Gatecoin, a Hong Kong-based cryptocurrency exchange, announced it has integrated the Coinfirm AML (Anti-Money Laundering) risk and compliance platform and joined their AMLT Network as a Member.

Since launching in 2015, Gatecoin has always complied with AML and KYC (Know Your Customer) obligations set out in Hong Kong and international legislation, regulations, rules and Industry Guidance for the financial services sector. With the Coinfirm AML Platform, Gatecoin will bring better security for its traders, while simplifying the registration process for crypto-to-crypto trading.

Headquartered in London, Coinfirm has been a pioneer and innovator in the AML space for blockchain and cryptocurrencies. The blockchain agnostic Coinfirm AML Platform enables the real-time analysis of Bitcoin, Ethereum, NEO, Dash, Hyperledger and other blockchains for AML and compliance purposes, using proprietary algorithms and more than 200 risk indicators. Already working with major financial institutions, exchanges, and other regulated enterprises, Coinfirm is pleased to welcome Gatecoin as a partner and AMLT Network Member.

Gatecoin has also joined the AMLT Network, a Coinfirm created system, and a tool to bring better transparency and security into the blockchain ecosystem. Coinfirm recently launched its AMLT Network with an integrated token that not only gives a voice to anyone in the market but rewards them for doing so. Attached to the Coinfirm AML Platform used by anyone ranging from banks to crypto exchanges, AMLT aims at limiting potential damage caused by fraud and nefarious actors while limiting their incentives to do such actions in the first place. The system also allows submitting positive and personal data to provide better transparency between trusted transaction parties.