{"id":31048,"date":"2020-11-01T12:45:20","date_gmt":"2020-11-01T10:45:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31048"},"modified":"2025-08-28T01:47:46","modified_gmt":"2025-08-27T22:47:46","slug":"coinfirm-integrates-chainlink-oracles-to-combat-money-laundering-in-the-defi-sector","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinfirm-integrates-chainlink-oracles-to-combat-money-laundering-in-the-defi-sector\/","title":{"rendered":"Coinfirm integrates Chainlink oracles to combat money laundering in the DeFi sector"},"content":{"rendered":"<p>Coinfirm has integrated Chainlink&#8217;s oracle network into its AML solution. This will allow DeFi projects to monitor transactions with suspicious patterns.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Coinfirm\u2019s <a href=\"https:\/\/twitter.com\/AMLT_Token?ref_src=twsrc%5Etfw\">@AMLT_Token<\/a> Oracle is integrating with <a href=\"https:\/\/twitter.com\/chainlink?ref_src=twsrc%5Etfw\">@chainlink<\/a> to provide its AML solution for <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a> across blockchains <a href=\"https:\/\/t.co\/REDT26ckhU\">https:\/\/t.co\/REDT26ckhU<\/a> <a href=\"https:\/\/t.co\/HyLy2B5bbB\">pic.twitter.com\/HyLy2B5bbB<\/a><\/p>\n<p>\u2014 Coinfirm (@Coinfirm_io) <a href=\"https:\/\/twitter.com\/Coinfirm_io\/status\/1321522583125348355?ref_src=twsrc%5Etfw\">October 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The existing Coinfirm product, AMLT Oracle, includes more than 270 different criteria for risk assessment, the ability to add addresses to a blacklist, and alerts about suspicious transactions.<\/p>\n<p>With the Chainlink integration enables DeFi projects to default to using the oracle, which for a fee will check whether addresses are on a blacklist.<\/p>\n<p>AMLT Oracle will allow blocking transactions originating from services that anonymize senders, restricting wallets whose funds may have criminal origins, and compiling address whitelists.<\/p>\n<p>The solution gives decentralized exchanges and traditional-finance services the ability to comply with regulatory requirements, according to Coinfirm representatives.<\/p>\n<p>Coinfirm specializes in blockchain forensics and anti-money laundering. In 2016, the project released an analytics engine for tracking data on the blockchain. The company <a href=\"https:\/\/forklog.com\/en\/news\/blockchain-forensics-team-to-analyse-quadrigacxs-missing-assets\">participated<\/a> in the investigation of the missing assets from the Canadian bitcoin exchange QuadrigaCX worth $190 million.<\/p>\n<p>In August, Chainlink <a href=\"https:\/\/forklog.com\/en\/news\/chainlink-to-expand-oracle-capabilities-for-defi\">acquired<\/a> the Cornell University\u2013developed DECO solution for private oracles. It uses zero-knowledge proof technology and can be effectively applied in the fields of decentralized lending and identity.<\/p>\n<p><a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The analytics company Coinfirm announced the integration of Chainlink&#8217;s oracle network into its AML solution. This will allow DeFi projects to monitor transactions with suspicious patterns.<\/p>\n","protected":false},"author":1,"featured_media":31049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1292,1389,1388,546,1093],"class_list":["post-31048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aml-kyc","tag-blockchain-oracles","tag-chainlink-link","tag-coinfirm","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31048"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31048\/revisions"}],"predecessor-version":[{"id":31050,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31048\/revisions\/31050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31049"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}