Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product
Cointelegraph
Published Mar 12, 2019 08:00PM ET
Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product
Binance-backed over-the-counter (OTC) desk Koi Trading has partnered with IdentityMind, a platform for online risk management, to develop an Anti-Money Laundering (AML) compliance-as-a-service product. The development was announced in a press release published on March 12.
The parties have reportedly released an AML compliance-as-a-service product dubbed “Koi Compliance,” supporting digital currency and targeting money services businesses. The new platform will purportedly enable companies to focus on conducting their business, letting Koi Compliance to perform Know Your Customer (KYC) procedures, monitor transactions, conduct sanctions screening, and keep records.
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Written By: Cointelegraph
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