Compliance
Communication to COAF
Communication to the Financial Activities Control Council (COAF) is an essential procedure in the context of the Prevention of Money Laundering and Terrorist Financing (PLD/FT). Let's look at the main aspects related to communication to COAF: 1. ...
What are the signs of money laundering?
Money laundering is the process by which illegally obtained assets are disguised to appear to have legal origins. This practice involves hiding the source of dirty money, coming from activities such as trafficking, prostitution, corruption and tax ...
What is the role of COAF in the Money Laundering and Terrorism Financing Prevention process (PLD/FT)?
The Financial Activities Control Council (COAF) plays a crucial role in the Money Laundering and Terrorism Financing Prevention process (PLD/FT). Its main functions include: 1. Monitoring and Analysis: COAF monitors suspicious financial transactions ...
Money Laundering and Terrorist Financing Prevention Policy (PLD/FT)
The Money Laundering and Terrorist Financing Prevention Policy (PLD/FT) is a set of guidelines and procedures that aims to mitigate the risks associated with money laundering and terrorist financing. The main PLD/FT guidelines: 1. Respect current ...
How does Kryptobox monitor suspicious transactions?
Kryptobox employs various strategies and technologies to monitor suspicious transactions and identify activities that may be related to money laundering or terrorist financing. Here are some of the main approaches used: 1. Analysis of Anomalous ...
How does the Travel Rule affect cryptocurrency users?
The Travel Rule affects cryptocurrency users in several ways. I will explain some of them: 1. Transparency and Compliance: - The Travel Rule requires financial institutions to collect detailed information about parties involved in cryptocurrency ...
Travel Rule
The Travel Rule is a regulation that concerns the collection and transmission of names and mandatory account details of parties involved in **virtual asset transfers between financial institutions**. It was officially adopted by the International ...
How does the crypto Travel Rule apply to digital asset transfers?
The Travel Rule in the context of cryptocurrency refers to a set of regulatory requirements designed to combat money laundering and terrorist financing by ensuring that certain information is shared between financial institutions during digital asset ...
Travel Rule (The Regulatory Challenge of the "Crypto Travel Rule" and Its Implications on the Crypto World)
The cryptocurrency industry has experienced exponential growth, accompanied by an increasing need for regulation to ensure transparency and prevention of illicit activities. One of the most discussed and challenging regulatory aspects is the "Crypto ...
Account verification processing time
All information and documents you submit for account verification are reviewed through our automatic or manual verification methods. Depending on the method used to verify your details, account verification times may vary. If your application ...
KYT (Know Your Transaction)
KYT is an acronym that stands for "Know Your Transaction." It refers to a practice or process used in financial institutions, particularly in the context of anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. KYT involves ...
KYB (Compliance Requirements for Businesses)
Kryptobox requires certain information to keep up to date with compliance standards. The following points contain answers to compliance FAQs. What documents are accepted for the Shareholders Register/Members Register? Acceptable documents include: • ...
KYC (Know your Customer)
Kryptobox uses identity verification to comply with KYC laws and confirm that a customer is who they say they are, as per our Terms of Use. Before you continue As part of our commitment to being the most trusted cryptocurrency platform, all identity ...
Recent Articles
MiCA vs USDT: European Regulation Poses Challenges for Tether in the European Union
June 6, 2025 — New European Union legislation, known as MiCA (Markets in Crypto-Assets Regulation), is reshaping the regulatory landscape for crypto assets in the region — and one of the world’s most popular stablecoins, USDT (Tether), is in the ...
Cryptocurrencies vs Crypto Tokens vs. Cryptocommodities. What is the difference?
In the world of digital finance, it's easy to get lost in a soup of alphabets and technical terms that seem synonymous but actually have very different meanings. “Crypto token,” “cryptocurrency,” and “cryptocommodity” are three such terms that often ...
What is NEO and how is it used?
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What is Avalanche (AVAX)? Pros, Cons, and Risks
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What charts should cryptocurrency investors use?
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