AMLT-Helping the entire ecosystem become safer and connected to the globa economy

 

AMLT used in the Coinfirm AML/CTF Platform is the missing puzzle to bring virtual currencies into the mainstream in a safe, secure and compliant way. It helps exchanges, payments processors, financial institutions and all players in the financial system to manage the regulatory risk related to blockchain value transfer. It allows network members to provide information, rate other market participants and democratically help determine the related risk to entities and counterparties using virtual currencies.

AML/CTF is connected with risk management, not just simply strict laws, rules and regulations to follow. There is also a degree of internal assessment needed by obliged companies to build a correct risk management model. AMLT helps with compliance in an innovative way while by engaging and providing beneficial participation to the users of virtual currencies. 

Why AMLT ?

AMLT helps market participants access data about the risk related to virtual currencies — use AMLT to obtain reports and to fully benefit from the cryptocurrency economy.

It brings efficiency and effectiveness of AML/CTF compliance and democratization for market participants globally

AMLT users will help define good actors and bad ones with precision beyond the reach of the current financial system — without unfairly excluding individuals in sanctioned countries.

AMLT Solution is designed to :

This solution is needed for entities that accept virtual currencies or simply want to have exposure to it such as banks and financial institutions — they are obliged to understand risks for their clients.

• Provide streamlined access to reports and data for AML/CTF compliance purposes for cryptocurrencies
• Build the transparent and democratized financial system by collecting and sharing data in an anonymous way
• Improve and automate processes within the Coinfirm AML/CTF Platform and deliver benefits and rewards for its participants
• Create a transparent and mutually beneficial compliant Blockchain ecosystem that becomes the global AML/CTF standard for blockchain
• Give users an important and active part in building the transparent new era of finance and a foundation for the mass adoption of blockchain and cryptocurrencies

A solution is needed for virtual currency businesses and traditional businesses that accept virtual currencies or simply want to have exposure to it. At the end of the day, any entity touching virtual currencies or operating with them needs to apply AML/CTF compliance rules to protect themselves, their partners and their clients from potential risks and to allow for its commercial growth. Any firm that has a commercial relationship with virtual currency companies also need to understand such risk. Businesses intelligence companies such as Thompson Reuters cannot ignore information about what they have in their portfolio.

Any market as large as the virtual currency market and entities operating within it need, analytics and an AML/CTF compliance solution for legal, commercial and moral reasons. The market is global and it is growing rapidly and is no longer ignored by big business, financial institutions, criminals, regulators and financial investigation units.

The solution is here. A global platform that solves these problems for the entire ecosystem in a new, effective and efficient way, that grows with the network it creates and becomes the ‘back bone’ for the ecosystem while running unnotice ably in the background. The entire ecosystem now has a simple and straight forward solution that helps with the compliance for the most sensitive aspect of its businesses. 

KEY POINTS & STATEMENTS

1. AMLT is the token for prepaid products and access rights to the already vibrant network of the  Coinfirm AML/CTF Platform

2. Network Members receive AMLT for providing ratings and information on specific addresses — this is the fuel that makes the system democratic as opposed to arbitrary

3. It allows compliance and transparency in all transaction situations, helping the whole ecosystem be safer and connect with the global economy

4. AMLT builds a secure and democratic network that provides transparency to the cryptocurrency world, helping it to be complaint with a number of regulatory requirements

5. The goal of AMLT is to build an open global standard for the transparency of cryptocurrencies and bring them into the mainstream in a safe, efficient and effective way

HOW DOES COINFIRM WORK ?

