Sumsub, a verification platform, has partnered with Chainalysis to provide businesses with a solution for Know Your Customer (KYC), Anti-Money Laundering (AML), and transaction monitoring.

According to the press release, Sumsub’s integration of the blockchain analysis firm aims to give users automated transaction monitoring, enhanced fraud detection, and access to a unified dashboard.

Jacob Sever, the Co-Founder and Chief Innovation Officer at Sumsub, mentioned: “Sumsub’s solution-enhanced capabilities, integrated with Chainalysis’ analytics and key management model, are reshaping the landscape of crypto compliance and security in the digital realm.”

“Through this integration, businesses can align with stringent global AML and KYC regulations, fostering trust and confidence in crypto transactions.”

According to Sumsub, businesses can access tools to ensure compliance and combat fraud using the new platform. Besides that, crypto users can benefit as regulations continue to evolve.

Expect ongoing updates as this story