Expose the financial system behind the crime.
Connect financial activity, companies, infrastructure, and communications to identify the professional facilitators moving criminal proceeds.
Problem
Laundering networks move value between systems.
Wallet activity, company ownership, and communications sit in separate tools, leaving investigators to connect the evidence themselves.
Criminal groups rent financial infrastructure.
Underground bankers, brokers, shell companies, escrow services, and cash-out networks serve many unrelated crimes.
Value can be settled without crossing a border.
Underground banking networks can balance debts through local collections and payouts, without a corresponding cross-border transfer.
The network changes shape under pressure.
When one service is seized, banned, or designated, operators move customers, wallets, domains, and channels to a successor.
$60B+
Observed illicit outflow
Funds that left TRM-attributed illicit wallets and reached services across five blockchains in 2025.
$50M+
Underground banking case
Narcotics revenue laundered through Chinese underground bankers using trade-based schemes and crypto.
Source: TRM Labs · Shadow Bankers
What is Ardence?
Ardence is an AI investigation platform built for all-source intelligence. For money laundering investigations, teams can connect companies, facilitators, accounts, and financial activity to reconstruct how value was transferred or settled.
How it works
Reconstruct how the network transfers or settles value.
Resolve
Transactions may sit behind a broker, professional enabler, front company, or money services business. Join the identifiers around the business moving the value.
- Connect companies, directors, domains, channels, accounts, and wallets
- Resolve operators and counterparties across jurisdictions
- Identify the business model and criminal groups using the service
Reconstruct
Reconstruct transfers and offsetting obligations across cash, bank accounts, goods, trade, and crypto. Establish the links between collections and payouts even when no direct transfer connects them.
- Map collection, layering, local settlement, and cash-out activity
- Connect banking, corporate, trade, and on-chain records
- Document each transfer or settlement link and the evidence supporting it
Monitor
Compare operators, banking relationships, customers, companies, domains, and wallets to assess whether the operation continues through a successor or another service.
- Compare infrastructure, operators, companies, and wallet behavior
- Identify shared funding sources and counterparties
- Record the evidence supporting or rejecting the successor assessment
Act
Bring the operators, companies, financial paths, and intervention points into one target package for the team with authority to act.
- Identify accounts, services, assets, and jurisdictions positioned for action
- Prepare the evidence for restraint, seizure, prosecution, or partner referral
- Keep sources, confidence, and analytic reasoning available for review
Resolve
Transactions may sit behind a broker, professional enabler, front company, or money services business. Join the identifiers around the business moving the value.
- Connect companies, directors, domains, channels, accounts, and wallets
- Resolve operators and counterparties across jurisdictions
- Identify the business model and criminal groups using the service
Reconstruct
Reconstruct transfers and offsetting obligations across cash, bank accounts, goods, trade, and crypto. Establish the links between collections and payouts even when no direct transfer connects them.
- Map collection, layering, local settlement, and cash-out activity
- Connect banking, corporate, trade, and on-chain records
- Document each transfer or settlement link and the evidence supporting it
Monitor
Compare operators, banking relationships, customers, companies, domains, and wallets to assess whether the operation continues through a successor or another service.
- Compare infrastructure, operators, companies, and wallet behavior
- Identify shared funding sources and counterparties
- Record the evidence supporting or rejecting the successor assessment
Act
Bring the operators, companies, financial paths, and intervention points into one target package for the team with authority to act.
- Identify accounts, services, assets, and jurisdictions positioned for action
- Prepare the evidence for restraint, seizure, prosecution, or partner referral
- Keep sources, confidence, and analytic reasoning available for review
Money laundering investigations.
~$7M
in stolen funds traced from Wasabi Wallet to the AudiA6 laundering service
20
distinct ransomware groups identified sending funds to the same AudiA6 laundering service
Intelligence
Intelligence built for money laundering investigations.
TRM proprietary intelligence
Resolve the facilitators behind the transactions.
Connect accounts, companies, services, identities, and known laundering methods around the network moving value.
Blockchain intelligence
Reconstruct how the money moved.
Trace wallets, cross-chain paths, services, counterparties, and cash-out points while preserving the attribution behind each finding.
All-source intelligence
Dozens of data partners. One investigation platform.
Ardence brings intelligence from TRM and specialized data providers into one investigation under a single Ardence contract.¹
Use Ardence to analyse company, ownership and online identity information alongside banking, trade and case records your team is authorized to use. Commercial partner intelligence and open-source information help teams investigate the businesses and facilitators moving value, subject to each source's permitted-use and disclosure restrictions.
¹ Provider availability varies by customer and jurisdiction. Supplemental terms may apply.
Services
Expert support and training for financial investigators.
- Contact us
Investigative support
Work with TRM specialists to trace criminal proceeds, investigate laundering services, and connect transactions to the wider case. Prepare the evidence your team needs for a referral or enforcement action. TRM specialists can also help prepare expert witnesses and provide expert testimony on blockchain evidence.
- Learn more
CapDev
Hands-on training helps investigators follow criminal proceeds and work complex financial investigations.
Community
Move from trace to coordinated action.
Disruption Sprints
Recurring events that bring investigators and partners together to work live cases and carry out coordinated disruptions against laundering networks and their facilitators.
Questions
FAQ
Start with a person, company, account, service, domain, communication, wallet, transaction, or case record. TRM helps trace that lead into the wider laundering network.
TRM combines automated analysis, transaction patterns, attribution, and expert review to trace eligible activity through mixers and CoinJoin transactions. The strength of the result depends on the service and available evidence.
Ardence brings blockchain intelligence from Forensics into a broader investigation alongside other evidence. Forensics provides a dedicated platform for deeper crypto tracing and analysis.
This mission follows criminal proceeds and the facilitators moving them. Financial Crime Compliance focuses on how an institution detects and manages exposure within its own program.
TRM helps participating teams investigate transaction paths, attribution, and case context using source information each team is permitted to access and use. Each participant controls what it shares and acts under its own policies and legal authority.
TRM helps teams trace and document the movement of funds. Exchanges, stablecoin issuers, courts, and law enforcement make freezing and seizure decisions.
Insights
Go deeper on money laundering.
2026 Crypto Crime Report
Insights on illicit financial flows, laundering services, and the infrastructure moving criminal proceeds.
Shadow Bankers
Insights on Chinese-language escrow and guarantee networks that support underground financial activity.
Inside the AudiA6 laundering pipeline
How one shared off-ramp connected ransomware groups, stolen funds, and international investigations.
