Moody's and Elliptic Partner to Enhance Risk Screening Capabilities for Virtual Asset Service Providers
Moody's Financial Research has entered into a partnership with blockchain analytics specialist Elliptic, with the aim of strengthening its risk screening capabilities for virtual asset service providers (VASPs). The partnership will integrate on- and off-chain data, including digital asset transaction history, financial records and regulatory databases, to provide a more comprehensive risk assessment of VASPs. The parties plan to use this information to create an “integrated risk engine” to help traditional financial services more effectively address AML and compliance challenges, and Elliptic's Holistic technology will play a key role in the service, tracking the flow of criminal proceeds across the blockchain in an efficient and scalable manner.
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