AJMS Group, a homegrown solution provider, Remitex Technologies Limited. (RETL) has announced a deal with Coinfirm to offer Crypto AML screening.
Remitex Technologies Ltd. (RETL), an AJMS Group Entity, has been at the forefront of introducing solutions designed for the present and future as a homegrown AML solution provider. The danger of end-users – particularly first-time users – being caught unaware of the inherent risks of crypto assets has increased as the crypto asset class has gained wider recognition by the traditional financial system as well as mass popularity in retail.
By integrating Coinfirm’s AML Platform into RETL’s DIGI Comply Tool, the industry-leading crypto AML and analytics provider has enhanced RETL’s DIGI Comply Tool to incorporate a Risk-based AML/CFT platform for crypto assets. Risk C-score research, financial analysis of wallets, and cutting-edge crypto investigation and monitoring tools are just a few of the highlights.
The updated edition of DIGI Comply will be a must-have tool for any crypto organization, as the reports will include an in-depth risk score for coins, wallets, and transactions, warning users of potential ML/TF concerns based on hundreds of indications.
“We are thrilled to join with Coinfirm to strengthen our award-winning, DIGI Comply Solution by integrating Crypto AML risk and compliance,” RETL Founder Abhishek Jajoo said in a statement announcing the agreement. “Together, we’ve built a first-of-its-kind solution catering to the marketplace’s rising crypto compliance requirements,” he continued.
The DIGI Comply suite of solutions, which will provide a complete financial compliance solution, is pleased to be the first crypto screening infrastructure in the Middle East.
Mircea Mihaescu, CEO of Coinfirm, welcomed the firm’s first partner in the Middle East in the following words, “We are looking forward to working with RETL and their ecosystem to ensure that they are adequately safeguarded when exposed to new technology and payment methods. As blockchain and crypto gain greater adoption, by partnering with RETL, we are forging a bridge in the MENA region, which encapsulates all possible threats and provides a one-stop-solution for AML compliance for TradiFi and crypto businesses.”
