What is an AML strip of cryptocurrency and how can it threaten?

Today, I want to explain in simple terms what cryptocurrency AML verification is, why it's important, and how to avoid unpleasant consequences if your wallet fails the check.

AML (Anti-Money Laundering) is translated from English as “the fight against money laundering,” in our case, the fight against money laundering obtained in the form of cryptocurrency.

Essentially, this is a check of cryptocurrency wallets and transactions for connections to illegal activities, such as fraud, hacking, or the sale of prohibited goods.

The most annoying thing is that you don't have to sell drugs or engage in other illegal activities to have your wallet blacklisted by the AML.

It's enough to top up your wallet or exchange cryptocurrency through an untrustworthy service, and you'll end up on the AML list.

Therefore, when exchanging, it is advisable to use trusted services, for example, bestchange.ru

Every time you send or receive cryptocurrency, your transaction may be automatically subject to AML analysis. If the wallet has a questionable history, the transaction may be frozen and the funds blocked.

Where can I check my wallet for AML for free?

There are several convenient services that don't require registration and allow you to quickly check your crypto wallet for AML risks.

AML wallet verification services

• AMLBot ( amlbot.com ) : a convenient service that will show you the risk level of your wallet in seconds.
• Blockchair ( blockchair.com ) : Allows you to check a wallet address for connections to suspicious transactions.
• Bitcoin Abuse Database ( bitcoinabuse.com ) : helps you check a Bitcoin address for possible fraud.

Using these services, you can ensure in advance that your wallet is secure and won't raise suspicions during transfers, or check your counterparty's wallet.

What are the consequences of a negative AML check?

If your wallet shows a negative result, the following consequences are possible:

• The exchange may freeze your account or block funds.
• There will be difficulties with withdrawing money or exchanging cryptocurrency for fiat money.
• Your address may be blacklisted and future transactions may be at risk.

Sometimes a wallet becomes "problematic" through no fault of your own—for example, if you accidentally receive money from a fraudulent wallet. In such a situation, the key is to not panic and act wisely.

Very often, exchange services will simply offer you to transfer the funds back, albeit with an additional transfer fee.

What should I do if my wallet fails AML verification?

If your wallet is marked as suspicious, please follow these steps:

Check transaction details : Use the services above to understand why your wallet received a negative rating.

Create a new wallet : Create a new wallet without a negative history and transfer funds to it in small amounts.

Contact the exchange or exchanger : Explain the situation to the exchange or exchanger's support team, providing proof of the origin of the funds. This sometimes resolves the issue.

Important: Never use illegal methods of cleaning funds, otherwise the problem may get worse.

AML verification has become a mandatory part of the cryptocurrency market, so when receiving or exchanging cryptocurrencies, carefully monitor who transfers funds to your wallet.

It's advisable to have a separate wallet for suspicious transactions; this will reduce your losses in the event of being included on AML block lists.