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

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Kraken is proud to announce that it has turn out to be a Diamond Sponsor of the Anti-Human Trafficking Intelligence Initiative (ATII), a U.S.-based nonprofit that harnesses intelligence to assist monetary establishments, expertise corporations and cryptocurrency exchanges fight human trafficking and little one exploitation. 

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

“The Anti-Human Trafficking Intelligence Initiative is honored to have Kraken as a proper sponsor and company associate within the struggle in opposition to fashionable slavery,” stated Aaron Kahler, ATII Founder & Chief Government. “ATII is grateful to have the ability to leverage Kraken’s experience and trade relationships throughout 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 world wide, the bulk being girls and ladies. One in 4 individuals 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 variety 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 forestall using 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 expertise 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 stage of company social accountability and highlights how Kraken’s platform stays off-limits to dangerous actors. We hope this may encourage different crypto corporations to observe our instance.

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

Be part of us in our efforts to forestall using digital belongings in human trafficking.

 

 


These supplies are for normal info functions solely and will not be funding recommendation or a suggestion or solicitation to purchase, promote or maintain any digital asset or to interact 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 it is best to search unbiased recommendation in your taxation place.

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