|Key People||Pawel Kuskowski, CEO; Pawel Aleksander, co-founder and CIO; Jakub Fijolek, co-founder and CTO; Grant Blaisdell, co-founder and CMO|
Coinfirm's platform uses computer algorithms and data provided by big data firms to automate anti-money laundering, counterterrorism financing (AML/CTF), and other compliance tasks for fintech firms, especially those using blockchain or digital asset technology. The firm's mission statement says that it wants to help bring greater transparency to the blockchain space. Part of the way it accomplishes this is through the use of its own digital token, AMLT, which is used to rate good and bad actors in the global digital economy based on data provided by an open network of users, which is structured similarly to Messari's token-curated registry.
Partnership with Ripple
In June 2019, Ripple announced that the company had signed a deal with Coinfirm in order to provide AML information about its users. Among the information Coinfirm would provide was details about a quantity of XRP being traded had, at some point, been processed by a "mixer" - an online service designed to launder cryptocurrency by privately exchanging funds from multiple counterparties - or whether the cryptocurrency had come from a known theft or hacking attack. This would potentially make XRP compliant with AML guidelines of the Financial Action Task Force (FATF).
In October 2019, Coinfirm announced that they had begun a joint initiative with global investigations firm Kroll called ReclaimCrypto, to help victims of cryptocurrency-related hacking attacks or Ponzi schemes reclaim their stolen funds. According to Coinfirm's CEO Pawel Kuskowski, the initiative will charge clients success fees on a case-by-case basis.
- Pawel Kuskowski - CEO
- Pawel Aleksander - Co-Founder and CIO
- Jakub Fijolek - Co-Founder and CTO
- Grant Blaisdell - Co-Founder and CMO