Exchange glossary

AML

AML stands for anti-money-laundering rules. In crypto exchange it means checking where the funds came from: the sender's address is matched against databases and scored for links to theft, sanctions or darknet marketplaces. It is the money that is checked, not the person — that is what separates AML from KYC.

A blockchain is open, and a coin's path is visible end to end. The check is built on exactly that: dedicated services label addresses and calculate what share of the funds arrived from questionable sources.

What it looks like for the customer

Usually like nothing at all: the check runs in the background and takes seconds. It becomes visible in two cases — when an exchange is paused pending clarification, and when the service asks you to explain where the funds came from.

Where risk comes from for an honest person

A coin may have passed through a questionable address before reaching you, and part of that trail stays with it. Funds received from platforms without verification, or from anonymous mixers, therefore raise questions more often — even when the recipient has nothing to do with any of it.

How to lower the risk in advance

Receive funds from known sources: exchanges that run verification, an employer, a service you already use. Avoid platforms promising an exchange that leaves no trace — those are exactly the ones funds with a history pass through.

You can check an address yourself before sending: open risk-scoring services exist, and they show the same picture the exchange will see.

What to do if an exchange is paused

Do not disappear. A check needs an explanation, not silence: an exchange statement, a screenshot of your transaction history or a contract will do. A refusal to answer reads only one way to the service, and its rules on that are strict.

Read more: The exact signals that make a bank stop a transfer

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