According to ChainCatcher, The Block reported that USDC issuer Circle launched an on-chain compliance platform "Compliance Engine" to help companies develop blockchain applications while meeting strict compliance requirements.
The platform will include transaction screening tools that can be used to “detect high-risk and suspicious transfers” and monitoring tools that “help identify potentially high-risk behavior.” The Compliance Engine will include a one-stop “console” where users can integrate APIs and analyze data, flag transactions in real time, conduct long-term investigations, blacklist suspicious wallets, and report transactions to authorities. The platform will support multiple blockchains connected to Circle’s programmable wallet tool, including Avalanche, Ethereum, Polygon, and Solana.
