Friday, April 23, 2021

Binance partners with CipherTrace to enhance anti-money laundering compliance

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Binance announced a partnership with CipherTrace, a blockchain security company, with the aim of enhancing the exchange’s anti-money laundering (AML) compliance program.

CipherTrace , a blockchain security company, is teaming up with Binance in order to help the exchange enhance its regulatory compliance. The companies will work together on improving its anti-money laundering (AML) compliance program.

According to Binance’s press release shared with CryptoSlate, the partnership with CipherTrace will raise the exchange’s standards in line with cryptocurrency regulations across the world. Samuel Lim, the chief compliance officer of Binance, said that choosing CipherTrace as its on-chain security solution will help build greater trust among its users.

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