Section

Compliance & risk

Verification, screening and the checks a payment provider runs before and after onboarding.

12 articles

What Is KYC in Crypto? KYC stands for know your customer. It is the procedure a regulated financial company runs to establish who a person actually is before letting… Intermediate
What Is KYB? KYB stands for know your business. It is the verification a payment provider runs on a company before opening an account for it: who… Intermediate
What Is a Chargeback? A chargeback is a forced reversal of a card payment, initiated by the cardholder through their bank rather than through the merchant. The money… Intermediate
What Is a Rolling Reserve? A rolling reserve is a share of every payout that an acquirer withholds and releases later, usually after six months. It exists to cover… Intermediate
What Is AML in Crypto? AML stands for anti-money laundering. It is the whole body of law, regulation and internal procedure aimed at stopping criminal proceeds from being turned… Intermediate
What Is KYT? KYT stands for know your transaction. Where KYC asks who a person is, KYT asks where the money has been. It scores an incoming… Intermediate
What Is a High-Risk Merchant? A high-risk merchant is a business that a payment provider classifies as more likely to generate losses. The label has nothing to do with… Intermediate
What Is the Travel Rule? The Travel Rule requires identifying information about the sender and recipient to accompany a transfer above a certain size. It originated in banking, where… Intermediate
What Is MiCA? MiCA stands for Markets in Crypto-Assets, the European Union regulation that created a single legal framework for crypto across all member states. It replaced… Intermediate
What Is Sanctions Screening? Sanctions screening checks a transaction or an address against government lists of prohibited parties. It is separate from risk scoring, it produces a binary… Intermediate
Can Crypto Be Traced? Yes, and more thoroughly than cash. A public blockchain records every transfer permanently and shows it to anyone who looks. The correct word for… Intermediate
How to Check a Wallet for Risk Checking a wallet means tracing where its funds have been and assessing what that history implies. The phrase people use is checking whether an… Intermediate

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