VANCOUVER, BC – May 30, 2018 – BIG Blockchain Intelligence Group Inc. (“BIG” or “the Company”) (CSE: BIGG)(WKN: A2JSKG)(OTC: BBKCF), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, announces that the Company has signed a Partnership Agreement with the AML Shop to jointly deliver customized cryptocurrency forensic services and for the AML Shop to act as a distributor of BIG’s proprietary Blockchain investigative platform, QLUETM.
The AML Shop was founded by Matthew McGuire, one of the world’s leading experts in financial crime, and brings together a dynamic team of industry experts that provide advice, regulatory compliance support, audits, training and staffing solutions to ensure its clients meet and exceed their business objectives. The AML Shop’s team has experience assisting institutions large and small — from Fortune Global 500 financial services companies to U.S. Regional banks, insurance companies, cryptocurrency exchanges, investment and securities brokerage firms — with their AML technology needs.
BIG brings security and accountability to the new era of cryptocurrency through its proprietary risk-scoring tool, BitRank VerifiedTM, and data forensics tool, QLUETM. BIG’s Forensic Services Division provides complementary, hands-on services enabling organizations to forensically investigate and monitor suspicious cryptocurrency use, employing BIG’s advanced search algorithms and team of expert investigators.
“We are excited to have entered into this partnership with the AML Shop and look forward to working with Matt and his team,” said BIG CEO, Lance Morginn. “This partnership augments our Forensic Services Division in providing cryptocurrency forensic services across North America. Additionally, as a distributor of our cloud-based investigative platform, the AML Shop is ideally positioned to help its clients reap the benefits of QLUETM, whether that’s law enforcement or regulators that need to trace, track and monitor illicit cryptocurrency transactions, or the financial sector and retailers looking to embrace cryptocurrencies with assurance and accountability while meeting their regulatory compliance and AML (Anti-Money Laundering) obligations.”
The AML Shop’s Founder, Matthew McGuire, commented: “We recognized the unique capability that BIG’s products and services represent in enabling us to deepen our own capabilities, tools and offerings regarding the detection of illicit funds. We look forward to our partnership with BIG being a triple win for the AML Shop, BIG, and the clients that benefit from the tools and services provided.”
BIG’s Forensic Services Division brings the Company’s team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to BIG’s user-friendly search, risk-scoring and data analytics tools: BitRank VerifiedTM and QLUETM.
BIG’s flagship product, QLUETM (Qualitative Law Enforcement Unified Edge), is a blockchain investigation security platform that enables law enforcement and financial institution investigators to quickly perform due diligence at a forensic level, by visually exploring the transactional path and patterns involved.
With QLUETM and/or the Forensic Services Division, entities can:
reduce their risk exposure related to cryptocurrencies;
increase confidence in meeting regulatory compliance;
increase security through Anti-Money Laundering (AML) efforts;
deliver transparency regarding the legitimacy of transactions;
create a deterrence against criminal elements that could engage in illicit activity; and,
provide assurance to their clients that measures are in place to strongly curtail illicit transactions or reduce the amount of illicit funds that would have otherwise transacted.
On behalf of the Board,
Chief Executive Officer
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank VerifiedTM, offers a “risk score” for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings our team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools.
QLUE™ (Qualitative Law Enforcement Unified Edge) enables Law Enforcement, RegTech, Regulators and Government Agencies to literally “follow the virtual money”. QLUE™ incorporates advanced techniques and unique search algorithms to detect suspicious activity within bitcoin and cryptocurrency transactions, enabling investigators to quickly and visually trace, track and monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child pornography, corruption, bribery, money laundering, and other cyber crimes.
About BitRank VerifiedTM
BIG developed BitRank VerifiedTM to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank VerifiedTM offers the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank VerifiedTM and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities.
Investor Relations – USA
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
Investor Relations – Canada
Skanderbeg Capital Advisors
BIG Investor Relations
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Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.