MAEXO

AML (Anti-Money Laundering)

Glossary

Regulation

AML (Anti-Money Laundering)

Rules requiring exchanges to detect and report suspicious activity.

Definition

In depth

Anti-money-laundering rules force exchanges and other VASPs to identify customers (KYC), monitor transactions, and report suspicious activity to financial regulators. They're the reason centralized exchanges ask for ID and source-of-funds documentation.

Related

Related terms

KYC (Know Your Customer)

Identity verification required by regulated exchanges.

CEX (Centralized Exchange)

An exchange operated by a company that holds custody of user funds.

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