Have you ever struggled to track down accurate counterparty data and spent hours analysing scattered transactions? An instant, detailed look at entities’ exposure would be handy. For compliance officers, it would help assess what are the risks of working with such a counterparty. For regulators, it allows for determining how transparent and compliant the entity under monitoring is.

Here the Global Ledger’s Counterparty Report comes into play. It is a tool that helps users analyse counterparties and understand the activities of entities. It provides a complete view of an entity’s or individual’s transaction exposure on one screen. 

Streamline risk assessment with GL report – here’s how

• Check incoming and outgoing exposure

The tool shows the exposure in cryptocurrency (e.g., Bitcoin) for each counterparty and displays the proportion of total exposure that each counterparty represents.

Sources are sorted by transaction volume, with a clear indication of which portion was sent directly to the entity being monitored (direct sources). This helps prioritize and organize the data effectively.

• Understand your counterparties’ transactional risks 

You can switch between the tabs to see the exposure filtered by:

• Type, e.g., low-risk exchange, sanctioned individual, hack, darknet marketplace, mixing service, and more
• Entity, e.g., Binance, Coinbase, etc. 

You can click on any entity and will be redirected to that entity page in our Entity Explorer. 

Additionally, you can view the exposure by risk level.

• Assess the risk easily

Each tab, “Type” and “Entity,” displays a risk rating for each counterparty. When viewing the report by type or entity name, the risk level is clearly highlighted with colour: green for low risk, yellow for medium risk, and red for high risk. 

• Check the transactional list for both source of funds and use of funds (coming soon)

The upcoming feature will allow you to pinpoint the exact transactions that contribute to the risk posed by counterparties. This will help identify not only risky entities/individuals but all risky transactions.

Fast, complete, reliable: Discover GL report’s benefits

Unique exposure assessment

GL is the only system capable of analysing transaction exposure, including the source of funds and use of funds, across the entire entity. It is a handy tool for getting data about potential AML compliance issues. 

Comprehensive overview within a single tool

The report provides a complete picture of counterparty transactional risk, capturing the source of funds and use of funds, various risk levels, and entity types and names in one place, all within a specific time frame (up to 3 months). 

Risk assessment in a few steps

With this tool, you can evaluate risk levels, getting a complete picture of an entity’s activity in 4 simple steps:

1. Click ‘Create a new report’
2. Provide details, such as blockchain, entity name, time range, etc. 
3. Wait for the system to analyse the exposure
4. Receive the report. 

The tool facilitates the assessment of transactional risk based on knowledge of the source and use of funds.

How it works: use cases 

#1: Streamlining checks for compliance officers

A compliance officer at a major exchange is tasked with ensuring new counterparties comply with current AML/CTF regulations and aren’t involved in transactions with high-risk entities. This task can be quite time-consuming, as it involves collecting and analysing a lot of data. 

With a Counterparty Report that consolidates exposure, risk ratings, types and names of entities, a comprehensive automated risk assessment can be conducted more efficiently. 

In the example below, one of the new counterparties has received funds from high-risk sources, such as sanctioned exchange, darknet marketplace, hacker, etc. This is a red flag, and the compliance officer might need to conduct an enhanced KYB check.  

#2: Oversight made easier for regulators

During an inspection, the regulator uses the tool to verify whether exchanges are adequately screening their counterparties. They focus on one specific exchange that had previously been warned about sanction regime lapses, allowing the regulator to assess improvements. The specialist just enters the exchange name, specifies the time range, and gets the report. They check the high-risk entities and see a few ones highlighted in red. 

By clicking on these entities’ names, the regulator goes to the Entity Explorer section and finds out that Cryptex is an OFAC-sanctioned exchange. 

Moreover, the exchange received indirect transactions from a hack and darknet marketplace. 

#3: Building a legal case for law enforcement

A law enforcement investigator is assigned a case involving a suspected money-laundering operation that has been channelling funds through crypto assets. The investigator must trace the flow of illicit funds and support a legal case with evidence.

With a full record of transaction histories, counterparty exposures, and risk ratings, the investigator compiles detailed evidence. This documentation helps support formal charges, strengthening the case for prosecution.