{"id":45937,"date":"2021-07-12T16:12:12","date_gmt":"2021-07-12T13:12:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45937"},"modified":"2025-09-01T13:48:18","modified_gmt":"2025-09-01T10:48:18","slug":"ok-group-to-aid-police-in-aml-crackdown-using-blockchain","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ok-group-to-aid-police-in-aml-crackdown-using-blockchain\/","title":{"rendered":"OK Group to Aid Police in AML Crackdown Using Blockchain"},"content":{"rendered":"<p>OK Group, the parent company of the cryptocurrency exchange OKEx, has announced a collaboration with the Nanjing Public Security Research Institute. The aim is to apply blockchain technology in operations against breaches of anti-money-laundering regulations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">OKLINK has reached a cooperation with Nanjing Public Security Research Institute to establish a laboratory, and China\u2019s cryptocurrency leaders have more frequent cooperation with local police. <a href=\"https:\/\/t.co\/NwrvIxrYCx\">https:\/\/t.co\/NwrvIxrYCx<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1414428342946734084?ref_src=twsrc%5Etfw\">July 12, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As part of the Oklink group, together with the Nanjing Public Security Research Institute, a dedicated laboratory named Chaintelligence will be created. It will focus on on-chain data analysis, risk management, and staff training. The flagship product developed by Oklink in the field of blockchain analytics carries the same name.<\/p>\n<p>According to the press release, Chaintelligence has enabled police in five Chinese provinces to uncover dozens of AML violations and bolster the budget by 10 billion yuan ($1.5 billion).<\/p>\n<p>According to journalist Colin Wu, investigators are highly motivated to pursue offenders because it enables them to obtain additional funding.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">To some extent, cracking down on fraudulent projects involving cryptocurrency can help local police obtain income, so they are also very motivated.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1414428383572758528?ref_src=twsrc%5Etfw\">July 12, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, OKEx founder Star Xu spoke about <a href=\"https:\/\/u1f987.com\/en\/news\/okex-founder-star-xu-on-cooperation-with-law-enforcement\">cooperation with law enforcement<\/a> in the merger case involving OK Group.<\/p>\n<p>In October 2019, Chinese President Xi Jinping said that the country should become a leader in blockchain.<\/p>\n<p>In June 2021, China <a href=\"https:\/\/u1f987.com\/en\/news\/china-unveils-guidelines-for-blockchain-deployment\">developed guidelines<\/a> for the deployment of blockchain, as a tool to implement the Digital China strategy.<\/p>\n<p> Subscribe to ForkLog\u2019s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>OK Group, the parent company of the cryptocurrency exchange OKEx, announced a collaboration with the Nanjing Public Security Research Institute to apply blockchain technology in anti-money-laundering operations.<\/p>\n","protected":false},"author":1,"featured_media":45938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"OK Group partners with Nanjing police to use blockchain for AML enforcement.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1292,133,1154,1291,1515],"class_list":["post-45937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aml-kyc","tag-china","tag-crimes","tag-okx","tag-tracking"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"OK Group partners with Nanjing police to use blockchain for AML enforcement.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45937"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45937\/revisions"}],"predecessor-version":[{"id":45939,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45937\/revisions\/45939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45938"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}