CipherTrace to Partner with the Anti-Human Trafficking Intelligence Initiative

MENLO PARK, Calif.–(BUSINESS WIRE)–CipherTrace, the world’s leading provider of cryptocurrency intelligence and blockchain security, announced that it will partner with the newly-formed Anti-Human Trafficking Intelligence Initiative (ATII) to advance the organization’s goal of combatting global human trafficking.

Pamela Clegg, CipherTrace’s director of financial investigations and education, will serve on ATII’s advisory board, a diverse group of leaders with experience in anti-money laundering and cryptocurrency. CipherTrace will also provide ATII with a license for its user interface, a powerful tool that allows users to trace transactions involving more than 700 virtual assets.

“Human trafficking is modern-day slavery and involves the use of force, fraud or coercion to obtain some type of labor of commercial sex act,” said Clegg. “Millions of men, women, and children are trafficked in countries around the world. It’s not enough anymore just to say no to…