LONDON, July 8th – ICTS, a Brazilian consulting, auditing and technology company with significant experience in the risk management, compliance and security areas, has announced a partnership with leading RegTech and blockchain analytics provider, Coinfirm, to enhance the protection and confidence of the crypto and blockchain economy.
By deploying a platform with advanced Anti-Money Laundering and Combatting the Financing of Terrorism analytics, this partnership will ensure that ICTS conducts effective Enhanced Due Diligence, do deep-dive investigations and counter the myriad of fraud schemes in the crypto asset space.
“The partnership with Coinfirm enables our analysts to evaluate transactions and portfolios on numerous blockchains, identifying those that are linked to higher rates of risk, such as money laundering (such as pyramid schemes), bribery and corruption, criminal activity in general, or related to internationally sanctioned or reported entities. This is a big step towards greater protection and transparency for customers and cryptoactive providers.” – Thacio Chaves, ICTS Partner and Due Diligence Director.
ICTS has a broad range of touchpoints in the traditional economy of South America and beyond, putting the firm in a prime position to take advantage of the mainstream acceptance of crypto assets. Brazil, particularly, is experiencing exponential growth in uptake of the technology, bringing both opportunities and risks to stakeholders.
“Cryptocurrency’s intersectionality with the traditional economy is growing with more criminals turning to the asset class as a vehicle to fund terrorism, conduct trade in illicit goods and launder proceeds. We are proud to partner with ICTS in leveraging blockchain analytics and compliance solutions to counter these threats.” – Pawel Kuskowski, CEO and co-founder of Coinfirm
Founded in 2016, Coinfirm provides a full suite of solutions that automate and streamline AML/CFT compliance and analytics for cryptocurrencies. The AML Platform possesses multiple tools such as case management, visualizations, reports and blacklisting, among others. Powered by 330 proprietary risk check data point algorithms of crypto crime from SDNs.
Coinfirm is the world leader in blockchain analytics and regulatory technology solutions, creating the foundation for the safe and mass adoption of blockchain and cryptocurrencies. Coinfirm specializes in blockchain AML/CFT services and fraud investigations. It offers the industry’s largest blockchain coverage, supporting over 1,500 crypto assets. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions and governments. In addition to the AML Platform, the company’s services also include Trudatum and Nodes-as-a-Service. Coinfirm is the first firm to offer an AML compliance solution to DeFi in the form of the AML Oracle.
For more information visit: https://www.coinfirm.com/
ICTS is a Brazilian consulting, auditing and technology company, with large experience in the risk management, compliance and security areas. ICTS provides to its customers protection in the present and confidence in the future.
It operates in the market with two line of business: ICTS Protiviti, which combines ICTS’s technological platform of specialized services – whistleblowing channel, third-party due diligence, monitoring of fraud and unethical behaviour, and online training, with Protiviti’s global reach, knowledge and innovation in risk management, compliance, data protection and privacy, internal audit and business investigation; and ICTS Security, which offers consulting and management services for corporate, personal and residential security services, based on a preventive approach and use of intelligence and cutting-edge technologies.
Recognized with the Pró-Ética (pro-ethics company) seal since 2015, ICTS employs around 400 professionals and serves more than 800 clients, including 40% of the 200 largest business groups in Brazil, from its 4 offices located in São Paulo, Rio de Janeiro, Belo Horizonte and Barueri.
For more information visit: www.icts.com.br