DeFi

Are DEXs widely used to launder money and finance terrorism? Scorechain report on the State of ML/TF through DEXs in 2020

Key takeaways: Since last year, there has been a boom in the usage of DeFi protocols and platforms, and amongst them DEXs. An increased risk of ML/TF derives from DeFi and DEXs due to a lack of KYC/AML standards. Scorechain released a report to analyze the state of ML/TF through »

Scorechain is the first crypto AML provider to read through Decentralized Exchanges transactions to prevent money laundering and terrorism financing

The leading Risk-AML software for cryptocurrencies can now provide Scoring & Red flags for transactions processed through decentralized exchanges to prevent money laundering and reduce criminal activity through DeFi. Scorechain is able to provide AML/CTF for any Dex trades Decentralized Finance (aka. DeFi) is widely used today and is becoming »