We offer a variety of crypto products and services to over nine million customers in 190 different countries. Last year, we received data requests from law enforcement and government agencies in 69 countries:
Although these requesting agencies were spread across the federal, state, and local levels, most requests received came from law enforcement agencies. The most common requests for which data was provided were:
Many types of requests for information are received and Kraken has strict policies and procedures to comply with laws and regulations and protect customer privacy while providing data when we have a legal obligation to do so.
U.S. agencies issued 28.2% of all data requests in 2023
Kraken received 4,923 data requests in 2023; the United States issued the most (1,393), as in 2022. The FBI, once again, received the most requests of all American agencies (33.1%):
The 2023 U.S. requests came primarily from law enforcement. While the SEC accounted for only 1.8% of total requests from U.S. agencies, it issued 58.1% of all requests from U.S. regulatory agencies:
Combined demands from global law enforcement and regulators increased 33% in 2023 compared to 2022.
- Demands from global regulatory agencies increased by 70% compared to 2022
- We provided data for 51% of requests. Data was requested for 6,110 accounts in total – most commonly for customers located in the US (22%), Germany (11%) and the UK (9%).
- The largest percentage increase in data requests compared to 2022 comes from the British Virgin Islands (400%) and Australia (341%).
A dedicated team of compliance experts
Our compliance team is comprised of seasoned anti-money laundering professionals, attorneys, former law enforcement officers, analysts certified by the Association of Certified Anti-Money Laundering Specialists (ACAMS) and many other accredited professionals in the field of cryptocurrencies.
They ensure we conduct appropriate investigations and monitoring for our clients and the industry. To effectively and professionally respond to requests from law enforcement and regulators, we continue to expand and strengthen our compliance program, including reducing the average request processing time by 33% in 2023 by compared to 2022, as we have built specialized teams and automated certain processes.
Leading Data Security Practices
The confidentiality of your personal information is very important to us. We work tirelessly to protect your information through dedicated design efforts from our security team as well as our data privacy team. For over a decade, we have built an industry-leading security practice, led by some of the world's best security experts:
These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken does not and will not endeavor to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection programs. The unpredictable nature of crypto-asset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply.