The companies will combine their strengths to provide enhanced virtual asset service providers screening ability.
The Moody’s financial research and ratings firm has teamed up with blockchain analytics and compliance specialists Elliptic to provide more insightful screening of virtual asset service providers (VASPs). According to the companies, the collaboration will leverage offchain and onchain data in a single interface.
The new service will take input such as digital asset transaction histories, financial records and regulatory databases to create a “comprehensive overview” of VASPs.
Elliptic has profiles of over 1,000 VASPs and uses real-time onchain data and proprietary technology to screen digital asset transactions for exposure to illicit activities. Moody’s offchain data includes over 21 million risk profiles, 489 million entities and 51,000 sanctioned entities, it claims. It uses the data to produce Anti-Money Laundering (AML) and Know Your Customer solutions for its clients.
