Koi Trading, the company supported by Binance Labs, in collaboration with the online risk management platform IdentityMind, has announced the release of a product that provides AML compliance-as-a-service. The development was announced in a press release.
Koi Compliance is intended to be used as an AML CaaS for enterprises providing financial services. The platform supports the digital currency. It is assumed that its implementation will allow companies to focus on conducting their business while Koi Compliance will carry out the “Know Your Customer” (KYC) procedures, monitor transactions, conduct sanctions screening, and keep records.