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

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, expertise companies and cryptocurrency exchanges fight human trafficking and little one exploitation. 

“Kraken’s partnership with ATII will present us with actionable information on illicit darkish net use so our compliance crew can higher detect and reply to potential felony 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 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 should not 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 companion within the combat towards fashionable slavery,” stated 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.three million victims of contemporary slavery around the globe, the bulk being ladies and ladies. One in four people compelled into slavery are youngsters. 

ATII is solely centered on figuring out the proceeds of human trafficking, monitoring them via 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 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 via 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 duty and highlights how Kraken’s platform stays off-limits to dangerous actors. We hope it will encourage different crypto firms to comply with our instance.

In case you’re engaged on a undertaking 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.

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