Do repost and rate:
Compliance firm TRM Labs has added the Dogecoin blockchain to its suite of servicves, enabling clients to detect fraud and financial crime involving DOGE, currently the world’s fifth-largest cryptocurrency.
- The San Francisco-based firm provides data analytics to monitor risk, detect financial crime and strengthen anti-money laundering (AML) compliance.
- TRM Labs believes the integration of these tools with the Dogecoin blockchain will help market participants in the DOGE ecosystem interact with the network with greater confidence.
- “By integrating with Dogecoin, we offer the ability to detect and investigate cryptocurrency fraud and financial crime, enabling our shared goal of building a safer financial system for billions of people,” said Esteban Castano, CEO of TRM Labs.
- Founded in 2018, TRM Labs raised $4.2 million in funding led by PayPal ventures in November 2019.
- The company appointed former U.S. Treasury and Financial Crimes Enforcement Network (FinCEN) senior advisor Ari Redbord as its head of legal and government affairs in October 2020.
- Increasingly large firms are embracing DOGE for payments – from SpaceX to the Oakland A's.
Read more: Oakland A’s Make MLB’s First Dogecoin Ticket Sale
