Anti-Money Laundering (AML) refers to rules and regulations for financial and legal systems that are designed to prevent financial crimes, such as making money illegally and moving illicit funds.
Banks and other financial organizations follow AML policies to ensure they don’t participate in money laundering. Most use special software for tracking suspicious activity and checking customers’ names against government lists. In this regard, AML is connected with Know Your Customer (KYC) policies, which aim to verify customers’ identities.
Most crypto platforms, including CEX.IO, work in accordance with AML/KYC policies to provide a secure and reliable place for exchanging and storing funds. CEX.IO strives to follow regulations while protecting your privacy. We use advanced technologies to make the verification process fast and convenient for customers. You can find more details about the components of our AML/KYC policy on our Legal and Security page.