SAN FRANCISCO, Jan. 10, 2023 (GLOBE NEWSWIRE) — TRM Labs, a leader in blockchain intelligence solutions, today announced the launch of TRM Tactical, the mobile-first blockchain investigative tool that empowers frontline investigators to uncover cryptocurrency evidence quickly and easily — even without in-depth blockchain or crypto expertise.
Financial crime investigators often lose critical time waiting for access to tools or for third parties to analyze and verify blockchain evidence that may be uncovered in the field during searches, seizures and interviews. The process of collecting and handing over evidence for forensic analysis can often result in weeks of delay, resulting in lost opportunities to seize or freeze funds moved at the speed of the internet.
“When investigating fraud, money laundering or financial crime of any kind, speed is of the essence,” said Kyle Armstrong, director of law enforcement, TRM Labs. “TRM Tactical allows field officers to immediately learn about the parties involved in a transaction, how much money is in a digital wallet, and where a person is sending and receiving money.”
With TRM Tactical, investigators can quickly and legally produce concise wallet and transaction reports that can both inform the next step of an investigation and quickly advance it. In addition, TRM Tactical enables investigators to:
- Surface Critical Cryptocurrency Evidence to track the money by identifying a wallet’s publicly available asset portfolio, as well as the source and destination of the funds.
- Find out if a wallet is connected to illegal activity including fraud, money laundering or financial crime.
- Reveal activity patterns including the volume and frequency of transactions recorded on public blockchains.
- Discover unreported assets or income related to crypto transactions.
- Identify leads for financial institutions to request additional information about accounts of interest.
- Escalate investigative information from TRM Tactical to TRM Forensics, our flagship blockchain intelligence offering.1
- Find out what to look for in crypto research with direct access to TRM Academy, an on-demand portal with virtual training.
“For years, investigators have relied on the power of TRM Forensics to track the flow of cryptoassets and link suspicious activity to real-world entities,” said Esteban Castaño, co-founder and CEO, TRM Labs. “TRM Tactical radically simplifies blockchain intelligence for frontline agents with fast and actionable insights, and just-in-time training, allowing agents to make more informed decisions in the field — all without having to learn complex software or become blockchain experts.”
More information about TRM Tactical, the new mobile investigative app, is available here:
About TRM Labs
TRM Labs provides blockchain intelligence to help financial institutions, cryptocurrency businesses, and government agencies detect, investigate, and mitigate crypto-related fraud and financial crime. TRM’s risk management platform includes solutions for cryptocurrency anti-money laundering (AML), transaction monitoring and wallet screening, investigative tracking and entity risk scoring including Know-Your-VASP. These tools enable organizations worldwide to confidently embrace cryptocurrency-related transactions, products and partnerships. TRM is based in San Francisco, CA and is hiring across engineering, product, sales and data science. To learn more, visit www.trmlabs.com.
Media contact:
Sondra Magness
[email protected]
1 Scheduled for general availability by Q1, CY2023
