Unizen teams up with CAAG to enhance crypto compliance

abdelaziz Fathi

Unizen is joining forces with blockchain compliance firm CA Crypto Advisory AG (CAAG) as the centralized decentralized finance (CeDeFi) exchange is embarking on a multi-pronged push to boost compliance procedures across its ecosystem.

The deal with CAAG allows Unizen to enhance anti-money laundering (AML) processes like transaction monitoring, due diligence, and regulatory reporting. In close cooperation with head of compliance Siegfried Herzog, Unizen also taps their expertise in analyzing customer behavior, tracing the source of on-chain funds and matching user IDs.

Unizen combines the functionality of first-party and third-party CEX’s and DEX’s in order to meet the needs of both retail and institutional traders. Its exchange platform is able to find cost efficient trades across a multitude of exchange modules, including Binance, to provide reliable performance and a secure environment for high-volume trading. The alliance with CAAG also helps Unizen strengthen its dynamic multi-asset staking.

“We are thrilled to work with CAAG, a well regarded expert in the industry. They have a deep grasp of crypto compliance, transaction processes, safety, and transparency. All these are values that we seek to implement in Unizen, and it means a lot to us to be able to work alongside some of the best in the field to help us realize our vision,” the exchange said.

CAAG offers a suite of blockchain forensics tools and services that allow its customers to analyze cryptocurrency transaction flows, such as identifying hacked or laundered funds. The firm also helps law enforcement and financial regulators in their investigations on crypto-related AML and compliance issues.

“Unizen’s main priority is to build a compliant and secure system where all actors can safely transact in a well-operating environment. Partnerships with experienced regulatory firms like CAAG are crucial for proving a balanced approach to an open transaction environment and transparency,” added Siegfried Herzog, Head of Compliance at Unizen.

The cross-border and stateless nature of cryptocurrencies throws up different challenges to regulators, even if they decide to devise formal guidelines to govern the asset class. As such, digital assets operators, including crypto exchanges, are increasingly turning to compliance solutions to help provide background checks on their customers as they find themselves under increasing scrutiny from regulators over possible violations of securities and AML rules.


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