CipherTrace Welcomes Crypto Risk Intelligence Products for Banks

Cipher Trace claims that its research unit has found that every one of the United States’ top 10 commercial banks has unregistered cryptocurrency businesses using their payments networks to process funds. According to Anti-Money Laundering (AML) compliance challenge this poses for financial institutions, CipherTrace has launched a new Crypto Risk Intelligence product, designed to help banks to reduce crypto-related risks on their payment rails.

 

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