KYC and AML

KYC stands for know your customer and AML for anti money laundering measures. Together they describe the ways in which platforms identify users and try to recognise unusual flows of funds. For investigation this matters because such parties more often hold data, without that in itself saying anything about a transaction.

What it may indicate

A transaction that runs through a party with KYC and AML can be a lead, because data may be known there. That need not mean anything; most transactions are everyday activity. What a specific movement means only emerges from further investigation.

A followed flow of funds touches a platform that identifies customers. As a result, more may be known at that point about those involved. Whether that is relevant to the investigation only emerges after further steps.

What do KYC and AML mean?

KYC stands for know your customer, AML for anti money laundering measures. Together they cover identifying users and recognising unusual flows of funds.

Why do KYC and AML matter for an investigation?

Because parties applying them more often hold data, a transaction running through them can be a lead. What a movement means still emerges only from further investigation.

What do KYC and AML mean for your own file?

A platform that applies KYC and AML holds identification data and monitors unusual patterns. For your file that matters, because it determines what a service is able to confirm once a formal request reaches it. Paucitas maps out which platforms appear in your case and what each of them is likely to hold.

How does Paucitas use KYC and AML information?

We have no access to customer data at a platform, and we say so plainly. What we can do is establish where a route ends and which service sits at that point. That is set out in an investigation report; with that report a lawyer or an authority can make a targeted request. The first step is a conversation with Paucitas.

Your own situation

If you are reading this, you probably have a question about your own situation. That is exactly what Paucitas does.

The first step is contact by phone. We prefer to schedule that call through WhatsApp, so you do not have to wait. In the call we look together at what can factually be established in your case and what Paucitas can examine for you.

Go to the contact form