#CryptoUsersHit18M ensure crypto security?

The term AML (anti-money laundering) refers to the principles of combating the laundering of funds obtained or used in criminal activities. The term was officially established in 1989 after the creation of the FATF and the publication of its policy.

The basic tools of the AML policy are KYC and KYT.

KYC (know your customer) is the identification of the account owner. In this case, the service, for example, a crypto exchange, asks the client to upload documents confirming his identity. This can be done in person or using software that verifies the authenticity of the data and whether it matches the owner's biometrics.