AML/KYC (Anti-Money Laundering/Know Your Customer)

AML/KYC (Anti-Money Laundering/Know Your Customer) – “AML/KYC” represents the combined efforts of Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures in the blockchain and cryptocurrency domain. These practices ensure compliance, enhance transparency, and mitigate risks associated with financial crimes. Dive into the world of AML/KYC, understanding how these regulations shape the landscape of blockchain-based transactions, user identification, and financial integrity. Explore how AML/KYC procedures foster trust, regulatory compliance, and the responsible growth of blockchain technology in the global economy.