Actually I think that soon the majority of blockchain businesses will use AML and KYC.
hmm very bad 
Topic: AML/KYC Explained - page 18. (Read 397143 times)
KYC issues I don't really know why also this happen this day, but I think their is good reason for introduction of kyc. Also, on the part of KYC body let the verification be fast so that it will ease people.
The thread is eye opening. Authorities have been interested from the very beginning to get an insight view into the coinmarkets/holders and have been wondering since how to best sez up tax rules etc. So it was just a matter of time until stricter rules for the exchanges were set up, no matter if they do not exchange fiat vs. cryto.
Actually I think that soon the majority of blockchain businesses will use AML and KYC.
AML/KYC is a barrier to entry for small Bitcoin startups and effectively hinders Bitcoin innovation .. it should be IGNORED
I think this AML/KYC is somewhat important yet can hinder also in the bitcoin growth but it can hinder as well illegal transactions here.
Is KYC know your customer ?
Is anyone already using these? I know a project, called FreeZone (Freezone.one), they are going to work with AML and KYC. If anyone can check and tell me how real this is, it will be cool. The main idea is to give companies an opportunity for running crypto business legally in one country.
More any new coin also verify KYC:
- thekey.vip
- Hdac.io
- Fintrux.com
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- thekey.vip
- Hdac.io
- Fintrux.com
-
Currently nowhere I can find a retention period on how long they are allowed to maintain the documents. Further, I have not found regulatory policies on what is allowed to be done with them.
For the US, I recently came across this article which lists ALM and Customer Account Information retention periods as 5-6 years after the account is closed: https://www.finra.org/industry/comparison-aml-customer-identification-rule-and-secs-books-records-customer-account
AML/KYC is a barrier to entry for small Bitcoin startups and effectively hinders Bitcoin innovation .. it should be IGNORED
AML/KYC is the best and ideal thing to do to prevent being scamed and why we should ignore this? For me it must be implemented if it is the way to avoid scammers.
Could you explain me how this would prevent me from being scammed?
If I do KYC to a scammer, I would still loose my money after investment...
KYC to my believe only serves the purpose of preventing criminal investments to be made into ICO's
AML/KYC is a barrier to entry for small Bitcoin startups and effectively hinders Bitcoin innovation .. it should be IGNORED
AML/KYC is the best and ideal thing to do to prevent being scamed and why we should ignore this? For me it must be implemented if it is the way to avoid scammers.
Thanks For The info makes things a lot easier 
This platinum crypto exchange does not require ID's and has the best platform, and good reviews:
https://bitcointalksearch.org/topic/--2667100
https://bitcointalksearch.org/topic/--2667100
Thanks for the information, it's good to know more about this as i see more and more ICO asking for KYC and AML, also more and more exchange are asking for it. I hope they wont use our information for bad uses.
Good to know! Thanks for this post
Anti-Money Laundering (AML) and Know Your Customer (KYC) initiatives have emerged as important focus areas for financial institutions. Hefty penalties for non-compliance, challenges in acquiring the “right" customers, emerging digitally empowered competitors, and thinning profit margins are forcing financial institutions to reimagine their AML and KYC programs.
Genpact's proven experience of running industrialized AML and KYC operations for financial institutions globally, including several Fortune 500 clients, enables firms to augment operational efficiency, optimize processes, and improve compliance.
Genpact's proven experience of running industrialized AML and KYC operations for financial institutions globally, including several Fortune 500 clients, enables firms to augment operational efficiency, optimize processes, and improve compliance.
AMC / KYC is a very confusing process. Some companies, such as ICON and UTRUST, applied for their passport and said that their national identification and driver's license would not be accepted. But they changed their minds after many complaints.
How come these policies can be adapted to ICOs and others projects with blockchain technologies?
True but OTP verification is still king. I don't know anyone who can hack phone messages remotely.
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