Kirobo and PureFi announce a strategic partnership on AML compliance

abdelaziz Fathi

Tel Aviv-based blockchain technology firm, Kirobo today announced its integration with PureFi, a decentralized protocol that provides a full-cycle solution for crypto asset analytics and AML/KYC procedures.

A mutually beneficial partnership with a common goal of setting a low-risk entry into DeFi space, Kirobo and PureFi are joining hands to solidify their positions on the market and keep pace with the upcoming cryptocurrency regulations.

The alliance also seeks to strengthen the sector’s security and prevent potential fraud, while at the same time offering a set of guidelines on the crypto dealings. For this purpose, their collaboration is divided into several phases of integration.

In the initial phase, PureFi Beta will integrate with Kirobo’s solution that, in the form of an ‘undo button,’ helps users retrieve crypto transfers they sent in error. On top of that, Kirobo’s users will be able to tap into PureFi’s AML tools to investigate the source of the sender’s funds.

PureFi’s compliance protocol helps mitigate risks of interacting with illicit assets, which, among other things, smooth the process of onboarding institutional investors into DeFi. Doing so, it acts as a filter of high-risk investments while simultaneously maintaining the anonymity of users.

“We are humbled to be partnered up with Kirobo! It always feels great to meet big believers in the potential of cryptocurrency and DeFi and find a way to be useful to each other. I am looking forward to the integration,” said PureFi CEO Slava Demchuk.

“Kirobo is proud to announce a partnership with PureFi, a specialist in AML certificates for DeFi users and operators. This collaboration emphasizes Kirobo’s two main goals: providing a safer experience to crypto users, and advancing the maturity of the crypto ecosystem,” added Kirobo’s CEO and Co-Founder Asaf Naim.

At a later stage, Kirobo plans to launch a farming campaign on the PureFi dashboard to incentivize the community and users.

Within their future interaction, Kirobo will facilitate an introduction to blockchain data platform Chainalysis to “potentially integrate as an additional AML service provider in PureFi solutions.” PureFi will also facilitate integrating Kirobo’s solutions into another sister project, AML Safe.

As such, Kirobo- PureFi’s partnership targets a slew of market participants that have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers. It helps them meet their AML obligations by providing visibility into risky blind spots and enables their KYC processes to detect and perform due diligence on digital asset transactions.

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