TRM Plugs Into Dogecoin Blockchain to Take a Bite Out of Crypto Crime

Compliance firm TRM Labs has added the Dogecoin blockchain to its suite of services, enabling clients to detect fraud and financial crime involving DOGE, currently the world’s fifth-largest cryptocurrency.

• The San Francisco-based firm provides data analytics to monitor risk, detect financial crime and strengthen anti-money laundering (AML) compliance.
• TRM Labs believes the integration of these tools with the Dogecoin blockchain will help market participants in the DOGE ecosystem interact with the network with greater confidence.
• “By integrating with Dogecoin, we offer the ability to detect and investigate cryptocurrency fraud and financial crime, enabling our shared goal of building a safer financial system for billions of people,” said Esteban Castaño, CEO of TRM Labs.
• Founded in 2018, TRM Labs raised $4.2 million in funding led by PayPal ventures in November 2019.
• The company appointed former U.S. Treasury and Financial Crimes Enforcement Network (FinCEN) senior adviser Ari Redbord as its head of legal and government affairs in October.
• Increasingly large firms are embracing DOGE for payments – from Elon Musk's SpaceX to the Oakland A's Major League Baseball team.

Read more: Oakland A’s Make MLB’s First Dogecoin Ticket Sale