We offer a variety of crypto products and services millions of clients in 190+ countries. Last year, we received data requests from law enforcement and government agencies located in 71 countries.
Combined global law enforcement and regulatory agency requests increased 38.6% in 2024 vs. 2023
U.S. agencies issued 28.6% of all data requests in 2024
Kraken received 6,826 data requests in 2024; the U.S. issued the most (1,951) of any country, as it has in prior years. The FBI had the most requests (614) of any U.S. agency:
While U.S. agency requests were spread across the federal, state and local levels, most of the requests received were from law enforcement agencies. The most common requests from U.S. agencies for which data was provided were:
While the SEC represented just 1.9% of total U.S. agency requests, they issued 37.3% of all U.S. regulatory agency requests:
We provided data for 57% of requests
Data was requested for 10,369 total accounts – most often for clients located in the U.S. (34.5%), the U.K. (8.8%) and Germany (8.5%).
Many types of information requests are received, and Kraken has strict policies and procedures to comply with laws and regulations and protect client privacy while supplying data when we have a legal obligation to do so.
Driven by our dedicated team of compliance experts
Our Compliance Team consists of seasoned AML professionals, attorneys, former law enforcement officers, Association of Certified Anti-Money Laundering Specialists (ACAMS)-certified analysts and many other professionals with cryptocurrency-related accreditations.
They work to ensure we conduct appropriate investigations and monitoring for our clients and the industry. To efficiently and professionally meet law enforcement and regulatory agency requests, we continue to expand and strengthen our compliance program.
Industry-leading data security practices
The privacy of your personal information is very important to us. We relentlessly work to protect your information through the dedicated design efforts of our Security Team as well as our Data Privacy team. For more than a decade, we’ve been building an industry leading security practice led by some of the top security experts in the world:
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
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Author: KrakenFX
