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AML check of cryptocurrency address

* Crypto address:
* Crypto asset:
* E-mail:
*
 

Description of service

For visitors who plan to exchange cryptocurrency, the BestChange website provides the opportunity to conduct an AML check of the crypto address from or to which they plan to send cryptocurrency.

The AML analyzer allows you to verify a crypto address both for accepting coins (native cryptocurrencies) and for accepting tokens (assets created on the basis of existing blockchains) in various networks (for example, ERC20, BSC).

Data provided by Crystal Blockchain.

What should you know about AML?

  • Anti-Money Laundering is a measure taken by financial regulators to combat the laundering of illegitimate funds.
  • All cryptocurrency services, such as exchanges, exchangers, monitors, online wallets, merchants, and processors, are required to comply with the requirements of AML financial regulators and screen transactions they receive for the presence of high-risk marks.
  • The display of such marks means that there are direct or indirect links to suspicious sources, therefore, upon receipt of such assets, any financial services in the world must freeze the funds for additional verification in order to carry out the KYC (Know Your Customer) procedure to find out the source of the funds' origin and verify all related data. Usually, the user is not a violator, and such connections to the crypto address were obtained non-maliciously or accidentally. Therefore, in the vast majority of cases, no critical violations will be detected, and the funds will be returned to the sender after verification.
  • At the same time, it is always better to prevent a problem than fix it. That is why the monitor has introduced the possibility of checking a crypto address before sending funds and receiving automatic recommendations based on the result of the AML check.