Zaftr Deploys CipherTrace Money Laundering Controls to Establish Compliance and Privacy for High-Value Crypto Transactions

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Partnering with industry-leading cryptocurrency intelligence firm CipherTrace, Zaftr institutes premiere transaction monitoring service for investment funds, family offices, and high net-worth individuals.

The CipherTrace offering provides us with quality information to be able to assess risk associated with digital asset wallets and allows us the flexibility to establish our own blockchain analysis processes on top of data that is used by the best and brightest.

Zaftr Inc. (Zaftr), a leading digital asset seller for investment funds, family offices and high net-worth individuals, is pleased to announce its use of CipherTrace’s monitoring service to ensure compliance and privacy in trusted, high-value, peer-to-peer cryptocurrency transactions. By utilizing CipherTrace’s risk mitigation, anti-money laundering, and anti-terrorist financing solutions, Zaftr can ensure it operates at the highest standards of integrity.

“We see incredible potential in the nascent digital asset space for those who are willing and knowledgeable to conduct themselves the right way – in a trusted and fully compliant manner. As we have seen, companies that are not committed to that ideal will not be able to survive in the cryptocurrency space, and nor should they.” explains Nathan Montgomery, the President & CEO of Zaftr. “The CipherTrace offering provides us with quality information to be able to assess risk associated with digital asset wallets and allows us the flexibility to establish our own blockchain analysis processes on top of data that is used by the best and brightest. Through the CipherTrace solution, we can identify questionable or verifiably criminal activity and act accordingly to ensure the security of ourselves, our suppliers, and our customers.”

Zaftr’s development of state-of-the-art transaction facilitation procedures for high value, person-to-institution and whale-to-whale transactions requires the implementation of automated and trusted due-diligence solutions. A core element for Zaftr’s privacy and anti-money laundering program involves utilizing CipherTrace Sentry monitoring service to identify any funds from criminal or suspicious activity that would otherwise remain undetected while maintaining client privacy.

“At CipherTrace we believe in the longevity of the cryptocurrency industry, and so supporting companies like Zaftr that prioritize making the digital asset economy more private, secure, and compliant is a big part of our mission,” expressed Dave Jevans, CEO and a founder of CipherTrace. “Zaftr’s clients, among other major financial players, should feel confident in the legality of peer-to-peer trades within the trusted digital asset class. We’ve structured our monitoring services to provide that assurance to companies like Zaftr.”

For media inquiries, please contact Kili Wall at (310) 260-7901 or Kili(at)MelrosePR(dot)com.

About Zaftr
Zaftr is a premiere digital asset service provider and direct buyer and seller of digital assets based in Canada. Founded by leading legal and cybersecurity professionals, Zaftr provides a trusted, streamlined and sophisticated solution for investment funds, investment advisors, family offices and high net worth individuals to buy and sell digital assets. Through the facilitation of more than $10 billion in corporate and financial transactions, Zaftr’s founders have created a proprietary transaction closing procedure to ensure security for all parties. Zaftr’s ability to close multimillion dollar digital asset sales transactions at globally competitive market rates has earned its reputation as the ideal counterparty for institutional investors seeking to acquire a large position in digital assets. Visit http://www.zaftr.com for more information on Zaftr.

About CipherTrace
CipherTrace, industry-leading cryptocurrency intelligence firm, aims to protect financial institutions from crypto laundering risk and grow the crypto economy by making virtual assets trusted by governments and safe for mass adoption. CipherTrace delivers the world’s most comprehensive cryptocurrency intelligence to detect money laundering, power law enforcement investigations, and enable regulatory supervision. Created to develop digital currency and blockchain tracing and security capabilities, CipherTrace provides visibility into 87% of global trading volume with hundreds of millions of attribution data points and can trace more than 800 virtual assets, including BTC, BCH, ETH, ERC-20, Tether, and LTC tokens. The company was founded in 2015 by experienced Silicon Valley entrepreneurs with deep expertise in cybersecurity, eCrime, payments, banking, encryption, and virtual currencies. The US Department of Homeland Security Science and Technology (S&T) and DARPA initially funded CipherTrace. For more information, visit http://www.CipherTrace.com or follow us on Twitter @CipherTrace.

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Kili Wall
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