KYC vs AML: Compliance, Differences, & Best Practices

This guidance distinguishes KYC from broader AML responsibilities and outlines a practical compliance program for financial institutions and crypto platforms, covering pre-onboarding risk assessment, onboarding and identity verification, CDD/EDD, ongoing monitoring, transaction monitoring and screening, technology/automation to reduce false positives, and crypto-specific considerations linking on-chain analytics with off-chain identity and ownership verification; it also mentions CertiK’s compliance services.