UNBOUND Increased Blockchain AML compliance for digital assets

UNBOUND Increased Blockchain AML compliance for digital assets

Unbound Tech the global leader for institution-grade digital asset protection, management, and governance has partned  with CipherTrace, the cryptocurrency intelligence leader. Unbound Tech's Crypto Asset Security Platform (CASP) already provides tier-1 financial services and global banks with the governance tools to enact cryptographically-defined workflows for all digital asset transactions – including workflows to ensure segregation of authority, anti-money laundering (AML) and fraud regulations are being kept.

Now, CipherTrace's integration will allow top-tier financial institutions not only with the governance tools to manage digital assets, but also with real-time AML and risk tracking for all cryptocurrency and digital asset holdings under their supervision. "CipherTrace is the world's leader in cryptocurrency intelligence, with the most comprehensive tracing, risk scoring and threat detection on the market," said Rocco Donnino, Vice President of Strategic Alliances at Unbound Tech. "Our partnership enables us to deliver a one-stop shop for customer compliance and asset security."

This partnership will enable institutional custody and exchange providers to manage their digital asset compliance and governance from a unified platform and expand their services beyond the crypto-native sector into the traditional financial services market.

"CipherTrace currently serves leading banks, cryptocurrency exchanges, digital asset businesses and regulators ," said Stephen Ryan, Chief Operations Officer at CipherTrace. "We're excited to partner with Unbound to bring our cryptocurrency risk scoring, intelligence, and real-time asset tracking to the institutions which need it most: mainstream financial services institutions and global banks with complex regulatory and compliance requirements to fill."

Source: unbound
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