Utila Integrates with TRM Labs to Streamline AML for Institutional Crypto Operations

Utila, the leading institutional MPC wallet platform, and TRM Labs, the leading provider in blockchain intelligence, today announced a strategic integration to empower institutional clients to seamlessly integrate Anti-Money Laundering (AML) compliance directly into their crypto operations workflows, enhancing their efficiency and risk management capabilities.

Through this integration, Utila users will gain direct access to TRM Labs' industry-leading blockchain intelligence, directly within their Utila wallet environment. This translates to significant benefits for institutions, including:

• Real-time risk insights: Users can monitor the risk profile of all incoming transactions screened by TRM directly within their Utila environment, streamlining their AML compliance workflows and enabling proactive risk management.‍
• A simplified user experience: With a single click, users can access detailed “Know Your Transaction” (KYT) information for any incoming or outgoing transactions within Utila. This seamless integration eliminates the need to switch between platforms, and simplifies the investigative process through tools like TRM Investigator.

“This integration will enable TRM users to seamlessly gain a robust view into the risk levels of all incoming transactions to their Utila wallets—enriching their compliance posture and improving security,” said Morley Gordon, Head of Partnerships at TRM Labs. “Now, TRM users will be able to view a log of all of their transactions in Utila, which will seamlessly link back to TRM and enable even deeper, more thorough investigation.”

Bentzi Rabi, Co-founder & CEO of Utila, explains the win for institutions: "Utila is committed to providing our institutional clients with the tools and resources they need to navigate the ever-evolving regulatory landscape surrounding digital assets. This integration with TRM Labs represents a significant step forward, enabling our clients to streamline AML compliance and enhance overall crypto operations efficiency."

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About TRM Labs

TRM Labs provides blockchain analytics solutions to help law enforcement and national security agencies, financial institutions, and cryptocurrency businesses detect, investigate, and disrupt crypto-related fraud and financial crime. TRM’s blockchain intelligence platform includes solutions to trace the source and destination of funds, identify illicit activity, build cases, and construct an operating picture of threats. TRM is trusted by leading agencies and businesses worldwide who rely on TRM to enable a safer, more secure crypto ecosystem. TRM is based in San Francisco, CA, and is hiring across engineering, product, sales, and data science. To learn more, visit www.trmlabs.com.

About Utila

Utila is an enterprise-grade crypto operations platform and an institutional MPC wallet provider. Utila enables organizations of all sizes to securely manage digital assets across multiple blockchains, wallets, and users on a single platform, without any complexity. We simplify digital asset management and day-to-day crypto operations for institutions without compromising on security or usability. Trusted by industry leaders, Utila has secured over $10 Billion in transactions since launch and is growing rapidly. To learn more, visit https://utila.io/