AMLBot Academy

A collection of 65 posts

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The Role of Customer Due Diligence in AML and KYC Compliance

The financial industry is a heavily regulated with numerous laws governing its operations. Some regulations are designed to safeguard customer interests. In contrast, others are devised to keep tabs on the movement of funds to prevent illegal activities like money laundering, terror financing, and more. As stringent Anti-Money Laundering (AML)

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The Most High-Profile Crypto Fraud Cases and What We Can Learn from Them

Cryptocurrency facilitates a novel and alternate financial system that brings several benefits, like inclusivity, integrity, and overcoming censorship. However, the same factors that breed such benefits can be responsible for the shortcomings of this industry. The pseudo-anonymity and the lack of familiarity with cryptocurrency usage make it a hotbed for

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What Are Cryptocurrency Investigations and Why Are They Necessary?

Cryptocurrencies have a prominent role to play in the modern financial world, and crypto investigations are the key to keeping them safe and secure. The use of digital assets is increasingly widespread, with the number of crypto users increasing by 60 million in the second half of 2022, and it

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How Not to Become a Victim Of Fake Websites – AMLBot's Experience

The cryptocurrency industry is known to make it to the news cycles frequently because of negative happenings like hacks and attacks. As a result, several cryptocurrency users face situations where their funds get depleted from their wallets. Unfortunately, it is only in the aftermath of their loss that most realize

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How to Get a Crypto License for Your Business: A Complete Guide

Intro In 2025, amid evolving regulations and stricter oversight, obtaining a crypto license may seem daunting for many businesses. However, securing the proper license is a vital step to ensure your crypto exchange or wallet service complies with all legal requirements, operates legally in your jurisdiction, and maintains customer trust.

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What Is KYC in Crypto? AML and KYC Explained

Summary This article explores the role of Know Your Customer (KYC) as a foundational pillar of the cryptocurrency sector. It details how identity verification has transitioned from an optional practice to a mandatory legal requirement for regulated crypto businesses. Definition and Purpose. KYC is the process of identifying and verifying

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How Cryptocurrency Is Used In Darknet

Cryptocurrency is replacing fiat money in several aspects. It was first introduced as a digital currency to replace fiat and aid individuals in peer-to-peer transfers by eliminating centralized entities that hold people's money and oversee their transactions. Crypto users get complete control over their funds and a greater

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MiCA Compliance Framework Overview for Crypto Businesses in 2026

In 2026, the EU’s MiCA (Markets in Crypto-Assets) Regulation will be fully applied across all member states. Crypto businesses operate under the complete set of MiCA requirements, supported by the final standards issued by ESMA (European Securities and Markets Authority) and the EBA (European Banking Authority).  This regulation establishes

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How to Open a Bank Account for a Crypto Company

Setting up a bank account for a crypto company sounds like a simple task, but in reality, it can be time-consuming and complex. As cryptocurrencies have become more mainstream, some banks have begun to extend their services to crypto companies. In contrast, others have steered clear of what they view

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Why Do Hackers Attack Crypto?

The crypto industry is witnessing several hacks lately to the tune of hundreds of millions of dollars. The untoward events are increasing in frequency with the rise of the industry's popularity. With more sophisticated applications and platforms deployed, hackers are finding ways to capitalize on vulnerabilities. While users

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FATF Crypto Travel Rule – What Is It?

Criminal activity around the world is at an all-time high. Criminal enterprises bring in billions of dollars in revenue each year. Monetary incentives are needed to keep criminals motivated and illegal activities going. Therefore, preventing the flow of crime-related funds and identifying the actors behind the funds are necessary to

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How To Identify Whether A Crypto Project Is A Ponzi Scheme

Cryptocurrency is now a popular investment class, and every investor wants a piece of the action. Their ability to net large profits in short intervals makes them a good proposition for investing funds. However, such profits come with high risks. Therefore, investors with large risk appetites and money to spare

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How a Crypto Asset Recovery Service Can Reclaim Your Lost Funds

When disaster strikes and cybercriminals vanish with your cryptocurrency, having access to a reputable crypto asset recovery service is critical. In the past two years, people have lost more than $1 billion in crypto scams, and many of those victims will never see their funds again. Crypto is an exciting

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Why Crypto Forensics and Asset Tracing Are Essential to a Secure Marketplace

Potential crypto investors who are concerned about risking their funds in an unregulated marketplace should take heart in the advancement of crypto forensics. In recent years, the use of blockchain forensics tools has proven extremely effective at crypto asset recovery. This is a critical step toward establishing a more secure

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White Hat Hackers: Who Are They, And Why Do We Need Them?

