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Acuant integrates crypto AML solutions from Chainalysis

Rick Steves

Acuant provides comprehensive AML solutions to more than 50 crypto exchanges and blockchain businesses worldwide.

Acuant has partnered with Chainalysis to help financial institutions and cryptocurrency businesses assess risk, automate workflows, safeguard against illicit transactions and protect their reputations with superior Anti-Money Laundering (AML) solutions.

As institutions adopt the digital asset class into their trading platforms and investment portfolios, their fraud prevention, and AML compliance must be up to date when it comes to crypto in order to seamlessly manage transactions that are indicative of higher risk.

The partnership will allow Acuant customers to gain access to the Chainalysis Know Your Transactions (KYT) as well as their graphical investigative software, Chainalysis Reactor, which can be used to follow the flow of funds across the blockchain for deeper investigations. The integration of Reactor and KYT strengthens Acuant Compliance native cryptocurrency support with Chainalysis investigative interface.

Jordan Bregman, Director of Business Development at Chainalysis, said: “We at Chainalysis believe cryptocurrency has the potential to boost the global economy, making a more equitable, fair, and accessible financial infrastructure. In order to realize this vision, we need to establish greater trust and transparency. Our partnership with Acuant brings us closer to this goal and we’re excited to see our progress within the next few years.”

Jose Caldera, Chief Product Officer at Acuant, commented: “Our partnership with Chainalysis will further augment our support to the cryptocurrency industry. This partnership is bringing together and integrating the top Anti-Money Laundering solutions in the marketplace today. We look forward to working with Chainalysis to strengthen our platform and to continue to be a leading solutions provider in the crypto space.”

Acuant Compliance has native support for cryptocurrencies along with integrated Know Your Customer (KYC), transaction monitoring for fraud prevention and suspicious activity detection, sanctions and PEP screening, case management, and multijurisdictional regulatory filing protects millions of cryptocurrency transactions worldwide.

The firm provides comprehensive AML solutions to more than 50 crypto exchanges and blockchain businesses worldwide.

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