring. Our solutions are used by traders, exchanges and banks around the world,\u201d \u2014 <a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/about-us\" target=\"_blank\" rel=\"noopener\">the company says<\/a>.<\/cite><\/p><\/blockquote>\n<p>Machikhin is also a UN guest expert on the implementation of AML\/<span data-descr=\"countering the financing of terrorism\" class=\"old_tooltip\">CFT<\/span> standards in the crypto market. He has repeatedly provided ForkLog with expert commentary on anti-money-laundering and the crypto industry\u2019s interaction with traditional finance.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/NKrMpfzp_rU?si=Ab27QbVXNB4Z7W89\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">How to run an AML check with BitOK<\/h2>\n<p>The service analyses wallets both manually and automatically.<\/p>\n<p>The <a class=\"tracking_link\" href=\"https:\/\/t.me\/BitOK_AML_bot\" target=\"_blank\" rel=\"noopener\">BitOK Telegram bot<\/a> lets you quickly check an address or transaction ID (hash). Simply send them in the chat. The bot analyses the data and returns a report that includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>the address\u2019s risk level;<\/li>\n<li>links to illicit activity;<\/li>\n<li>information about counterparties and sources of funds.<\/li>\n<\/ul>\n<p>This tool helps users rapidly assess the \u201ccleanliness\u201d of funds right in the messenger.<\/p>\n<p>More detailed AML analysis and transaction accounting are available in the anonymous \u201c<a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/portfolio-tracker\" target=\"_blank\" rel=\"noopener\">Portfolio tracker<\/a>\u201d. It aggregates and visualises data from all of a user\u2019s accounts, classifies transactions, and lets users add notes and generate tax reports and other documents.<\/p>\n<p>For businesses, BitOK offers a separate product \u2014 <a class=\"tracking_link\" href=\"https:\/\/bitok.org\/ru\/business\" target=\"_blank\" rel=\"noopener\">KYT Office<\/a>. It integrates via API and automatically checks all incoming and outgoing transactions. The system allows filters and responses to suspicious activity to be configured.<\/p>\n<p>KYT Office includes automatic alerts for higher-risk transactions and flexible risk-profile settings.<\/p>\n<p>Like the Portfolio tracker, KYT Office keeps an audit trail of checks and generates reports for compliance, regulators and internal audit.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>\u201cAutomating AML with KYT Office reduces the risks of funds being frozen on exchanges, ensures compliance with international AML\/CFT standards and regulatory requirements, and boosts trust from clients and partners,\u201d BitOK emphasises.<\/em><\/cite><\/p><\/blockquote>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What investigations does BitOK undertake?<\/h2>\n<p>Over four years, the BitOK team has carried out several public investigations. The best known include:<\/p>\n<ul class=\"wp-block-list\">\n<li>the Bitmana case \u2014 analysis of a $150m crypto theft;<\/li>\n<li>the Tambiev case \u2014 an investigation into how a Moscow investigator received a \u201cbitcoin bribe\u201d from members of the hacker group Infraud Organization;<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/arkham-says-lazarus-group-behind-bybit-hack\">the Lazarus case<\/a> \u2014 an examination of how North Korean hackers launder cryptocurrency via <a href=\"https:\/\/forklog.com\/en\/news\/what-are-cross-chain-bridges\">cross-chain bridges<\/a> and mixers.<\/li>\n<\/ul>\n<p>The company has also helped investigate the financing schemes of the terrorist groups Hamas and Hezbollah.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>\u201cIn a number of cases, BitOK\u2019s materials were used in international investigations, and some conclusions \u2014 for obvious reasons \u2014 were never made public in the media,\u201d<\/em> notes Dmitry Machikhin.<br \/><\/cite><\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Users can deploy AML tools from firms like BitOK to minimise risks when dealing with high-risk services and suspicious transactions.<\/p>\n","protected":false},"author":1,"featured_media":38084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"ai_translated","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[2113],"tags":[1292],"class_list":["post-38083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptorium","tag-aml-kyc"],"aioseo_notices":[],"amp_enabled":true,"views":"190","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"0","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=38083"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38083\/revisions"}],"predecessor-version":[{"id":91848,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38083\/revisions\/91848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/38084"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=38083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=38083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=38083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}