Chainalysis, the blockchain analysis company, and A&D Forensics, Africa’s leading blockchain and financial forensics firm, has announced a partnership that will further Chainalysis’ coverage of the African cryptocurrency landscape. In April, Chainalysis announced the launch of its partnership program, which targets key infrastructure providers to broaden cryptocurrency transaction monitoring via simpler integrations, distribution partners in new global markets, and data providers to bolster Chainalysis’s intelligence on the legitimate and illicit services that use cryptocurrency to transact.
A&D Forensics joins the program as Chainalysis’ first investigative partner in Africa, offering law enforcement customers investigatory services using Chainalysis Reactor to help identify and stop bad actors who are using cryptocurrencies for illicit activity such as ransomware, darknet markets, scams, money laundering, and more. This comes at a time when establishing proper compliance procedures and leveraging robust investigative tools is more critical than ever, as jurisdictions around the world scrutinize the cryptocurrency industry.
“Chainalysis is dedicated to building trust in blockchains across both private and public sectors,” said Jason Bonds, Chief Revenue Officer, Chainalysis. “by partnering with A&D Forensics, we’re continuing to expand our reach into new jurisdictions and responding to the increased demand for both cryptocurrency investigation and compliance solutions.”
“Both Chainalysis and A&D Forensics are committed to promoting the safe adoption of cryptocurrencies by building trust among financial institutions, governments, and cryptocurrency businesses,” said Adedeji owonibi Senior Partner at A&D Forensics “by partnering with Chainalysis, we’re providing the African cryptocurrency ecosystem with the investigative and compliance technology that it needs to fully understand blockchain activity.”
Chainalysis maps blockchain transactions to real world entities so that financial institutions, government agencies, and cryptocurrency businesses can detect and investigate suspicious cryptocurrency activity. By expanding into the African region, local law enforcement can increase their investigative capacity by leveraging Chainalysis Reactor, the company’s cryptocurrency investigation software; Financial institutions can vet new opportunities and navigate risks in cryptocurrency through Chainalysis Kryptos; and by using Chainalysis KYT (Know Your Transaction), cryptocurrency businesses can monitor large volumes of cryptocurrency activity and identify high risk transactions on a continuous basis.
Chainalysis is the blockchain analysis company providing data and analysis to government agencies, exchanges, and financial institutions across 40 countries. Our investigation and compliance tools, education, and support create transparency across blockchains so our customers can engage confidently with cryptocurrency. Backed by Accel, Benchmark, and other leading names in venture capital, Chainalysis builds trust in blockchains. For more information, visit www.chainalysis.com.
About A&D Forensics
A&D Forensics has been in the forefront of Financial and Blockchain Forensics Services helping to combat fraud within the Blockchain and Cryptocurrency ecosystem and trainings to law enforcement in Sub-Saharan Africa, The firm was part of VASP Inter-Messaging working group that came out with the recent IVMS 101 standard aim at helping VASP comply with FATF travel rule, and currently working with within Global Digital Finance (GDF) AML/CFT working Group. Its Founding Partner was also recently appointed by the Security and Exchange Commission of Nigeria as a member of its Virtual Asset Regulatory Framework Drafting Committee to help bring sanity to the cryptocurrency business and safeguard the interest of Nigerians who are keen to using the emerging Blockchain Technology and the benefits it affords.
For more information, visit www.adforensics.com.ng
Media Contact for Chainalysis:
Director of Communications
Media Contact for A&D Forensics:
Adedeji E. Owonibi