AML and CFT

AML refers to anti-money laundering and CFT to combating the financing of terrorism.

Money laundering and terrorism financing are two kinds of financial crimes. Worldwide governments have been putting in place AML/CFT laws to tackle these crimes. Today, an increasing number of jurisdictions are also implementing AML/CFT requirements on cryptocurrencies. Cryptocurrencies can represent high money laundering and terrorism financing risks because they are pseudonymous and can be difficult to trace.

Blockchain analytics tools are very useful for crypto companies to comply with AML/CFT requirements worldwide.