COINFIRM
Coinfirm, the leading crypto AML compliance and illicit asset tracing solution provider, is announcing the expansion of the Atomic AML Oracle to cover an additional 8 blockchains, further strengthening subscribers’ crypto compliance.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220921005633/en/
Coinfirm AML Oracle (Graphic: Business Wire)
In line with the FATF’s (Financial Action Task Force’s) recommendations, published in its Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers document in October of 2021, DeFi operators are to be viewed as Virtual Asset Service Providers (VASPs). In response to this move, Coinfirm created the Atomic AML Oracle.
An ever-increasing number of national regulators are looking to place decentralised finance (DeFi) firmly under their respective anti-money laundering remits, to continue combatting terrorism financing, fraud, scams and other illicit activities. Along with the FATF, these organisations include the CFTC and the SEC in the U.S., whereas recommendations published in documents like MiCA (Markets in Crypto Assets) published by the European Commission will set the tone for DeFi regulation in the EU.
The new blockchains to be covered by the AML Oracle are the Abitrum, Avalanche, BNB Smart Chain (BSC), Celo, Fantom, Optimism and Polygon chains. Coming soon to the Atomic AML Oracle will be the implementation of the Ethereum Classic and RSK blockchains, further increasing its reach.
The number of addresses blacklisted – covering the OFAC sanctions lists, terrorism financiers, narcotics traffickers, arms dealers, major recent hacker wallets, and other high-risk flags – by the service has grown steadily to encompass 1,000 on each blockchain supported by the Atomic AML Oracle. Batches of ca. 20 addresses are added to the blacklist per week as they are added to the OFAC sanctions list and numerous other global databases listing bad actors’ addresses – continuously curtailing their ability to operate in the crypto space.
The Oracle has been generating increasing user interest since the launch of the Oracle on Ethereum in May of 2022 – so the Oracle’s freemium trial has now ended. To continue gleaning deep, risk-mitigating insights from the Atomic AML Oracle, contact Coinfirm for a monthly subscription and licence.
About Coinfirm
Coinfirm is the world leader in blockchain analytics and RegTech solutions, creating a safer blockchain economy – by protecting entities from being tainted with funds originating from illicit activities like ransomware hacks, human trafficking and terrorist financing – through risk scoring entities, addresses and transactions.
The company, using 350+ proprietary risk algorithms while monitoring 25k+ blockchain entities, provides seamless, scalable tools to comply with stringent regulatory requirements for both CeFi and DeFi.
Founded in 2016, Coinfirm is headquartered in the UK, with the company retaining offices in Poland, Canada, France and Japan. Over 300 entities have trusted the company to provide RegTech solutions.
For more information visit: www.coinfirm.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220921005633/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Scientist.com Wins Supplier Management Excellence Award at B2B Ecommerce Awards6.11.2025 15:43:00 CET | Press release
AI-enabled R&D orchestration platform honored for innovation and leadership in supplier integration and governance Scientist.com, the leading AI-enabled R&D orchestration platform for the life sciences, has been named the winner of the Supplier Management Excellence award at the prestigious B2B Ecommerce Awards. The honor recognizes organizations that set new standards in supplier network innovation, integration, and performance to deliver superior customer value. “Winning this award is a tremendous honor and a testament to our team’s relentless focus on simplifying and accelerating R&D,” said Andrew Nashed, VP, Supplier Relations at Scientist.com. “Our platform automates and optimizes the complex process of supplier management, enabling scientists to focus on innovation while we handle compliance, integration, and operational efficiency.” Scientist.com was recognized for its industry-leading approach to building and managing the world’s largest network of scientific service providers.
Holiday’s Hottest Gift: Yubico Deals Drop Just in Time to Block Every Hacker’s Wish List6.11.2025 15:00:00 CET | Press release
Cybersecurity tips from Yubico show how to stay safe online this holiday season Yubico (NASDAQ STOCKHOLM: YUBICO), the creator of the most secure passkeys and the leading provider of hardware authentication security keys, today shared essential tips to help consumers secure their accounts during some of the year’s riskiest digital months and announced its biggest sale of the year: 30% off the YubiKey 5 NFC and 5C NFC from November 24th - December 1st. A recent survey from Yubico highlights the urgency: most people believe online scams and phishing attempts have become more sophisticated (78%) and more successful (70%) due to the use of artificial intelligence (AI). And just in time for the holidays, the most common compromised passwords were found to be for online shopping websites and social media apps. “It’s that time of the year when we see an uptick in phishing attacks due to the increase in holiday shopping, and scammers thrive when shoppers are distracted. With AI accelerating an
CoMotion GLOBAL 2025 Unveils ‘Mayors in Motion’ Initiative: 100+ City Leaders to Accelerate Urban Innovation6.11.2025 15:00:00 CET | Press release
With the first 20 Mayors announced, leading city officials from around the world are convening in Riyadh December 7–9 to advance policies, partnerships, and innovations driving the future of mobility and urban transformation. CoMotion GLOBAL, the world’s most influential gathering of urban mobility leaders, today announced the launch of Mayors in Motion, a landmark initiative uniting more than 100 global mayors and city leaders to accelerate urban innovation and sustainable development. The program will debut at the upcoming CoMotion GLOBAL conference in Riyadh, December 7–9, underscoring the summit’s growing role as a catalyst for collaboration among the world’s most forward-thinking cities. Designed to drive progress toward more connected, sustainable, and inclusive cities, Mayors in Motion will serve as a powerful global network for city leaders to exchange insights, coordinate strategies, and champion practical solutions. Through this coalition, participating mayors will collaborat
FIA Collaborating With Leading American University to Examine the Role of AI in Tackling Online Abuse in Sport6.11.2025 15:00:00 CET | Press release
FIA’s United Against Online Abuse campaign expands into the United States for the first time, through a new academic collaboration Research collaboration with the University of Notre Dame will focus on online abuse in sport, with a particular emphasis on artificial intelligence and its role in preventing harm The University of Notre Dame signed the UAOA Charter last month at its annual conference in Stockholm, Sweden The Fédération Internationale de l'Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, has today announced a landmark research collaboration with the University of Notre Dame, a leading research university in the United States. Supported by the FIA Foundation, the collaboration will strengthen the global response to online abuse in sport through joint research and innovation. The agreement sets out a framework for collaborative research projects between the FIA and the University of Notre Dame. These will foc
ZAPI GROUP Advances High-Voltage Capabilities for Sustainable Agricultural Machinery6.11.2025 15:00:00 CET | Press release
Integrated electrification solutions enable OEMs to build networked, efficient farming systems ZAPI GROUP, a global leader in electrification technology, will showcase its latest advancements in integrated high-voltage solutions at AGRITECHNICA 2025, taking place in Hannover from November 9 to 15. These new capabilities directly speak to the show’s guiding theme, "Touch Smart Efficiency," by providing an integrated electrification platform for innovative, networked agricultural systems. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251106262265/en/ ZAPI GROUP’s integrated solutions for electric agricultural machinery ZAPI GROUP’s new capabilities help agricultural Original Equipment Manufacturers (OEMs) increase efficiency, sustainability, and productivity through high-voltage power management and intelligent system integration. The exhibited solutions are engineered to meet the robust demands of next-generation electric ag
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom