Fireblocks Integrates Chainalysis' Know Your Transaction Feature
Fireblocks will now utilize Chainalysis' Know Your Transaction tool to streamline compliance and Anti-Money Laundering measures. Blockchain analysis company Chainalysis is partnering with institutional digital-asset security specialist Fireblocks to integrate its Know Your Transaction (KYT) system to monitor crypto transactions within the platform. According to an announcement on June 15, the addition will strengthen Fireblocks' security standards and Anti-Money Laundering (AML) compliance. Strengthening AML compliance KYT allows users to automatically screen transactions based on risk standards and ensure that non-approved trades aren’t executed without manual review.
Coin Telegraph - 15th Jun 15:06