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

Today I want to tell you in simple words about what the AML strip of cryptocurrencies is, why it is important and how to avoid unpleasant consequences if your wallet has not passed such a check.

Aml (Anti-Money Laundering) is translated from English as “struggle to launder money”, in our case, the struggle to launder money received in the form of cryptocurrency.

In fact, this is a check of cryptocurrency wallets and communication transactions with illegal activities, for example: fraud, hacker hacks or trade in prohibited goods.

The most unpleasant thing is that in order for your wallet to the AML black list you do not have to trade in drugs or perform other non -legal operations.

It is enough to replenish the wallet or the exchange of cryptocurrencies through an unreliable service and now you have already got into the Aml list.

Therefore, when exchanging, it is advisable to use verified services, for example, Bestchange.ru

Every time you send or receive cryptocurrency, your transaction can automatically pass Aml analysis. If the wallet has a dubious story, the transaction can be frozen, and the means to be blocked.

Where to check your wallet on Aml for free?

There are several convenient services that do not require registration and allow you to quickly check the crypto-wallet on Aml risks.

Purse checking services on aml

• Amlbot ( amlbot.com ) : a convenient service that will show the level of risk in your wallet in a matter of seconds.
• Blockchair ( Blockchair.com ) : Allows you to check the address of the wallet in touch with suspicious transactions.
• Bitcoin Abuse Database ( Bitcoinabuse.com ) : It will help to check the bitcoin address for involvement in fraud.

Using these services, you can make sure that your wallet is safe and will not cause suspicion when translating or checking the counterparty wallet.

What threatens a negative aml verification?

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

• The exchange can freeze your account or block funds.
• There will be difficulties with the withdrawal of money or the exchange of cryptocurrencies for fiat money.
• Your address may fall into black lists, and future transactions will be at risk.

Sometimes the wallet becomes "problematic" not through your fault - for example, if you accidentally sent money from a fraudulent wallet. In such a situation, the main thing is not to panic and act competently.

Very often, exchange services will simply offer you to transfer funds back, however, taking into account the additional commission for the transfer.

What to do if the wallet has not passed the AML check?

If your wallet is marked as suspicious, take the following steps:

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

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

Contact the exchange or exchanger : explain the situation to the support of the exchange or the exchange point, providing confirmation of the origin of the funds. This sometimes solves the problem.

Important: never use illegal methods of cleaning funds so as not to aggravate the problem.

The Aml Crossing has become an obligatory part of the cryptocurrency market, so when receiving or changing cryptocurrencies carefully watch who transfer the money to your wallet.

For dubious operations, it is advisable to have a separate wallet, this will reduce your loss in case of Aml lock lists.