London, 20th October – Coinfirm is proud to be partnered with the Anti-Human Trafficking Intelligence Initiative’s Cryptocurrency Consortium (ATCC).
The Cryptocurrency Consortium aims to combat human trafficking through the building of typologies, red flags and other identifiers and investigation techniques to further aid corporate social responsibility around anti-human trafficking. According to data compiled by the International Labour Organization, there are 40.3 million victims of human trafficking globally withforced labour and human trafficking a $150 billion industry worldwide.
Human trafficking is a modern-day form of slavery involving the illegal trade of people for exploitation or commercial gain. We cannot allow those who conduct these heinous crimes to benefit from the use of cryptocurrency. Coinfirm’s mission is to create and maintain a safer crypto economy, and as such sees joining the ATCC as a strong step in ensuring this mission succeeds.
“Coinfirm is committed to combating any form of criminal enterprise that attempts to utilize crypto and blockchain. Forced slavery and human trafficking however is a particularly wicked crime that deserves a staunch response. We know that by joining this consortium we can better counter thisthreat to human rights, freedom and decency.” – Pawel Kuskowski, Coinfirm CEO and Co-Founder
The Anti-Human Trafficking Intelligence Initiative (ATII) is a 501(c)(3) tax-exempt non-profit organization combating global human trafficking by leveraging corporate social responsibilities directly through advocacy awareness, intelligence integration, technology advancement and strategic data collaboration.
“The Anti-Human Trafficking Intelligence Initiative is thrilled to announce our affiliation with Coinfirm. Their dedication to safeguard the financial system from the nefarious gains of human trafficking and child exploitation through the utilization of cryptocurrency is a significant example of corporate social responsibility.
“Coinfirm recognizes the expertise, collaborative efforts and importance of partnership to prioritize the disruption of illicit financial flows designed to profit from the vulnerable. We are proud to welcome Coinfirm to our Anti-Human Trafficking Cryptocurrency Consortium (ATCC). The consortium is the first of its kind where industry stakeholders can share red flags, typologies, best practices and data to target and disrupt the financial flow of trafficking.
“We greatly anticipate this affiliation to be incredibly effective and exemplify the power of collaboration in the fight against modern slavery.” – Aaron Khaler, ATII CEO and Founder
Coinfirm will provide comprehensive data attributed to addresses suspected of being related to human trafficking whenever the firm comes across them. This can then be collated into a comprehensive heatmap of nefarious actors and streamline the reporting of SARs (suspicious activity reports) to the ATCC and Coinfirm’s wider ecosystem of partners.
Coinfirm is a global leader in AML and regulatory technology for blockchain and cryptocurrencies. It offers the industry’s largest blockchain coverage, supporting over 1,500 cryptocurrencies and protocols including Bitcoin, Ethereum, Hyperledger, and many more. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions like PKO BP. The company’s services also include Reclaim Crypto, as well as Trudatum, a standalone regtech platform that allows any file to be registered, signed, andverified with 100% accuracy. For more information, please visit: https://www.coinfirm.com/
ABOUT ANTI-HUMAN TRAFFICKING INTELLIGENCE INITIATIVE (ATII)
Based in the United States, ATII, a not-for-profit organization, established in 2019, operates globally to combat human trafficking by leveraging corporate social responsibilities directly through awareness, intelligence integration, technology advancement and strategic data collection.They aim to abolish labor and sex trafficking by hitting slave profiteers where they’ll hurt most.ATII is committed to raising awareness and developing strategic partnerships with intelligence and data collaboration experts. Learn more at followmoneyfightslavery.org.