Understanding KYC (Know Your Customer) / AML (Anti-Money Laundering) Rules
The cryptocurrency market is subject to certain rules and regulations, which require most cryptocurrency services to implement AML (Anti-Money Laundering) / KYC (Know Your Customer) procedures.
ConvertL is committed to protecting our customers from any type of fraud and fraudulent activities in the crypto world, and complying with all current rules and regulations. KYC (Know Your Customer) / AML (Anti-Money Laundering) procedures are one of the ways that enable us to do so.
This process ensures that the transactions you are conducting are completely legitimate. Therefore, it confirms that you are a law-abiding citizen and the government has no reason to raise any claims against you.