Utila Integrates with TRM Labs to Enhance AML for Institutional Digital Assets Operations

Utila, an institutional MPC wallet platform, and TRM Labs, a provider of blockchain intelligence, announced a strategic integration to empower institutional clients to integrate AML compliance into their crypto operations workflows, improving risk management capabilities.

Via this latest integration, Utila users will reportedly be able to gain access to TRM Labs’ blockchain intelligence, within their Utila wallet environment.

This translates to significant benefits for institutions, including:

  • Risk insights: Users can monitor the risk profile of all incoming transactions screened by TRM directly within their Utila environment, streamlining their AML compliance workflows and enabling proactive risk management.‍
  • Improver UX: With a single click, users can access detailed “Know Your Transaction” (KYT) information for any incoming or outgoing transactions within Utila. This seamless integration eliminates the need to switch between platforms, and simplifies the investigative process through tools like TRM Investigator.

Morley Gordon, Head of Partnerships at TRM Labs, said that this integration will enable TRM users to gain a “robust” view into the risk levels of all incoming transactions to their Utila wallets—”enriching their compliance posture and improving security.”

Now, TRM users will be able to view a log of transactions in Utila, which will link back to TRM and enable more extensive investigation.

TRM Labs offers blockchain analytics solutions to help law enforcement and national security agencies, financial institutions, and cryptocurrency businesses detect, investigate, and “disrupt crypto-related fraud and financial crime.”

TRM’s blockchain intelligence platform includes solutions to trace the source and destination of funds, identify illicit activity, build cases, and “construct an operating picture of threats.”

TRM is leveraged by businesses that rely on TRM to enable a secure crypto ecosystem.

TRM is based in San Francisco, CA, hiring “across engineering, product, sales, and data science.”

Utila is an enterprise-grade crypto operations platform and an institutional MPC wallet provider. Utila enables organizations to securely manage digital assets across blockchains, wallets, and users on a single platform.

They simplify digital asset management and crypto operations for institutions without “compromising” on security.

Utila claims it has acquired more than $10 Billion in transactions since its inception.



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