AML checks crypto

crypto7figs24 Jun 2023

replies: 1
views: 81

crypto7figsNew MemberAuthor

Joined: Mar 2022
Messages: 66

24 Jun 2023#1

If investors in my project refuse to undergo KYC procedures, but I implement chain analysis to verify if their wallet is subject to sanctions, would that be sufficient?

SolsOffshoreCorpTalk moderator

Joined: May 2019
Messages: 6,542

24 Jun 2023#2

No, Chainalysis does not substitute KYC. Chainalysis helps identify whether an address has been involved in high-risk or illegal activities. KYC verifies the identity of a person and ownership of a company.

AML checks crypto

More in Mentor Group Gold

Diamonds as investment!

THE 2025 ZERO-TAX RESIDENT’S PLAYBOOK FOR AN ESTONIAN OÜ

You need a real address and director for a UK LTD?

CRS reporting of vIBAN?