The ability to bring business online is one of the most crucial benefits of the internet to trade and commerce today. Websites, applications, and software are making life convenient for all. With the massive number of people using the internet for various purposes, a lot of money and data flow

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Crypto Security Guide: How to Keep Your Assets Safe

Cryptocurrency has forever changed the face of financial transactions, but crypto security is still catching up with other aspects of the industry. Criminals have capitalized on this lag and made big money, and the problem continues to grow. Hackers stole nearly $2 billion worth of cryptocurrency in only the first

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Tron Network Transaction Verification: How It Can Save You Millions of Dollars ?

The Tron network is the most robust and efficient blockchain network. It offers exceptional speed, scalability and low transaction fees.Tron was originally designed to revolutionize the way digital media is shared. It has evolved into a versatile ecosystem supporting decentralized applications (DApps) and TRC20 tokens. Tron owns a platform

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What to Expect from Current and Future U.S. Cryptocurrency Regulations

Cryptocurrency is often a divisive subject. Its supporters tout its ability to reshape the global financial market, while skeptics express concerns about the potential for massive criminal enterprises. In an attempt to balance the exciting innovations made possible by cryptocurrency with the vulnerability to criminal activity, regulatory agencies have accelerated

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Bitcoin Mixers and Tumblers

Bitcoin is a decentralized cryptocurrency that users can transfer on a peer-to-peer (P2P) network. Nodes on this network verify transactions through cryptographic means and record them in a public distributed ledger called a blockchain. The Bitcoin blockchain is completely public, meaning a blockchain explorer can show a complete record of

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Cryptocurrency Scams: What They Are and How to Avoid Them

Cryptocurrency has experienced a massive surge in interest over the past decade, particularly with the explosion of the non-fungible token (NFT) market that began in 2021. However, such high levels of activity have also led to increasing numbers of cryptocurrency scams. According to the Federal Trade Commission (FTC), investors have

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What to Expect from Current and Future U.K. Cryptocurrency Regulations

Cryptocurrency has opened the doors to innovation and new forms of investment, but it has also created an environment that is vulnerable to scams and fraud. In the U.K., work is underway to establish cryptocurrency regulations that will help protect consumers and stabilize the market. Over the past two

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Is 2022 the Year of Crypto Regulations?

The economic instability wrought by the COVID-19 pandemic also generated an uptick in the collectibles investment markets—including virtual assets. As governments and international bodies like the FATF move to catch up with modern trends, they have begun implementing regulatory practices on virtual assets like cryptocurrencies and virtual asset service

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Don’t Believe the Hype: Six Red Flags of Crypto Businesses

Do you find a promising crypto project but aren’t sure if it’s a good case or a scam? Check it for 6 points of suspiciousness. Otherwise, you can go from riches to rags. Yes, some scams can cost you a whole fortune, so double-check every potential project!If

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Positives Of Crypto Regulation

Significant changes in the cryptocurrency world have become a primary issue in the financial world in 2022: the fight against fraud, enormous losses, and new regulatory rules. In this article, we’ll break down all the changes in detail. Current situation This current state of affairs is disappointing: regular account

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Why (Centralized) Crypto Projects Fail?

The crypto industry has been divided along the line of idealistic convictions ever since its inception. The original blockchain – Bitcoin, was intended as a decentralized haven, an embodiment of the principles outlined in Satoshi Nakamoto’s White Paper. Bitcoin retains its status as truly decentralized, and the most secure blockchain