As more people start to dip their toes into the cryptocurrency waters, two companies are making it their goal to curb nefarious uses of the digital currency.

Elliptic, a blockchain intelligence firm, is collaborating with LexisNexis Risk Solutions to bring into market a bank-grade risk management to digital currency like bitcoin.

LexisNexis is known for providing traditional banks with anti-money laundering risk management data, and this is what Elliptic is looking to tap into to boost its bitcoin transaction monitoring and compliance products.

Together, the two developed a service that they said will help financial services firms sniff out suspicious transactions, especially from those heightened-risk people or groups that are on global watch lists.