Coinfirm is taking the next step in bringing effective AML/CTF compliance and allowing for the transparency and democratization of the financial system by actively involving market participants with AMLT. AMLT used in the Coinfirm AML/CTF Platform is the missing puzzle to bring virtual currencies into the mainstream in a safe, secure and compliant way. It helps exchanges, payments processors, financial institutions and all players in the financial system to manage the regulatory risk related to blockchain value transfer. It allows network members to provide information, rate other market participants and democratically help determine the related risk to entities and counterparties using virtual currencies.
AML/CTF is connected with risk management, not just simply strict laws, rules and regulations to follow. There is also a degree of internal assessment needed by obliged companies to build a correct risk management model. AMLT helps with compliance in an innovative way while by engaging and providing beneficial participation to the users of virtual currencies.