Dash Integrated with TRM Labs to Expand Anti-Financial Crime Monitoring Capability | Financial Buzz

Dash Integrated with TRM Labs to Expand Anti-Financial Crime Monitoring Capability

Dash, a payments-focused cryptocurrency featuring instant transactions and low transaction fees, has been integrated with TRM Labs, ​a leading blockchain analytics provider, to enable anti-financial crime monitoring of transactions conducted in Dash.

TRM is a blockchain intelligence firm that helps organizations identify financial crime risk in blockchain-based transactions, wallets, addresses and related entities.

Because of its speed, Dash is one of the most frequently used cryptocurrencies for point-of-sale transactions and is accepted at well over 150,000 physical merchant locations. Due to its low fees and fast transactions, Dash is particularly popular in regions where technical access barriers exist to traditional payment systems, or where hyperinflation has made existing currency impractical to use. For example, in Venezuela Dash accounts for over 26% of in-store crypto transactions, more than any other cryptocurrency, according to the country’s largest crypto payment processor Cryptobuyer.

“It is important for Dash to be supported in the leading platforms that exchanges use to meet their AML obligations. TRM Labs has emerged as a preferred provider for many of our exchange partners, so it is great news that Dash support was added,” says Ryan Taylor, the CEO of Dash Core Group, one of the development organizations supporting Dash. “It means exchanges utilizing TRM Labs can continue to confidently list Dash for their users.”

“By integrating with Dash, we enable organizations, including virtual asset service providers who want to list Dash, the ability to detect cryptocurrency fraud and financial crime and strengthen their compliance with AML/CFT regulations,” says Esteban Castaño, co-founder and CEO of TRM Labs.

The integration provides all TRM users with access to Dash network data and the ability to leverage TRM tools including:

  • Transaction Monitoring: Real-time risk scoring of cryptocurrency transactions for AML compliance, sometimes known as Know-Your-Transaction or KYT
  • Wallet Screening: Proactive screening of cryptocurrency addresses for sanctions and AML compliance
  • VASP Due Diligence: Comprehensive risk profiles of “Virtual Asset Service Providers” (VASPs) and other digital asset businesses
  • Forensics: Investigative tools to trace the source and destination of funds and link high-risk addresses to real-world entities

TRM’s architecture was uniquely designed to enable swift integration with new blockchains and new asset mapping. TRM’s current scope of coverage stands at 23 blockchains and over 900,000 digital assets.

About Dash

Dash is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Dash is the leading decentralized payment solution built to support real-life use cases: it is accepted at merchants globally, accessible via 5,800+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including a two-tier network with incentivized nodes and decentralized project governance (masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks), and more. The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.

About TRM Labs

TRM provides blockchain intelligence to help financial institutions, cryptocurrency businesses and public agencies detect, investigate and manage crypto-related fraud and financial crime. TRM’s risk management platform includes solutions for transaction monitoring and wallet screening, entity risk scoring including Know-Your-VASP and flow of funds tracing for investigations. These tools enable a rapidly growing cohort of organizations around the world to safely embrace cryptocurrency-related transactions, products, and partnerships. TRM is based in San Francisco, CA, and is hiring across engineering, product, sales, and data science. To learn more, visit www.trmlabs.com.


Arden Goldstein


Yalda Rafie

SutherlandGold for TRM Labs


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