As a home-grown AML solution provider, Remitex Technologies Ltd. (RETL), an AJMS Group Entity, has been in the forefront to introduce solutions created for the present and future. With the crypto asset class experiencing wider acceptance by the traditional financial system as well as mass popularity in retail, the possibility of the end users – especially first-time users - being caught unaware of inherent risks of crypto assets, has increased.
RETL has joined hands with Coinfirm, the industry-leading crypto AML and analytics provider, to enhance RETL’s DIGI Comply Tool to include a Risk-based AML/CFT platform for crypto assets by integrating Coinfirm’s AML Platform. Key features include risk C-score analysis, financial analysis of wallets and state-of-the-art crypto investigatory and monitoring tools. The enhanced version of DIGI Comply will be an indispensable tool for any crypto entity as the reports will provide an in-depth risk score for coins, wallets and transactions – alerting users of potential ML/TF risks based on hundreds of indicators.
Announcing this partnership, Abhishek Jajoo, Founder of RETL, said that “We are excited to partner with Coinfirm to enhance our award-winning, DIGI Comply Solution by including Crypto AML risk and compliance.” He further added, “Together, we have introduced a first-of-its-kind solution catering to increased crypto compliance requirements in the marketplace. We are proud to launch the first crypto screening infrastructure in the Middle East, i.e., the DIGI Comply suite of products, which will provide a complete financial compliance solution.
Mircea Mihaescu, CEO of Coinfirm, welcomed the firm’s first partner in the Middle East in the following words, “We are looking forward to working with RETL and their ecosystem to ensure that they are adequately safeguarded, when exposed to new technology and payment methods. As blockchain and crypto gain greater adoption, by partnering with RETL, we are forging a bridge in the MENA region, which encapsulates all possible threats and provides a one-stop-solution for AML compliance for TradiFi and crypto businesses.”
