The exchanger monitor BestChange has launched a new tool for checking cryptocurrency addresses for compliance with AML standards (international anti-money laundering practices).
The AML analyzer hosted on the BestChange platform allows you to check cryptocurrency addresses before sending or receiving funds, which helps reduce risks when working with various cryptocurrencies. The tool supports dozens of leading cryptocurrencies, including BTC, ETH, DOGE, MATIC, XRP, as well as tokens and popular blockchains such as ERC20 and TRC20. Based on the data received, the service automatically provides recommendations, which simplifies the decision-making process. The user-friendly interface makes verification quick and easy for all users.
- To get started, you only need an e-mail to receive notifications. No registration required.
- It is enough to enter a cryptocurrency address, and the system will offer suitable assets for checking.
- The whole process takes no more than two minutes.
Cryptocurrency services are required to comply with the requirements of international financial regulators by checking incoming transactions for risk marks. If a crypto address shows signs of suspicious connections or has various risk flags, funds may be frozen for verification and KYC (Know Your Customer) procedures to find out the origin of the funds.