Businesses that accept cryptocurrency payments must be wary of the source of those funds. A payment gateway integrated into an e-commerce site could inadvertently process transactions from wallets associated with fraud or sanctions. This can lead to chargebacks, frozen funds, and legal complications. Implementing AML screening at the point of sale is crucial for risk mitigation. It ensures that the revenue you generate is clean and uncontested. Protecting your business from financial crime is a core responsibility. Utilize a service to check crypto wallet aml status for every incoming payment.
AML Considerations for Crypto Payment Gateways