For business
KYT office
Compliance solution to monitor risks, detect sanctions and ensure AML rules.
KYT office
Compliance solution to monitor risks, detect sanctions and ensure AML rules.
AML certification
How industry players can get up-to-date knowledge and professional certification.
AML certification
How industry players can get up-to-date knowledge and professional certification.
Comprehensive transaction analytics that helps to build graphs and trace funds.
Graph
Travel rule
(soon)
For personal use
Telegram bot
Bot for checking crypto for risks, providing AML reports.
Telegram bot
Bot for checking crypto for risks, providing AML reports.
Getting money back
Services are focused on tracking
and recovering crypto assets.
and recovering crypto assets.
Getting money back
Services are focused on tracking
and recovering crypto assets.
and recovering crypto assets.
Docs and reports
All types of documents related
to cryptocurrency.
to cryptocurrency.
Docs and reports
All types of documents related
to cryptocurrency.
to cryptocurrency.
Portfolio tracker
Information about all assets and risk assessment in one place.
Portfolio tracker
Information about all assets and risk assessment in one place.
AML checks
Сhecking wallets and transactions
for illicit funds.
for illicit funds.
AML checks
Сhecking wallets and transactions
for illicit funds.
for illicit funds.
AML-сертификация
Актуальные знания в области AML/KYT от ведущих экспертов отрасли.
AML-сертификация
Актуальные знания в области AML/KYT от ведущих экспертов отрасли.
Graph
Визуализация перемещения активов
и связей между кошельками.
и связей между кошельками.
Graph
Визуализация перемещения активов
и связей между кошельками.
и связей между кошельками.
KYT Office
Мониторинг транзакций и кошельков для вашего отдела комплаенса.
KYT Office
Мониторинг транзакций и кошельков для вашего отдела комплаенса.
Для себя
Для Бизнеса
Travel rule
(Cкоро)
Телеграм-бот
Бот для проверки кошельков и транзакций с выдачей отчётов.
Телеграм-бот
Бот для проверки кошельков и транзакций с выдачей отчётов.
Возврат средств
Услуги по отслеживанию и возврату украденных криптоактивов.
Возврат средств
Услуги по отслеживанию и возврату украденных криптоактивов.
AML-проверки
Проверка кошельков и транзакций на наличие "грязной" криптовалюты.
AML-проверки
Проверка кошельков и транзакций на наличие "грязной" криптовалюты.
Портфолио трекер
Информация о всех активах и оценка рисков в одном месте.
Портфолио трекер
Информация о всех активах и оценка рисков в одном месте.
Отчёты
Все типы документов связанные
с криптовалютой.
с криптовалютой.
Отчёты
Все типы документов связанные
с криптовалютой.
с криптовалютой.
AML and KYC
What is AML and KYC?
Let us start with AML and KYC compliance. First of all, virtually any cryptocurrency exchange in the world cannot properly operate without implementing these procedures.
Every owner and holder of cryptocurrency has to face AML and KYC procedures when working with exchanges. No major cryptocurrency exchange in the world can exist without AML and KYC compliance now.
Every owner and holder of cryptocurrency has to face AML and KYC procedures when working with exchanges. No major cryptocurrency exchange in the world can exist without AML and KYC compliance now.
Let us get all this straightened out.
First of all, AML or Anti-Money Laundering refers to a set of special measures and rules intended for combating money laundering, terrorist financing, and administration of other financial crimes.
Interestingly, the AML term was finally approved after the creation of the Financial Action Task Force on Money Laundering (FATF) in 1989.
The process of AML compliance is based on the thorough collection of information about suspicious transactions and adverse customer behavior. Suspicious transactions can be detected by using a detailed analysis of all available information.
Interestingly, the AML term was finally approved after the creation of the Financial Action Task Force on Money Laundering (FATF) in 1989.
The process of AML compliance is based on the thorough collection of information about suspicious transactions and adverse customer behavior. Suspicious transactions can be detected by using a detailed analysis of all available information.
KYC or Know Your Customer
Refers to a specific set of rules, which make the process of customers' identity verification obligatory for all financial institutions.
Precisely because of these rules you simply cannot start working on centralized exchanges without verifying your identity.
The following information has to be requested within the KYC compliance:
Without having the basic set of information about their customers, no financial institution can legally operate in the modern world.
- Full name
- Phone number
- Date of birth
- Country and full residential address
- Email address
- Identity Card (passport, driver's license, and other documents)
Readability is Primarily the Concern of a Designer
It is worth noting that KYC compliance is one of the fundamental procedures that is included in the wide range of AML rules.
At the same time, AML compliance is a process that consists of analyzing a wide range of customer information. Interestingly, KYC compliance is part of AML compliance that allows getting general information about customers.
At the same time, AML compliance is a process that consists of analyzing a wide range of customer information. Interestingly, KYC compliance is part of AML compliance that allows getting general information about customers.
So, let us take a look at it one more time. For all practical purposes, KYC compliance is an identity verification process, while AML compliance is a set of specific methods intended to prevent money laundering.
