KYC (Know Your Customer) is the process of verifying a user's identity before allowing them to trade, deposit, or withdraw funds. It typically involves document verification (passport, driver's license) and facial liveness checks.
AML (Anti-Money Laundering) refers to the controls, monitoring systems, and reporting obligations that prevent your exchange from being used to launder illicit funds.
Cryptobeex KYC/AML stack: - Integration with Sumsub for automated document verification - Webhook-driven status updates for real-time permission gating - Configurable verification levels (Tier 1: email, Tier 2: ID, Tier 3: enhanced due diligence) - Risk scoring and transaction monitoring - STR (Suspicious Transaction Report) generation tooling
Conversion tip: Gate only high-risk actions (large withdrawals, fiat off-ramps) behind full KYC. Allow basic spot trading at Tier 1 to reduce friction and improve sign-up conversion.