Subscribe to our blog
Get ahead with our award-winning insights on the latest developments in the fraud and compliance landscape. Enter your email below to receive our blog posts directly to your inbox.

IdentityMind powers new plug-and-play AML service for Digital Currency exchanges with Know Your Customer (KYC) and Transaction Monitoring.

PALO ALTO, CA, March 12, 2019: Koi Trading, an innovative OTC trading desk that provides private, efficient, and compliant cryptocurrency liquidity to counterparties around the world, today announced a partnership with IdentityMind, Digital Identities You Can Trust, to provide Anti-Money Laundering (AML) compliance-as-a-service to money services businesses globally under the brand Koi Compliance.

Koi Compliance offers the first plug-and-play AML compliance solution that supports digital currency. Koi Compliance will pair their legal expertise and compliance analysts with IdentityMind’s platform that already supports over 35 digital currency exchanges worldwide. This enables companies to focus on running their business, while Koi Compliance leverages industry best practices to perform the legally required Know Your Customer (KYC), transaction monitoring, sanctions screening, recordkeeping, and regulatory reporting through IdentityMind.

“We’re excited to work with an innovative company like Koi Trading,” said Kieran Sherlock CTO, IdentityMind. “They have created a new way for more entrants into the digital currency space to be compliant from day one, and effectively serve their customers across different markets and geographies while minimizing their regulatory risk.”

“When we first set out to help companies with compliance, we immediately chose IdentityMind as our primary platform,” said Harry Zhou, General Counsel and Chief Compliance Officer for Koi Trading. “IdentityMind’s immense experience in digital currency and their risk-based AML solutions enable Koi Compliance to  provide the best technology-driven digital currency AML compliance services for exchanges, OTC desks and stablecoin projects that face rapidly evolving regulatory landscapes around the world.”

About Koi Trading

With desks in San Francisco, Hong Kong, and Beijing, Koi Trading offers a private, efficient, and compliant OTC pathway for institutional investors and wealth managers to start engaging with blockchain assets. Using a combination of trade algorithms and direct communication channels, Koi Trading connect OTC counterparties with deep liquidities and earn price arbitrage as a near-riskless principal. For more information, please visit: www.koi.trade/compliance.

About IdentityMind

IdentityMind, creator of Trusted Digital Identities (TDIs), offers a SaaS platform for online risk management and compliance automation. We help companies reduce client onboarding fraud and transaction fraud, and improve AML, sanctions screening, and KYC. IdentityMind continuously builds, validates and risk scores digital identities through eDNA™ technology to ensure global business safety and compliance from customer onboarding and throughout the customer lifecycle. We securely track the entities involved in each transaction (e.g. consumers, merchants, cardholders, payment wallets, alternative payment methods) to build payment reputations, and allow companies to identify and reduce potential fraud, evaluate merchant account applications, onboard accounts, enable identity verification services, and identify potential money laundering. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Instagram, Blog, and Google My Business.

Resources

Please send media inquiries to [email protected]

© 2019 IdentityMind. All rights reserved. IdentityMind and the IdentityMind logo are trademarks or registered trademarks of IdentityMind in the United States and other countries. All other brand, service, or product names are trademarks or registered trademarks of their respective companies or owners.