1. Coinfirm’s AML/CTF Platform serves as a foundation for the safe adoption and use of blockchain and cryptocurrencies

2. Uses proprietary algorithms and big data analysis to provide actionable data that increases efficiency, reduces costs and streamlines compliance to near automation

3. Spreads the entire blockchain and cryptocurrency ecosystem into the traditional economy and enables mass market adoption

4. Serves as a bridge to accommodating new business models and adopting Blockchain and virtual currencies in a safe and compliant way

5. Built to create the Global Standard for the whole industry

Mission and Vision of Coinfirm

Coinfirm provides a network that builds a transparent, democratic, effective and compliant virtual currency and blockchain ecosystem. Coinfirm’s goal is to deliver a streamlined and effective Global Standard for AML/CTF com pliance in a decentralized and democratic way where participants can provide AML/CTF/Fraud/business/risk ratings whether negative or positive. Not only providing transparency and democratization of the financial system in an un precedented way, AMLT attached to the Coinfirm AML/CTF Platform serves as a bridge to accommodating new business models and adopting blockchain and virtual currencies.

WHO IS AMLT IMPORTANT FOR ?

As studies and leaders have shown, Regulatory Compliance, especially Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) for Blockchain and virtual currencies has been a massive roadblock to their overall mass adoption.

 

AMLT provides access to to a secure and transparent blockchain economy — it protects you, your partners and clients from potential risks and allows for commercial adoption and growth.

Commercial organizations face a whole lot of crucial challenges when it comes to the latter crisis period and the most demanding challenge they face is the lack of stability in the regulations. Regulations change from time to time and this means than major adjustments must be made in the institution which in turn have a domino effect on revenue, and in turn affecting the growth of the business. Recent years have seen a massive rise in this regulations with the advent of policies such as Customer (KYC) and Anti-Money Laundering (AMLT).

As ICOs pop up each and every where they are compelled to meet these AMLT/ KYC standards. The blockchain industry has responded to this with SAFT (Simple Agreement for Future Equity framework). SAFT in contrast to being a good defender for AMLT/ KYC policies it turns out to be that it’s not so good at its business.

Coinfirm has already measured highs and lows of AMLT/ KYC policies and is pretty adaptive to each and every one of them. As with this the Coinfirm project bears an ultimate goal in their mind… that is to produce a global cryptocurrency which meets AMLT/ KYC standards.

Token giveaway

Out of the 400 million tokens obtainable about 210 million tokens will be distributed in the ICO (Initial Coin Offering) which starts on Dec.12, 2017 and ends on Jan. 30, 2018. All these tokens are thoroughly inspected to meet AMLT/ KYC standards.

Token Sale

Token sale : 210,000,000 Available in crowdsale

Data rewards pool for network members : 120,000,000 Distributed monthly through the existence of smart contract

Founding Team : 10% With lockup period

Advisors : 2%

Rewards for referrals : 1%

Dev team and bonuses : 4% With lockup period

Charity : 0,50%

Total Tokens to be generated in smart contract : 400,000,000

Timeline

Team

Coinfirm’s team consists of professionals and entrepreneurs with vast business and compliance experience, supported by great tech and blockchain specialists.

Conclusion

AMLT is a dominant idea that is supported by a world renowned crew. The platform is also popping out at the exact time with the blooming industry of blockchain.

Risks

As stated in the whitepaper the competition is high when it comes to helping organizations meet necessary regulations such as AMLT/ KYC standards. Chainanalysis, Elliptic, Scorechain are just a handful of the companies which dominate the industry. But as AMLT says it is superior to all of these but many risks are involved when it comes to these types of things.

Growing capability

The cryptocurrency market is said to be worth a whopping $350 billion. So you can just imagine how much tough the competition is. If new cryptocurrencies need to enter the market they need to meet the AML/ KYC standards. So it means that organizations which help cryptocurrencies meet these requirements will be in high demand in the coming future.

Coinfirm has by now signed contracts with dominating cryptocurrencies such as Bitcoin, Etherium, and Dash so the future for Coinfirm AMLT remains clear for now.

As the token sale has started on Dec 12 and ends on Jan 30, there’s only 24 more days to go as for the time of this writing. So book your tokens now as for this is your last chance.

Details Information :

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