What is AML and how does it work in an exchange office?

– when there is a suspicion of money laundering or terrorist financing,

– when there are doubts as to the truthfulness or completeness of the customer’s data provided to an employee / associate of the exchange office.

The compliance of procedures with the AML Act becomes mandatory for cryptocurrency exchanges and fiduciary services, such as the Kanga Kantor cryptocurrency exchange network. This, along with the implementation of KYC verification, is an effective tool to fight money laundering and you should be aware of it.