Updated: Nov 25, 2021
In the last few years, there has been more money flowing into crypto exchanges than ever before. And with celebrities like Elon Musk constantly fueling a media circus, the regard in cryptocurrencies has been at record height.
While having crypto entails cheaper, faster transactions from across the globe, that is also an environment that primes crypto for various criminal activities such as money laundering.
To prevent such cases, strong AML programs should include foolproof KYC processes to root out most if not all suspicious activities. So what KYC processes are crypto exchanges putting in place and what can we expect in the coming year?
Maria Stankevich, the Chief Business Development Officer of Exmo and Policy Advisor at CryptoUK along with Ian Taylor, Executive Director of CryptoUK are here to talk about what they’re doing as a crypto exchange.
AML/KYC 2021 Highlights
AML/KYC 2022 Predictions
What is one thing that you hope will happen in 2022?
Because AML is compulsory for crypto exchanges, that also demands effective KYC procedures. And as we’re looking at the emergence of regulations and compliance standards around AML/KYC, will this help catalyse traditional investment in the market?
Meet Maria Stankevich
Maria is the head of Business Development and Communications with more than 10 years of experience in Business Development and Public Relations. She is a skillful negotiator and communicator, decisive on project implementation, with the ability to express opinions without ego. Capable of taking the initiative and working with minimal direction. Maria strongly believes that happiness begins when you leave your comfort zone. She also speaks 6 languages and is a Ph.D. program alumni.
Contact Exmo and Maria
Meet Ian Taylor
Ian is a Finance, Policy, and FinTech professional with capital markets, innovation, and disruptive technologies expertise. Specialties: Market Structure | Trading | Derivatives | Policy & Regulation | Crypto | DeFi | Blockchain | Speaker | Interest Rates / Fixed Income | Governance | Modelling | Investing | Treasury.
He is also a qualified accountant (ACCA).
Contact CryptoUK and Ian