Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday.

As part of the partnership, Chainalysis will provide access to its “Know Your Transaction” compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time, according to a press release. In particular, the tool will look for potentially criminal or otherwise illicit activity.

Binance’s chief financial officer, Wei Zhou, told CoinDesk that he hopes the move will “inspire” the crypto industry to take anti-money laundering and anti-terrorism financing measures seriously.

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