Finally decided to do a mini-series on the Anti-money laundering (AML) regulations + KYC. This will be the first cast going over high-level regs + some examples to understand basics

I was an independent auditor for AML + Sanctions regimes across a litany of entities such as small farm banks, international FinTechs, Crypto companies, and large regional banking firms. I have seen every type of program you will encounter and done it across different countries. aka I know what I am talking about

A simple example of customer identification is that in the USA, by law, all affected entities must collect:
- Name
- Date of birth 
- Address
- SSN
- A way to verify identity via a document (license) or a non-documentary method (3rd party provider)

At a high level, AML regulations are basically the same everywhere you go. Yes, there are slight differences, but the pillars don't change:

- KYC
- Transaction monitoring
- Sanctions

AML regulation is annoying with its checklist of acronyms, so I will start with a couple of definitions here:
- Bank Secrecy Act (BSA) | AML framework in USA. The main point of reference here
- Know your customer (KYC) | Common term for customer identification and ongoing risk management. Included within the term AML

AML Officer

Crypto Trader Compliance Guy - AML Compliance Officer | Crypto Enthusiast | Day Trader | Closet Comedian.

Nice. Same here. My expertise lies with US BSA/AML regs. Hit me up if u ever want to talk shop. 50 $degen

Based in western hemisphere 

It is probably monitored ad-hoc but nothing like TradFi

Saw your long chain series about AML compliance. Most here doesnt wants to listen to that. They only care about how to get rich on memecoins. Where are you based to gain your knowledge? Do you think the activity on FC and Base is being monitored for suspicious activity? Check out my channel /aml if you like that stuff.