TRM Labs and Sumsub Join Forces to Enhance Crypto Fraud Prevention and Financial Crime Mitigation

TRM Labs and Sumsub Partner for Enhanced Crypto Security

In an age where financial crime is increasingly sophisticated, TRM Labs, a prominent provider of blockchain intelligence solutions, has taken a significant step forward. On August 13, 2025, TRM Labs announced a strategic partnership with Sumsub, a global leader in verification services. The integration aims to arm compliance teams with comprehensive tools to combat crypto fraud and ensure a safer transaction environment.

Addressing the Growing Threat of Crypto Fraud

As reported by Chainabuse, instances of generative artificial intelligence (genAI) scams surged by 456% from May 2024 to April 2025 compared to the previous year. In response to the rising tide of fraud, Sumsub also highlighted a 48% increase in fraudulent activities across the crypto landscape in 2024, marking it as a critical challenge for virtual asset service providers (VASPs). In fact, such fraud now accounts for approximately 2.2% of all verification attempts on various global crypto platforms, signaling the urgent need for advanced security measures.

TRM Labs and Sumsub's partnership seeks to address these pressing issues by integrating advanced risk intelligence functionalities, offering a cohesive dashboard that features tools for wallet screening, transaction scoring, and real-time risk signal monitoring. This integration simplifies compliance processes, allowing teams to make informed decisions faster and more effectively, safeguarding both the consumer and the service provider.

Key Features of the Integration

1. Early Risk Detection: Compliance teams can now proactively assess potential risks by screening destination wallet addresses prior to confirming transactions. This feature aims to identify and block high-risk withdrawals before they are executed, thus reducing possible losses.

2. Advanced Risk Scoring: Drawing on TRM's extensive dataset, this feature enhances risk assessments based on exposure to various threat categories and the profiles of associated entities. It aims to detect fraudulent activities early in the transaction process.

3. Unified Real-Time Monitoring: By providing a centralized view of identity and on-chain risks, this integration allows for more efficient and timely compliance-driven decisions.

4. Automated Compliance Workflows: Users can define custom alert rules to optimize transaction monitoring and fraud detection, substantially cutting down on manual efforts and false positives.

Seamless Integration and Enhanced Security

The collaboration allows existing TRM subscribers to seamlessly integrate their accounts with Sumsub's platform via the Bring Your Own Key (BYOK) model. This mechanism ensures that users retain full control over their sensitive data while enjoying the benefits of the comprehensive suite of tools offered by Sumsub’s Crypto Monitoring service.

Ilya Brovin, Chief Growth Officer at Sumsub, remarked, "We are excited about our partnership with TRM Labs. It enhances our Crypto Monitoring solution by equipping it with advanced blockchain risk intelligence to preemptively detect fraud and financial crime. Together, we make flexible, real-time compliance decisions possible for our clients."

TRM's Global Head of Policy, Ari Redbord, echoed this sentiment, stating, "As illicit tactics evolve, our tools must adapt as well. This partnership combines TRM’s real-time intelligence with Sumsub’s thorough risk signals, empowering organizations to prevent fraud proactively."

Why This Matters

This partnership comes at a pivotal moment, as the crypto industry faces unprecedented challenges due to fraudulent activities. Both TRM Labs and Sumsub aim not only to address these issues but also to reshape the framework of crypto compliance and security, thereby fostering a more transparent and trustworthy digital financial ecosystem.

The integration of TRM's blockchain intelligence solutions with Sumsub's identity verification capabilities marks a vital advancement in crime prevention strategies within the cryptocurrency space. By enabling compliance teams to act swiftly and effectively, they can minimize risks and cultivate confidence among users as they navigate the complex world of digital assets.

To discover more about Sumsub’s Crypto Monitoring capabilities, visit Sumsub's website.

A Future of Increased Security

Through this collaboration, TRM Labs and Sumsub anticipate an enhanced landscape for compliance in the crypto industry, ultimately aiming for a future where both leaders and users can feel secure.

For ongoing updates and further information, keep an eye on both companies' respective channels for future developments.