TRM Labs Completes SOC 2 Type 1 Certification, Reinforcing Its Commitment To Data Security

TRM InsightsCompany News

November 13, 2020

San Francisco - TRM Labs, the leading provider of cryptocurrency fraud detection and anti-money laundering (AML) software, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type 1 audit. The audit affirms that TRM's information security practices, policies, procedures, and operations meet the SOC 2 standards for security, availability, and confidentiality.

TRM's SOC 2 report, issued by Armanino LLP, verifies the existence of internal controls which have been designed and implemented to meet the highest industry standards for enterprise data security.  The SOC 2 report provides a thorough review of how TRM's internal controls affect the security, availability, and confidentiality of the information processed by these systems.

“Completing the SOC 2 Type 1 certification reinforces TRM's ongoing commitment to the security, availability, and confidentiality of TRM,” says TRM CEO Esteban Castaño. "Our customers, whether from government, financial institutions, or cryptocurrency businesses, can be confident that we are committed to establishing and maintaining the most stringent controls needed to ensure the highest level of security and compliance.”

This independent validation of security controls is crucial for customers in highly regulated and sensitive industries.  TRM works closely with governments and industry to monitor cryptocurrency transactions on the blockchain to identify money laundering, terrorist financing and other threats to the integrity of the global financial system.

A copy of the SOC 2 audit certification is available to clients and prospective clients on demand.

About TRM Labs

TRM Labs is the crypto compliance company. TRM enables organizations to detect fraud and financial crime, accelerate business processes, and meet regulatory requirements, all while working with industry-leading data and workflows. Founded in 2018, TRM works with the largest cryptocurrency businesses and financial institutions worldwide. TRM is headquartered in San Francisco, CA, with offices in Washington D.C. and Europe. TRM is backed by leading investors including PayPal, Initialized Capital, Blockchain Capital, and Y Combinator.

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