Odaily Planet Daily News Moody’s financial research and rating company has reached a cooperation with blockchain analysis company Elliptic to strengthen the risk screening capabilities of virtual asset service providers (VASPs). The cooperation will integrate on-chain and off-chain data, including digital asset transaction history, financial records, and regulatory databases to provide a more comprehensive VASP risk assessment. The two parties plan to use this information to create an "integrated risk engine" to help traditional financial services more effectively address anti-money laundering and compliance challenges. Elliptic's Holistic technology will play a key role in the service, tracking the flow of criminal proceeds between blockchains in an efficient and scalable manner. Elliptic has information on more than 1,000 VASPs and uses real-time on-chain data and proprietary technology to screen digital asset transactions for illegal activities. The company said that Moody's off-chain data includes more than 21 million risk profiles, 489 million entities, and 51,000 sanctioned entities. The company uses this data to provide AML and KYC solutions for customers. (Cointelegraph)