Notabene, a company specializing in providing anti-money laundering (AML) solutions for cryptocurrency transactions, has raised $14.5 million in its Series B funding round. This funding was led by DRW Venture Capital, with participation from other notable investors such as Apollo, Nextblock, ParaFi Capital, and Wintermute.

This funding comes at a crucial time as the Financial Action Task Force (FATF) has introduced regulatory recommendations for crypto companies to enhance compliance. Notabene is already working with 165 companies, including significant players in the crypto space like Copper, OKX, and Ramp.

CEO Pelle Braendgaard anticipates that compliance deadlines in Europe will drive an increase in transaction volumes. He expressed that the necessary reporting for transactions will push the industry towards global compliance, emphasizing how regulations in Europe will also impact crypto firms outside of the continent.

Braendgaard stated, "EU companies will have to report if they're not getting travel information from, say, a large, unregulated offshore exchange." He believes that similar initiatives will be adopted in the United States under a future Trump-led administration, focusing on bringing trading activities back to America.

For more details on Notabene and its future endeavors, visit their official website.