Circle Internet Financial, LLC, is a top fintech company that helps companies harness the power and potential of public blockchains and digital currencies for payment, commerce, and finance. Today, it announced that TRM Labs, an intelligence provider, has developed a complete suite of risk management tools. The relationship allows Circle to further enhance their platform’s ability to detect and defend against fraud and financial crime with tools from TRM Labs.

TRM Labs combines raw blockchain data with advanced analytics to help customers identify “on-chain” indicators of money laundering or other illicit activity and trace the flow of cryptocurrency funds to their ultimate source or destination.

This is just the latest of a number of Circle actions that demonstrate a commitment towards collaborating with government and industry on future supervision standards and maintaining those standards in order to build reliable, trustworthy, secure, compliant infrastructure.

Circle will use TRM’s risk management platform to conduct digital currency transaction monitoring, a process for detecting unusual activity and investigating alerts through integrated case management.

“We think the TRM platform is the most comprehensive and accurate way to see financial crime risk in all the assets that we monitor.”
Circle’s Chief Compliance Officer and Risk Officer, Mandeep Walia.

We are well equipped to meet existing regulatory obligations. The addition of TRM’s capabilities to our risk management system will allow us to scale up and adjust as regulatory requirements change.
“Circle provides a unique, collaborative ethos as well as a top-rate team compliance specialists to the TRM community.”
said Esteban Castaño, co-founder and CEO of TRM Labs, underscoring an increasingly proactive effort by many in the crypto ecosystem to implement best-in-class technology and policies that promote trust and safety for users.

We will continue to innovate for our customers and partners by incorporating their feedback.
Financial institutions, cryptocurrency businesses, law enforcement, and regulatory agencies worldwide use the TRM platform to detect, investigate, and report on financial fraud and digital asset theft.

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