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Jocata, a B2B fintech and reg-tech platform, has introduced its partnership with CoinDCX, a crypto firm, to strengthen their anti-money laundering (AML) compliance processes.
In an official launch, the corporate mentioned that the partnership will allow CoinDCX to reinforce its compliance framework and navigate the rules on the horizon.
“Because the trade undergoes steady evolution, our dedication stays steadfast in fostering belief, transparency, and prioritizing schooling for stakeholders to reinforce the protection and compliance of VDAs and Web3. We’ll proceed adhering to AML norms and complying with related authorized necessities. CoinDCX additionally stays dedicated to intently collaborating with authorities to determine and mitigate potential dangers related to the utilization of VDAs sooner or later. Our ongoing efforts prioritize the safety and compliance of our platform, enabling a secure and reliable atmosphere for our valued customers,” mentioned Rohan Bhandari, Head of Compliance, CoinDCX.
Furthermore, CoinDCX will leverage Jocata’s RegTech product suite to observe and report suspicious transactions to the Monetary Intelligence Unit (FIU-IND).
CoinDCX is a crypto trade with a mission to create a strong Web3 ecosystem for international clients from India. It claims to serve over 15 million customers and has lately forayed into providing DeFi providers by way of Okto pockets app for customers worldwide.
“We’ve constantly labored with our companions to speed up worth creation of their enterprise and supply them with world-class instruments for fintech and RegTech adoption. We’re excited to collaborate with CoinDCX, one of many pioneers of the Crypto revolution and help them construct a accountable and secure Crypto atmosphere,” mentioned Shailesh Deshpande, director of Development, Jocata.
