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.