Compliance with anti-money laundering (AML) regulations is still one of the biggest challenges facing blockchain and cryptocurrency companies today–not only do these issues have to be dealt with on a global level, but companies have to understand what to look for in terms of high-risk transactions.
Coinfirm’s software tools promise to help bring cryptospace into AML compliance while streamlining the process. One of their most important tools is the creation of their AMLT network, which allows companies to share data about the risk potential of individuals using their networks, the addresses they use, and the transactions they are apart of.
This can help distinguish between legitimate and illegitimate businesses in corrupt places, but also makes the AML process both transparent and democratic.
For more information, visit www.coinfirm.io.