Solidus Labs is the category-definer for crypto-native triple T (3T) market integrity solutions – trade surveillance, transaction monitoring, and threat intelligence.
As part of the partnership, Binance Canada will utilize HALO, Solidus’ crypto-native market integrity hub, to optimize multiple key risk monitoring and compliance services including marketplace surveillance, transaction monitoring, FINTRAC Suspicious Transactions Reporting (STR) and Large Virtual Currency Transaction Reporting (LVCTR) and institutional onboarding.
“Our users are at the heart of everything we do so we are determined to meet the highest standards of regulatory compliance and user protection,” said James Moore, Chief Anti-Money Laundering Officer at Binance Canada.
“We look forward to working together to enhance our risk monitoring capabilities, maintain compliance with evolving regulation in Canada and globally, and pave the path for greater crypto adoption.”
The strategic partnership will enable the marketplace to offer an even higher level of digital asset compliance, risk monitoring and protection from market abuse.
Binance recently announced MinervaAI as its partner in Canada to provide robust KYC (know your customer) and KYB (know your business) services based on artificial intelligence.