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CUB Selects Chainalysis As A Compliance Partner

Capital Union Bank selects the blockchain data platform Chainalysis as a compliance partner for digital assets. Chainalysis provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries.

We tapped Chainalysis for their risk management software and expertise to ensure the safe and compliant rollout of digital assets solutions – including trading and custody – to our customers.

Building out digital assets services brings additional regulatory scrutiny, and our bank, which is regulated by the Central Bank of the Bahamas and the Securities Commission of the Bahamas, will integrate Chainalysis compliance software in support of comprehensive risk management and due diligence practices.

“As an independent bank in the Bahamas, Capital Union Bank is uniquely positioned to build a bridge between sophisticated investors and the digital assets markets,” said Patrick Zbinden, Chief Executive Officer (Capital Union Bank). “With Chainalysis by our side, we feel equipped to provide these new services in a safe and compliant way.”

“Financial institutions are integral to the overall growth of the cryptocurrency industry, and partnering with respected banks like Capital Union will help build trust in the industry,” said Jonathan Levin, Co-Founder and Chief Strategy Officer (Chainalysis). “We’re thrilled to partner with such a forward thinking bank and look forward to enabling the further adoption of cryptocurrency, safely.”

Our bank will adopt Chainalysis KYT (Know Your Transaction) and Reactor. Chainalysis KYT performs continuous, real-time transaction monitoring for all digital assets to detect patterns of high-risk activity. Chainalysis Reactor, the investigative tool, provides deeper due diligence into suspicious activity.


CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas

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