Aug 6, 2024

Share this post: AMLYZE , a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks, and crypto businesses, is excited to announce a new strategic partnership with Notabene , a pioneering platform dedicated to identifying and stopping high-risk crypto activity before it occurs. This collaboration comes following the European Banking Authority’s (EBA) issuance of new Guidelines in early July on the ‘travel rule’, aimed at combating money laundering and terrorist financing in crypto transactions. The EBA’s new Guidelines specify the information that must accompany transfers of funds and certain crypto assets, detailing the steps payment service providers (PSPs), intermediary PSPs (IPSPs), crypto-asset service providers (CASPs), and intermediary CASPs (ICASPs) should take to detect missing or incomplete information. These Guidelines are designed to establish a consistent and effective approach to implementing the travel rule across the EU, ensuring relevant authorities can trace transfers to prevent, detect, or investigate financial crimes. Notabene’s SafeTransact platform offers a secure, holistic view of crypto transactions, empowering customers to automate real-time decision-making, perform counterparty sanctions screening, identify self-hosted wallets, and comply with global Travel Rule regulations. SafeTransact allows users to leverage intelligent insights from transaction data to make informed compliance decisions and tailor customizable rule engines to match specific risk appetites. “This partnership with Notabene is a significant milestone for us,” said Jekaterina Govina, Co-Founder and Head of Partnerships at AMLYZE. “Combining Notabene’s technology for crypto payments monitoring with our regulatory insider expertise in anti-money laundering (AML) and counter-terrorist financing (CFT) will provide for clients of both companies with a comprehensive solution to navigate the complex regulatory landscape of both fiat and crypto transactions. This collaboration ensures that financial institutions and Crypto Asset Service Providers (CASPs) can maintain robust compliance frameworks and protect themselves against evolving financial threats.” Notabene’s platform connects users with over 1200 CASPs, enabling them to identify entities and jurisdictions behind crypto addresses and ensure compliant transactions with any wallet, including self-hosted wallets. The platform’s capabilities align seamlessly with AMLYZE’s comprehensive suite of anti-financial crime solutions, which include real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, and customer and payments screening for PEP, sanctions, and adverse media. This partnership is particularly crucial for the crypto sector, where AML/CFT requirements are now just as rigorous and immediate as those for fiat-related payments. Businesses seeking a comprehensive solution for both fiat and crypto payments will greatly benefit from this collaboration. “Partnering with AMLYZE allows us to extend our reach and impact in the realm of financial crime prevention,” said Pelle Braendgaard, CEO of Notabene. “AMLYZE’s deep understanding of regulatory compliance and financial crime, combined with the unmatched reach and power of our SafeTransact platform, offers a formidable toolset for financial institutions. Together, we can deliver a comprehensive, integrated solution that addresses the unique challenges of the crypto and fiat markets, ensuring enhanced security and compliance for our clients.” The partnership between AMLYZE and Notabene represents a significant step forward in the fight against financial crime in the crypto industry. By leveraging the strengths of both companies, financial institutions can enhance their compliance frameworks, mitigate risks, and ensure adherence to the latest regulatory standards. People In This Post Crypto Fintech Fintech Fintech Fintech