KYC

The cornerstone of the modern approach to money laundering is to prevent illicit funds from entering the financial system. The rationale is understandable: if criminals won’t be able to use their money, they will have to eventually stop…

For the past decade, the abbreviations AML and KYC have become an inextricable part of our lives. To help law enforcement track illegal funds, an increasingly constraining set of anti-money-laundering measures is being implemented across…

Crypto exchange MEXC has reportedly initiated a crackdown on unverified users suspected to be from mainland China. According to Chinese blockchain journalist Colin Wu, citing sources within the local crypto community, MEXC has begun…

Know Your Customer (KYC) and anti-money laundering (AML) policies are key components of financial crime prevention. Traditional AML and KYC processes, on the other hand, can be time-consuming and prone to human error. Regtech (regulatory…

On March 23, CNBC reported that a group of Binance angels had shared techniques that allow users to bypass the platform's KYC, residence, and verification systems. CNBC Certain The information comes from a review of…