Cryptocurrency exchange Marexbit announced a partnership with Eventus Systems to track suspicious transactions and comply with anti-money laundering (AML) regulations.
Eventus Systems specializes in risk management and compliance. The director of compliance said that this collaboration will allow the exchange to not only better comply with regulators, but also set standards for others in the crypto industry.
Eventus Validus technology will improve the process of tracking illegal trading on Marexbit, which will allow for more efficient detection of abusers and prevention of money laundering.
Marexbit CEO said the firm invested significant resources last year to refine the technology, which is aimed at large digital asset market operators.