Understanding Germany’s regulations on anti-money laundering (AML) and know-your-customer (KYC) procedures for crypto exchanges Anti-Money Laundering (AML) and Know Your Customer (KYC) are security procedures used by financial services, such as the best crypto exchange in Germany, to ensure the safety of clients’ information and funds. Anti-money laundering is the method of executing transactions with the aim of converting illegal money into legal money. It refers to the web of rules, regulations, and laws, aiming at uncovering attempts to disguise illegal funds as legit income. On the other hand, Know Your Customer (KYC) is another security standard designed to protect
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Author: coinmaker