Chainlink’s ACE is designed to help reduce the $60 billion in financial crime compliance costs faced by institutions in the US and Canada, through automated, onchain policy enforcement.

Quotes that support claims

Financial crime compliance for institutions in the US and Canada cost upward of $60 billion in 2023, according to a research report by LexisNexis and Forrester Consulting.

Initial attempts have been expensive, slow, or incomplete, such as relying on manual and duplicative processes, doing point integrations with dozens of different vendors, or using third parties to manage compliant/non-compliant lists of onchain addresses.