RIDDLE&CODE and Coinfirm Partner to Ensure Regulatory Compliance with New AML Services

25 Nov, 2020

RIDDLE&CODE has engaged RegTech provider Coinfirm to leverage the most comprehensive AML compliance solution for digital asset management.

As part of its Digital Asset Management RIDDLE&CODE builds and maintains the digital asset infrastructure for banks, cryptocurrency exchanges, and funds. The surging wave of blockchain, cryptocurrency, and digital token adoption is a central pillar to the new digital economy and ensuring the security of these assets is of high importance to all stakeholders in the industry. Coinfirm will strengthen RIDDLE&CODE’s compliance with AML checks – utilizing the RegTech’s expansive coverage of blockchain assets and the firm’s AML platform.

Alexander Koppel, CEO of RIDDLE&CODE, commented: “With our Digital Asset Management Solution, we developed a modular platform to manage digital assets and enable the tokenization of physical non-bankable assets. Each of these business models requires the highest level of security and compliance with financial and regulatory provisions. We are proud to partner with Coinfirm to strengthen our products with their first-class expertise.”

By collaborating with Coinfirm, RIDDLE&CODE will leverage the best compliance expertise in accordance with the FATF’s “Travel Rule”, the EU’s AMLD5, and other global and national regulations.

“Occasionally a true pioneer makes its mark on the market. RIDDLE&CODE is a new age organization that is spurring adoption of the next wave of technological capability and mass adoption that digital asset custody brings. Coinfirm is proud to support RIDDLE&CODE in blockchain compliance”, said Pawel Kuskowski, CEO and co-founder of Coinfirm.

Coinfirm’s AML platform consists of 270+ risk indicators able to catch nefarious actors with red flags for anything from AML and Countering the Financing of Terrorism to combatting fraud and darknet drug trafficking. Alongside this array of indicators, the firm boasts the largest coverage of cryptocurrencies being monitored in the blockchain space – making Coinfirm ideally positioned to help innovative pioneers utilizing blockchain technology.

Source: Press release Riddle&Code


More information on current partnerships in the digital asset custody business can be found in our News section.

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