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French and Austrian Collaborate to Tackle Crypto-Based Money Laundering

French and Austrian Collaborate to Tackle Crypto-Based Money Laundering

French and Austrian Collaborate to Tackle Crypto-Based Money Laundering-techcryption

Technology experts from France and Austria are said to join forces in their efforts to combat crypto-based money laundering. Notably, The French blockchain security company NIGMA Conseil, and the Austrian Institute of Technology (AIT), have signed an agreement of cooperation and will be working on illegal crypto-related transactions.

Reportedly, they will be working on e-NIGMA platform, built using the AIT GraphSense technology, and the e-Nigma ecosystem will be able to discover the entities behind crypto wallets, and eventually track for suspicious transactions.

“The synergy between a leading European academic research institute and our team of developers has been instrumental in implementing the most innovative tools to fight financial crime in virtual currencies.”

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Fabien Tabarly, CEO of NIGMA Conseil

Additionally, AIT will get to expand its general portfolio of data and security services with blockchain security. The organization is already a part of the Titanium cybersecurity project, investigating darknet activity alongside Interpol and other government or academic partners.

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