Atomtrans Tech Corp, a financial provider licensed by the Bangko Sentral ng Pilipinas (BSP) partners with Coinfirm, a London-based blockchain technology company focused on compliance as a service to strengthen the security and transparency of locally licensed exchange.
Founded in 2016, Coinfirm provides an advanced Anti-Money Laundering (AML) platform to protect customers from crypto laundering operations. Its software can identify and track criminals who try to conceal their transactions on the internet for their illegal activities. Coinfirm said its accuracy in AML risk reporting, real-time monitoring of all transactions, and fully functional End-to-End AML solution will help Atomtrans Tech Corp combat crypto-based crimes.
According to Pawel Kuskowski, CEO and co-founder of Coinfirm, “By partnering with Atomtrans Tech Corp., Coinfirm leverages crypto-native AML solutions to the critical element of remittances in the global economy, furthering the mass adoption of blockchain.” He also added that as blockchain technology makes every financial transaction faster than traditional technology and more cost-effective, it can bring the much-needed efficiency in the industry while increasing the effectiveness of authorities and companies in combating financial crimes.
William Liu, COO of Atomtrans Tech Corp., states that the collaboration will help create a more secure blockchain ecosystem.
Coinfirm is a leader in blockchain analytics and regulatory technology solutions, creating the foundation for the safe and mass adoption of blockchain and cryptocurrencies. It specializes in blockchain AML/CFT services and fraud investigations and its solutions are already deployed by market leaders ranging from: crypto exchanges such as Binance, protocols such as XRP, to major financial institutions like PKO BP.
Atomtrans Tech Corp offers various digital, blockchain-based payment solutions to multinationals in the Philippines. In January 2020, they launched “ATC exchange,” a local virtual currency exchange platform aimed at providing an avenue for investors to exchange digital currencies at prices determined by the market.
This article is published on BitPinas: Local VCE Atomtrans Partners with AML Compliance Solutions Coinfirm