About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Elliptic Introduces AML Solution for XRP

Subscribe to our newsletter

Crypto compliance specialist Elliptic has a mission: to prevent, detect and pursue criminal activity in cryptocurrencies. In such a rapidly developing sector and with opacity around regulation across jurisdictions, transparency and accountability are vital in tracking crypto transactions – and it is an area in which RegTech is fast spreading its wings.

The firm provides anti-money laundering (AML) compliance software and forensic and investigative services to cryptocurrency exchanges, major financial institutions, and government agencies in order to analyse transactions and detect criminal activity. This week, it launched a new solution in the form of transaction monitoring support for XRP, the currency of the Ripple payment network and the third largest cryptocurrency by market value after bitcoin and ether.

“We began researching XRP more than a year ago and have already identified several hundred XRP accounts linked to illicit activity ranging from thefts to scams and the sale of stolen credit cards,” says Dr Tom Robinson, Chief Scientist and Co-founder at Elliptic.

The Elliptic platform has already identified over $400 million of illicit activity across XRP transactions – although this represents less than 0.2% of total XRP transactions, suggesting that the vast majority of activity is legitimate.

XRP is the latest asset to be added to the firm’s crypto-asset risk management suite, which uses blockchain insights and analytics to alert clients to high-risk transactions, and which already supports bitcoin, ether, litecoin, and tether.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are Your Legacy Voice Recordings a Compliance Time Bomb?

Recent enforcement actions underscore the importance of maintaining accurate, secure and up-to-date voice and electronic communication. For some organisations, legacy voice recording systems are not at or beyond end-of-life, posing significant compliance, operational and financial risks. These outdated systems often fail to meet evolving regulatory expectations around data authenticity, retention, and accessibility. Delaying action increases...

BLOG

FCA Advances Bond CT to Auction Stage; ESMA Confirms fairCT as First EU Bond-CTP

The UK Financial Conduct Authority (FCA) has opened the price auction phase for shortlisted bidders for its bond market consolidated tape (CT), a single, real time feed of post trade bond data drawn from every UK trading venue and Approved Publication Arrangement (APA). The initiative is intended to make bond markets “more transparent, efficient and...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...