Circle Launches New Compliance Tool for Programmable Wallets: Compliance Engine

According to official news, Circle has launched the "Compliance Engine" for programmable wallets, which aims to help companies develop blockchain applications while meeting strict compliance requirements. The service will be equipped with a transaction screening tool for "detecting risky and suspicious" transfers, and a monitoring tool for "helping to identify potential high-risk behaviors." In addition, the "Travel Rule" service is designed to meet the Financial Action Task Force's monitoring and data verification requirements for virtual asset service providers. The Circle website states that the Compliance Engine will provide a one-stop "console" where users can integrate APIs and analyze data, mark transactions in real time, perform long-term investigations, set up blacklists for wallets associated with suspicious or known bad actors, and report transactions to authorities. The tool will support any blockchain connected to Circle's existing programmable wallet tools, including Avalanche, Ethereum, Polygon, and Solana. Developers will pay monthly on a "pay as you go" model.