ComplyAdvantage has announced a new blockchain analysis and transaction monitoring tool.
In Brief:
ComplyAdvantage offers financial crime detection tools.
It’s partnered with Elliptic, which offers crypto asset risk management solutions.
The two have developed a transaction monitoring tool to help cryptocurrency firms detect and avoid financial crime.
What does this mean?
At present, ComplyAdvantage says that monitoring crypto transactions is becoming more challenging and so the partnership will enable fast-growing crypto companies to undertake aspects like AML monitoring and anti-fraud strategies.
