Goldman Sachs Growth Equity has sunk new investment into ComplyAdvantage, a global data technology company with a special line in the detection of financial crime. The terms of the transaction were not disclosed.

The investment is an extension to the company’s oversubscribed Series C funding, which both parties announced in July of last year.  Goldman Sachs is the most prosperous and prestigious of the company’s investors, which include the Ontario Teachers’ Pension Plan Board, Index Ventures and Balderton Capital.

ComplyAdvantage wants to use the new money to accelerate its rapid growth and do more in the field of money-laundering control, know-your-customer (KYC) processes and financial-crime compliance in general.

The company has also become a global partner for Gemini, the US crypto exchange, the Australian payment app Beem It and OakNorth Bank, a British 'challenger' bank.

In addition, the business is offering the market a new programme called ComplyLaunch. This provides financial firms with free access to its AML tools and education.

ComplyAdvantage claims to be taking "an intelligent approach to AML and risk mitigation using massive amounts of data that’s contextualized with machine-learning logic to deliver insights with greater accuracy in real-time and at scale [with its] hyper-scale AML and risk-detection technology...so the data never grows stale."