Circle has announced the launch of Compliance Engine, a new service designed for developers of cryptocurrency wallets. This service provides a set of tools that enable the tracking of suspicious and risky transactions across all networks supported by Circle. The solution is aimed at ensuring compliance with regulations from organizations such as the FATF (Financial Action Task Force) and other global regulators.

The Compliance Engine service will help developers ensure the safety of their users by automatically monitoring transactions and identifying potential threats. This allows for quicker responses to incidents and minimizes risks related to illicit activities, such as money laundering and terrorism financing.

Circle aims to maintain a high level of trust and security in the cryptocurrency ecosystem by providing its partners with tools to meet regulatory requirements. Compliance Engine is available for integration with any wallet operating on supported networks, making it a versatile solution for the crypto space.

Advantages of Compliance Engine: