OKLink has launched a new on-chain anti-money laundering (Onchain AML) compliance solution to empower the regulatory new rules for virtual asset trading platforms in Hong Kong with technology

ChainCatcher news, according to Hong Kong News Network, starting from June 1, the "Guidelines for Virtual Asset Trading Platform Operators" and the "Anti-Money Laundering Guidelines" (Revised) issued by the Hong Kong Securities and Futures Commission will be officially implemented. The strict regulatory policies on virtual currencies have raised higher requirements for the anti-money laundering capabilities of licensed platforms. How to identify money laundering risks more quickly and accurately has become an urgent issue for platforms seeking licenses.

To this end, OKLink has newly created the Onchain AML anti-money laundering compliance solution, focusing on aspects such as KYT, KYA, data indicators, and security audits, to assist in virtual asset compliance and risk prevention. The product manager of OKLink stated to the media that under the compliance regulatory background, platforms like Chainalysis and CipherTrace have emerged in the United States. With the implementation of the virtual asset licensing system in Hong Kong, it is expected that more on-chain data security platforms like OKLink will appear in the Hong Kong region. (Source link)