AMLKYCCompliance

AML/KYC Compliance Checklist for Digital Asset Companies

September 18, 2024 · Marjana Rozental

Why AML/KYC Programs Matter

Regulators expect crypto businesses to demonstrate robust customer due diligence and transaction monitoring before granting a license.

Core Program Elements

A strong program includes a written AML policy, risk-based customer classification, ongoing transaction monitoring and a designated compliance officer.

Common Pitfalls

Generic, unlicensed template policies and lack of staff training are the most common reasons applications are rejected.

Get a Compliance Review

Licensium's compliance team can audit your current program and build a regulator-ready AML/KYC framework from the ground up.