Chainalysis, the blockchain analysis company, and A&D Forensics, Africa’s leading blockchain and financial forensics firm, today announced a partnership that will further the adoption of Chainalysis Reactor, the company’s investigative software, in the African market.
In April, Chainalysis announced the launch of its partnership program, which, among other initiatives, includes working with cryptocurrency training specialists who will help investigators, compliance officers, analysts, and regulators perform blockchain analysis to derive actionable intelligence using Chainalysis Reactor.
“Chainalysis is dedicated to building trust in blockchains across the world, and Africa in particular is an exciting market with growing cryptocurrency adoption ,” said the Chief Revenue Officer, Chainalysis, Jason Bonds. “By partnering with A&D Forensics, we’re continuing to expand our reach into new jurisdictions and responding to the increased demand for both cryptocurrency investigation and compliance solutions.”
“Both Chainalysis and A&D Forensics are committed to promoting the safe adoption of cryptocurrencies by building trust among financial institutions, governments, and cryptocurrency businesses,” said Senior Partner at A&D Forensics, Adedeji Owonibi. “By partnering with Chainalysis, we’re providing the African cryptocurrency ecosystem with the investigative technology that it needs to fully understand blockchain activity.”
A&D Forensics joins the program as Chainalysis’ first investigative partner in Africa, offering law enforcement customers investigatory services using Chainalysis Reactor to help identify and stop bad actors who are using cryptocurrencies for illicit activity such as ransomware, darknet markets, scams, money laundering, and more.
This comes at a time when establishing proper compliance procedures and leveraging robust investigative tools is more critical than ever, as jurisdictions around the world scrutinize the cryptocurrency industry.
What you should know about the partners:
Chainalysis is the blockchain analysis company providing data and analysis to government agencies, exchanges, and financial institutions across 40 countries. Her investigation and compliance tools, education, and support create transparency across blockchains so the customers can engage confidently with cryptocurrency.
Backed by Accel, Benchmark, and other leading names in venture capital, Chainalysis builds trust in blockchains.
A&D Forensics has been in the forefront of Financial and Blockchain Forensics Services helping to combat fraud within the Blockchain and Cryptocurrency ecosystem and trainings to law enforcement in Sub-Saharan Africa, The firm was part of VASP Inter-Messaging working group that came out with the recent IVMS 101 standard aim at helping VASP comply with FATF travel rule, Its Founding Partner was also recently appointed by the Security and Exchange Commission of Nigeria as a member of its Virtual Asset Regulatory Framework Drafting Committee to help bring sanity to the cryptocurrency business and safeguard the interest of Nigerians who are keen to using the emerging Blockchain Technology and the benefits it affords.