Globex Announces Addition of Ethereum Wallet Forensics to AML Screening Solution

Blockchain software solutions company GlobexUS Holdings, Corp. (Globex) announced on Wednesday the launch of its new Ethereum wallet forensics feature, which has been added to AMLCop, its proprietary AML software solution.

According to Globex, the new feature allows AMLCop to continually screen Ethereum wallets against a database of wallet addresses directly or indirectly involved in phishing, hacks, or scams.

“AMLCop offers ERC-20 issuers and all companies accepting the Ether cryptocurrency an enhanced AML compliance solution to protect against money laundering and other illicit transactions.”

While sharing more details about the feature, Globex CEO, Brian Collins, stated:

“With regulatory pressure in the U.S. and a new global standard for AML presented by the FATF, compliance can no longer take a backseat. We are thrilled to provide our clients with new and relevant search criteria to enhance AML efforts and protect market participants from bad actors.”

Globex President, Mark Elenowitz, went on to add:

“Through AMLCop’s hosted web portal, companies can run unlimited checks, and re-checks, against the database, manage flagged individuals, and maintain timestamped reports of all AML verifications on the Ethereum public blockchain. Adding Ethereum wallet monitoring continues our vision of providing the blockchain and financial community with a true one-stop solution for blockchain compliance.”

As previously reported, Globex offers integrated blockchain software applications for the compliant issuance and secondary trading of digital securities. Current tools include tokenization, AML/KYC, custody and more. The company notably explained that it has developed a dollarized secondary trading solution to provide greater liquidity assurance to investors and offer investors the ability to take part in the secondary market.

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