DMG Blockchain Expands Cryptocurrency Forensics & Analytics Services to International Customers

DMG Blockchain Solutions (TSXV:DMGI) has announced that its blockchain forensics & analytics group is expanding internationally.

As quoted in the press release:

DMG’s Blockchain Forensics & Analytics group uses sophisticated artificial intelligence (AI) and machine learning (ML) technology to help customers monitor cryptocurrency exchanges and payment platforms, and to examine the flow of cryptocurrency through the blockchain in order to establish the provenance and destination of crypto wallet funds. DMG provides analytics support for the Bitcoin and Ethereum blockchains (including ERC20 tokens and ICOs), and over the course of the next year DMG plans to support analytics for Litecoin, Bitcoin Cash, Ripple and Stellar as well.

“We are currently working in China, Panama, Japan and other international markets assisting clients with potentially non-compliant transactions. DMG is also consulting directly with regulators on KYC and AML standards and detection,” said Simon Padgett, Director of Forensic Services at DMG Blockchain Solutions Inc. “This is a very time-sensitive business, and we have the tools for real-time analytics. For example, we were recently appointed by MNP, a major auditing firm, to assist with an urgent blockchain audit verification requirement on a very tight deadline.”

As part of its forensic work, DMG also develops international training sessions to sensitize executives, auditors and compliance employees at banking, accounting and auditing firms about fraud and non-compliance risk in cryptocurrency exchanges as well as how to audit blockchain systems and their transactions.

Click here to read the full press release.