ONUS combats money laundering, fraud and terrorist financing with Chainalysis solutions

To enhance the effectiveness of preventing money laundering, fraud, and terrorist financing, while ensuring compliance with regulations and securing users of the entire ONUS ecosystem, ONUS has teamed up with Chainalysis, the global blockchain data platform. 

Collaboration content:

  • ONUS has completed the integration and is currently using Chainalysis’ data platform to monitor in real-time asset deposit/withdrawal flows from users and detect and prevent illicit activity including money laundering, fraud, terrorist financing, arms trafficking, and more
  • Chainalysis’ KYT (Know Your Transactions) solution is also integrated within the Onus platform. KYT is a transaction verification method that does not require users to reveal their identity but still allows ONUS to detect illicit transactions and addresses to prevent money laundering. 
  • ONUS’s integration of Chainalysis KYT helps provide detailed transaction origins from direct and indirect streams. The solution can trace the source of funds from dozens of previous transactions, including transactions on decentralized platforms such as cryptocurrencies or NFTs.

Integrating Chainalysis helps ONUS detect and prevent illicit activity early, reduce manual review processes, address compliance with cryptocurrency regulations, and securely interact with decentralized finance platforms (DeFi).

About Chainalysis

Chainalysis is the blockchain data platform. Chainalysis provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Chainalysis’ data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. 

Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more finan