AML checks crypto

[crypto7figs]

If investors in my project refuse to undergo KYC procedures, but I implement chain analysis to verify if their wallet is subject to sanctions, would that be sufficient?

 

[Sols]

No, Chainalysis does not substitute KYC. Chainalysis helps identify whether an address has been involved in high-risk or illegal activities. KYC verifies the identity of a person and ownership of a company.

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