Coinfirm Sets the Anti-Money Laundering Compliance Standard in the Cryptocurrency World

RegTech giant Coinfirm – through its award-winning AML platform – now offers cross-blockchain risk analysis, along with Entity Due Diligence (Entity DD) deployment.

Cross-blockchain analysis allows cryptocurrency compliance teams to gain an unprecedented level of insight when a cryptocurrency address is involved in a transaction moving across multiple block chains. Entity DD, on the other hand, provides detailed information about the entities running in the blockchain ecosystem.

Cross-blockchain analysis takes into account incoming and outgoing transactions performed on monitored gateways, asset types, block volumes, timestamps, and other data associated with the chain. This type of analysis is integrated with the Proximity Path algorithms of the AML platform, which allows you to control the flows between blockchains, regardless of how many times the block bridges have been crossed.

Entity DD simplifies and speeds up the verification of risks associated with a particular entity. Coinfirm is constantly updating databases useful for compliance by reviewing Virtual Asset Service Providers (VASPs), including researching unfavorable news and analyzing Know Your Customer (KYC) processes of said VASPs, in order to help our ecosystem understand the real risks associated with the activities of this organization.

Entity DD was created by Coinfirm to help compliance professionals, investors, regulators, and anyone who wants to understand the risks associated with a given VASP. The information provided to Entity DD on the AML Coinfirm platform includes but is not limited to: global risk, nature of business activities, information regarding licenses and permits, identified countries of operation, AML and KYC information, new adverse events and services or products offered interested person.

“Using the coverage of our assets and chains, combined with cross-chain analysis and detailed analysis of VASPs and other cryptographic entities, compliance professionals gain actionable insights to create a more secure blockchain economy. – Mircea Mihaescu, CEO of Coinfirm

Coinfirm has also expanded its support to over 920,000 tokens and 45 blockchains, becoming the undisputed industry leader in terms of AML/CFT compliance.

About Coinfirm

Coinfirm is a global leader in blockchain analytics and RegTech solutions and creates a more secure blockchain economy by protecting organizations from funds from illegal activities such as ransomware hacking, human trafficking and terrorist financing through risk assessment of organizations, addresses and transactions.

The company uses over 350 proprietary risk management algorithms and monitors over 25,000 blockchain objects. It offers transparent and scalable tools to meet the strict regulations of CeFi and DeFi.

Coinfirm, founded in 2016, is based in the UK and has offices in Poland, Canada, France and Japan. More than 300 organizations trust the company to provide RegTech solutions.

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