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AnChain.AI Partners with Law & Forensics to Advance Mainstream Adoption of Cryptocurrency

AnChain.AI, the leading blockchain forensics and intelligence provider, announced its partnership with Law & Forensics, a global legal engineering firm empowering clients around the globe with tailored Cybersecurity, Cyber-warfare, eDiscovery, Forensics, and Privacy solutions. In entering this partnership, the firms strive to advance the compliance posture of cryptocurrency towards mainstream banking and finance, delivering comprehensive, AI-powered investigation services, forensics support, and AML/CFT education to meet both domestic and global regulatory standards.

In the wake of Fall 2020’s cryptocurrency surge, including the high-profile entry of Paypal into the crypto-services industry, the virtual asset economy faces a commensurately dramatic rise in policy-making and regulatory scrutiny. Between the looming FATF recommendations of June 2019, OFAC’s crackdown on ransomware payments to sanctioned states or individuals, and FinCEN’s groundbreaking leveling of $60 million in civil penalties against now-defunct Bitcoin mixer service Helix, crypto-regulation is postured to undergo drastic changes in the coming months.

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“The multi- billion dollar ransomware problem demands a modern solution,” said Dr. Victor Fang, CEO, and Co-founder of AnChain.AI. “With the full capabilities of our AI-powered insight and Law & Forensics’ experience and leadership in cybersecurity law combined to drive policy, education, and crypto-forensic solutions.”

AnChain.AI is providing its industry-leading Blockchain Ecosystem Intelligence (BEITM) to banks, VASPs, and hedge funds worldwide, utilizing its proprietary AI and machine learning to deliver unprecedented transparency and insight into cryptocurrency entities, transactions, and beyond. In collaboration with Law & Forensics, AnChain.AI will provide its groundbreaking investigative and forensics services in support of the construction of bank-grade compliance programs, educational resources, and hands-on training.

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In addition, AnChain.AI is proud to announce the addition of Daniel Garrie, Esq., Co-Founder of Law & Forensics, to its Board of Advisors. As a dominant voice in the computer forensic and cybersecurity space for the past 20 years as both an attorney and technologist, Daniel has led cyber and forensic teams in some of the most visible and sensitive cyber incidents in the United States. Daniel also serves as a Neutral with JAMS and has mediated many complex cybersecurity disputes that often involve millions of dollars involving some of the largest companies and insurance carriers.

“With OFAC advisory warns that facilitating a payment to a ransomware perpetrator may violate U.S. economic sanctions, it is critical that companies have access to rich and detailed insights such as those that AnChain.ai can deliver in a timely manner when dealing with ransomware.”

As investment interest in cryptocurrency continues to grow to unprecedented heights, the race to meet the ever more scrutinizing gaze of international regulators has never been more urgent. AnChain.AI and Law & Forensics are delivering the next generation of AI-powered, crypto-enabled banking solutions, building the foundation of a more legitimate and secure virtual asset economy.

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