BestChange, a cryptocurrency exchange monitoring service, has launched a new tool designed to check cryptocurrency addresses for compliance with Anti-Money Laundering (AML) standards. This AML analyzer, hosted on the BestChange platform, allows users to verify cryptocurrency addresses before sending or receiving funds, thereby reducing risks associated with various cryptocurrencies.
The AML analyzer supports dozens of leading cryptocurrencies including BTC, ETH, DOGE, MATIC, and XRP, as well as tokens and popular blockchains such as ERC20 and TRC20. The tool is designed with a user-friendly interface to make the verification process quick and easy. Users only need an email to receive notifications, and no registration is required. The process involves entering a cryptocurrency address, and the system provides suitable assets for checking. The entire 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. The AML analyzer from BestChange helps users identify these suspicious connections and risk flags associated with crypto addresses. It provides detailed analysis and recommendations to avoid issues related to AML compliance.
The initial verification is available for a small fee, and all subsequent checks of an already checked address are free. Unlike other services focused on mass checks, the AML analyzer from BestChange allows users to perform individual checks, reducing the risks for private users when working with crypto assets. For user convenience, payment options with minimal fees are available, including Tron TRX, Bitcoin Lightning, Volet USD, and Payeer USD. More payment methods are planned to be added in the future.
Using BestChange’s AML analyzer helps users avoid problems when sending or receiving funds, protect themselves and their crypto assets, and receive clear recommendations based on detected risk flags. The BestChange team recommends checking crypto addresses before sending funds to ensure compliance and security.
Source: dailycoin.com
