In order for crypto to become widely accepted as a form of payment we need to add KYC and AML. We’ve developed a solution, which can be easily ported to Æternity.
CryptoID is a financial identity, which can be attached to any crypto-wallet, turning any transactions from that wallet KYC & AML compliant.
We’ve developed the mobile apps and the backend. All data is peer to peer encrypted. More info on https://cryptoid.digital/. Now deciding on which blockchain it will run on.
If interested to add KYC & AML to Æternity, ping me.
Alex K
[email protected]
Your page seems to be down but we’re interested to develop an KYC standard that can be used by everyone in the ecosystem. There are multiple ideas and it would be great to get your input if you’re still working on that topic.
It Awesome and really very great effort. Because as enough I know about aml compliance 2020 you don’t need a program to monitor your customer on a continuous basis just to test your customer once. The continuous monitoring function involves the monitoring of financial transactions and accounts based on the criteria defined in the risk profile of a customer.
Some other surveillance considerations may include, depending on the customer and the risk mitigation strategy:
- Spikes in activities
- Out of area or unusual cross-border activities
- Inclusion of people on sanction lists
- Adverse media mentions