TRM Labs launched Beacon Concierge to help law enforcement agencies track, freeze and seize cryptocurrencies linked to illicit activity. The service is available worldwide to vetted agencies without a TRM Labs license, but decisions to freeze assets remain with the relevant issuers and platforms.
After an agency is verified and submits a request, TRM Labs specialists trace funds and send evidence to organizations that can act. According to TRM Labs, Beacon Concierge has been used in 15 investigations by 14 agencies in 10 countries, resulting in more than $35 million being frozen.
