The IWF is a not for profit organisation dedicated to supporting the victims of child sexual abuse by identifying, reporting and removing the images of their sexual abuse.
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James Smith said, “We have a profound respect for the critical and difficult work that IWF undertakes.
We are proud to take a leadership role in combating Bitcoin’s use to facilitate these terrible crimes.
In a world’s first, Elliptic’s clients can now automatically monitor all transactions for any connection to proceeds of child sex abuse.” In addition, Elliptic is working closely with IWF’s hotline team to implement joint best practices for identifying and preserving evidence of illicit Bitcoin activity.
About Elliptic Elliptic is the global standard in blockchain monitoring technology, and is recognised as an established authority on blockchain compliance.
In addition to providing data and analytics services to financial institutions and law enforcement agencies around the world, Elliptic advises governments on blockchain regulatory matters.
In 2015 the firm was awarded 'Security product of the Year ' by The Banker magazine and was a winner of the Swift Innotribe Start-up Challenge.
In 2016 it was selected by KPMG as a “Top 10 Global Emerging Star” among Fintech startups.
Website: IWF: The IWF reporting hotline offers an anonymous and safe place to report online child sexual abuse imagery and videos, wherever they are found in the world.
The IWF, which is dedicated to eliminating child sexual abuse content worldwide, has provided its database of Bitcoin addresses associated with child sexual abuse content to Elliptic.
Elliptic will integrate this unique data set into its transaction monitoring and investigation products, and will automatically alert financial institutions and law enforcement clients to proceeds of this illicit content.
Elliptic works with the largest US and European Bitcoin exchanges and payment processors, and provides key evidence to federal agencies in the US and Europe for major investigations involving Bitcoin – so is uniquely placed to take action.