How CryptoPass Turns BIS's Theoretical AML Approach into a User-Friendly Tool
In the dynamic landscape of cryptoassets, anti-money laundering (AML) compliance is critical to maintaining financial integrity and curbing illicit activities.
The Bank for International Settlements (BIS) Bulletin No 111, "An approach to anti-money laundering compliance for cryptoassets," published on August 13, 2025, by Iñaki Aldasoro, Jon Frost, Sang Hyuk Lim, Fernando Perez-Cruz, and Hyun Song Shin, offers a groundbreaking framework for tackling AML in permissionless blockchains.
It leverages blockchain transparency to analyze transaction histories, develop AML compliance scores, and foster a "duty of care" culture among market participants.
Yet, translating this theoretical approach into practical, user-friendly solutions has been a challenge — until now. CryptoPass, with its patented Know Your Wallet (KYW)™ technology, transforms these ideas into an accessible tool, bridging the gap between blockchain transparency and regulatory needs for self-custodial wallet holders.
Transforming the BIS Theoretical Framework
The BIS bulletin reimagines AML for cryptoassets by moving beyond traditional intermediary reliance. Its key innovations include:
- Transaction Provenance Analysis
The bulletin advocates examining the "provenance" of cryptoassets — tracking their origin and transaction paths — to detect illicit links, a task made possible by blockchain's public ledger. - AML Compliance Scoring
It proposes a risk-based score to assess the likelihood of cryptoassets being tied to illegal activities, particularly at "off-ramps" where crypto meets traditional finance. - Duty of Care Culture
The BIS urges market participants to adopt proactive compliance measures, enhancing the financial system's resilience. - Risk-Based Monitoring
This approach prioritizes high-risk transactions, leveraging blockchain data for efficient oversight without centralized control.
With illicit flows in crypto exceeding $2 trillion annually and 99% often undetected, the BIS framework sets a high standard, but its practical application has lacked a user-centric solution — until CryptoPass stepped in.
CryptoPass: Bridging Theory and Usability
CryptoPass takes the BIS's theoretical AML approach and turns it into a seamless, user-friendly process through its KYW™ technology. Here's how we bridge blockchain transparency with regulatory needs:
- Practical KYT Implementation
The BIS's call for transaction provenance analysis is brought to life with CryptoPass's KYT check, analyzing wallet transaction histories for AML risks.- Free plan: basic KYT report.
- Pro and B2B plans: detailed insights, making blockchain data actionable for users without technical expertise.
- User-Friendly Compliance Scoring
Reflecting the BIS's AML score, CryptoPass introduces a Compliance Score (0-100) in the Pro plan and beyond.
This intuitive metric, derived from transaction analysis, helps users prove wallet cleanliness at off-ramps or to VASPs, simplifying a complex regulatory requirement into a single, shareable value. - Secure Ownership Verification
The BIS emphasizes robust verification in decentralized systems.
CryptoPass's Satoshi test, integrated via WalletConnect, verifies wallet ownership securely and privately — aligning with the bulletin’s vision while remaining accessible to all users, from novices to experts. - Empowering Duty of Care
By offering mailed certificates (Free: 1 month, Basic: 2 months, Pro: 3 months) and optional real-time monitoring (€15/mo), CryptoPass empowers users to proactively manage compliance.
This mirrors the BIS's "duty of care" ethos, enabling individuals and organizations to uphold financial integrity effortlessly. - Scalable B2B Solutions
For enterprises, our B2B Tailor-Made Solution customizes the process with unlimited wallets and API access, translating the BIS's risk-based framework into enterprise-grade tools that meet MiCA and AMLD5 standards.
CryptoPass doesn't just adopt the BIS approach — it simplifies it, turning abstract principles into a tool that anyone can use to navigate regulatory landscapes.
Why This Matters for Crypto Users
As global regulators like the BIS tighten AML standards, the gap between blockchain's transparency and regulatory compliance widens.
CryptoPass bridges this divide by offering a practical, privacy-focused solution.
Whether you're:
- a self-custodial wallet holder avoiding exchange hurdles, or
- a business ensuring client compliance,
our app delivers verifiable certificates and ongoing monitoring, aligning with international expectations.
The result? A user-friendly experience that turns theory into action.
➡️ Download the CryptoPass app today and start with our Free plan to experience compliance made simple.
Upgrade to Pro for advanced features or explore B2B options for your organization.
Stay tuned for more insights!
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⚠️ Disclaimer: This article is for informational purposes and does not constitute legal advice. Always consult a professional for compliance matters.
