KYC and AML basics: terms the Compliance Assistant explains

The Crypto Compliance Assistant explains compliance concepts in plain language. Here is a quick primer on terms it helps with. You can use it at https://app.chaingpt.org/crypto-compliance-assistant.

KYC (Know Your Customer)

KYC means verifying a user's identity before they use a regulated service.

AML (Anti-Money-Laundering)

AML covers the controls that detect and prevent illicit funds from moving through a service. This includes sanctions screening and monitoring for suspicious activity.

On-chain risk

On-chain risk refers to wallet- and contract-level signals, such as links to sanctioned addresses or known scams, that you can check before interacting. The assistant gives informational guidance on these signals.

What the assistant helps with

• Compliance Q&A covering KYC/AML obligations and sanctions screening.
• Regulatory concepts explained clearly.
• On-chain risk informational guidance.

Note: this is informational guidance only and is not legal advice.