In a landmark move for the African blockchain industry, A&D Forensics has become the first company from the continent to join the Crypto Market Integrity Coalition (CMIC). This significant event marks a pivotal moment in Africa’s integration into the global conversation on cryptocurrency regulation and market integrity.
Founded by Adedeji Owonibi, A&D Forensics is a Nigerian blockchain intelligence service provider that specializes in tracing and investigating blockchain and crypto-related frauds, scams, and compliance breaches. Their work has been instrumental in aiding governments, law enforcement agencies, financial institutions, and private sector companies across Africa in the crypto compliance space.
The CMIC is a prestigious global alliance that includes blockchain industry giants like Coinbase and Circle. Established in 2022, the coalition focuses on setting global standards for compliance and security in the crypto ecosystem. It strives to ensure that industry players uphold ethical practices while preventing fraud, market manipulation, and market abuse.
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A&D Forensics’ entry into the CMIC is not just a proud moment for the company but also for Africa’s entire crypto ecosystem. The company was officially onboarded into CMIC on October 3, 2024, in an inauguration ceremony held virtually. This move is expected to be a turning point for Africa’s burgeoning crypto market, as A&D Forensics aims to contribute its expertise in crypto investigations, anti-money laundering (AML) compliance, and cybersecurity to promote safety and transparency in crypto markets across Africa and beyond.
Following the onboarding, A&D Forensics participated in its first task force meeting, focused on regulation and policy. During the meeting, the CMIC team provided detailed information on each task force’s activities and discussed strategies to foster collaboration across jurisdictions, with A&D Forensics being the only member from Africa.
A&D Forensics’ CMIC Membership Aims to Advance Africa’s Crypto Ecosystem
A&D Forensics’ membership in CMIC marks a critical turning point for Africa’s emerging cryptocurrency market. By joining this coalition, A&D Forensics aims to contribute its expertise in cryptocurrency investigations, anti-money laundering (AML) compliance, and cybersecurity to promote safety and transparency in crypto markets across Africa and beyond.
With a proven track record in assisting governments, law enforcement agencies, financial institutions, and private sector companies across Africa, A&D Forensics has become a trusted name in the crypto compliance space. Specializing in investigating cryptocurrency fraud, blockchain forensics, AML compliance, and mitigating risks associated with financial crimes in the virtual asset sector, A&D Forensics continues to lead in ensuring safe and secure crypto transactions.
As part of this alliance, A&D Forensics will collaborate with leading global firms, including Chainalysis, Coinbase, BIG, and Solidus Labs, as a member of CMIC. Together, they will address critical issues such as financial crime, fraud, and security breaches. By aligning with these prominent players, A&D Forensics reinforces its leadership position in Africa and contributes to shaping a safer future for cryptocurrency users worldwide.
A&D Forensics’ participation in CMIC is expected to have a transformative impact on Africa’s crypto space, opening doors for more collaboration, growth, and innovation in the region. As we align with global leaders, our commitment to improving market transparency and preventing financial crime will only strengthen the cryptocurrency ecosystem both in Africa and globally.
