Moody's partners with Elliptic to enhance the risk screening capabilities of virtual asset service providers

Moody's Financial Research has partnered with blockchain analytics specialist Elliptic to enhance risk screening capabilities for virtual asset service providers (VASPs). The collaboration will integrate on- and off-chain data, including digital asset transaction histories, financial records and regulatory databases, to provide a more comprehensive VASPs threat and risk assessment. The parties plan to use this information to create an "integrated risk engine" to help traditional financial services more effectively address anti-money laundering and compliance challenges. Elliptic's Holistic technology will play a key role in the service, tracking the flow of proceeds of crime between blockchains in an efficient, scalable way.