Home Crypto News Kraken Donates $100,000 to Anti-Human Trafficking Intelligence Initiative – Kraken Weblog

Kraken Donates $100,000 to Anti-Human Trafficking Intelligence Initiative – Kraken Weblog

by Cryptoroz

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Kraken is proud to announce that it has change into a Diamond Sponsor of the Anti-Human Trafficking Intelligence Initiative (ATII), a U.S.-based nonprofit that harnesses intelligence to assist monetary establishments, know-how corporations and cryptocurrency exchanges fight human trafficking and youngster exploitation. 

“Kraken’s partnership with ATII will present us with actionable information on illicit darkish internet use so our compliance group can higher detect and reply to potential legal exercise,” mentioned Ian Mynot, Senior FIU Supervisor at Kraken. “Kraken’s mission has been to speed up the adoption of digital belongings globally by providing a protected and safe route for purchasers to entry with certainty and confidence. Cryptocurrencies have by no means been a protected haven for criminals and thru this partnership, we’re taking a proactive step to make sure that digital belongings traded on Kraken usually are not used to facilitate human trafficking and youngster exploitation.”

“The Anti-Human Trafficking Intelligence Initiative is honored to have Kraken as a proper sponsor and company accomplice within the battle in opposition to fashionable slavery,” mentioned Aaron Kahler, ATII Founder & Chief Govt. “ATII is grateful to have the ability to leverage Kraken’s experience and trade relationships inside the crypto and finance world in our efforts to disrupt the operations, economics, and anonymity of human trafficking on the supply.” 

There are an estimated 40.3 million victims of recent slavery all over the world, the bulk being girls and ladies. One in 4 folks compelled into slavery are kids. 

ATII is solely centered on figuring out the proceeds of human trafficking, monitoring them by way of the monetary system and notifying related events to allow them to take motion. By working with a spread of companions, ATII hopes to finish the commerce of human beings for good. Kraken’s donation will allow ATII to proceed offering monetary establishments with the coaching and instruments wanted to stop the usage of digital belongings in human trafficking. 

By partnering with ATII, we’re furthering our mission to create an inclusive, clear and trustless monetary system by way of the adoption of cryptocurrency. Along with our $100,000 donation, we’ll use our shared experience in investigations and blockchain know-how to assist ATII strengthen its digital monetary crime prevention efforts and bolster Kraken’s proactive investigations technique.

Kraken’s partnership with ATII showcases our ongoing dedication to a excessive degree of company social duty and highlights how Kraken’s platform stays off-limits to dangerous actors. We hope this may encourage different crypto firms to observe our instance.

When you’re engaged on a venture that’s driving innovation within the crypto trade, right here’s how one can apply for a grant from Kraken.

Be a part of us in our efforts to stop the usage of digital belongings in human trafficking.

 

 


These supplies are for basic data functions solely and usually are not funding recommendation or a advice or solicitation to purchase, promote or maintain any digital asset or to have interaction in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you might not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your cryptoassets and you must search unbiased recommendation in your taxation place.

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