What are the AML requirements?

What you should be aware of when conducting AML procedures.

We have developed a list of requirements to consider when conducting AML procedures. It is important to note that it is the resonbility of the issuer to comply with all necessary AML procedures:

  • International watch lists can be used for companies or personas who may seem risky
  • Risk scores can be accessed through Ethereum addresses
  • Provenance of funds needs to be proven by using proper bank controls and in some instances having investors submit declarations of sources of funds
  • Companies can choose to process the KYC and AML checks internally or via an external agent who is well versed and qualified to run all the proper procedures.
  • By using KYC and AML technical solutions it is possible to automate part of the process and plug in all of the KYC requirements into your offering funnel.