- Nov 21, 2023
- 24
- 0
AML Cases: How Exchanges Launder Your Money and How CoinCross Fights It 
On the forum, we encountered a case of a user exchange on Exline. The crypto funds allegedly did not pass the AML verification
This happened because the exchange set its own verification rules — to accept addresses labeled no higher than 30%.
The exchange chose to operate according to its internal rules strategy, not to refund clients in high-risk cases. But what surprised us the most was not this
To still return the funds, the client was required to provide a list of answers to questions and documents:
✔ Passport.
✔ Selfie with the document and a sheet with the application number and signature.
✔ Answer to where the funds came from and screenshots of correspondence with the sender (
).
Such an approach surprised not only us, but also our colleagues from 24bitbank.
That's why CoinCross has rules that do not compromise your anonymity:
In case your funds are flagged as high risk, we will not require a passport for refund. We will maintain your anonymity regardless.
Any questions related to AML verification can be addressed through our support @CoinCrossBot. Exchange crypto safely and anonymously, as it should be.
On the forum, we encountered a case of a user exchange on Exline. The crypto funds allegedly did not pass the AML verification
This happened because the exchange set its own verification rules — to accept addresses labeled no higher than 30%.The exchange chose to operate according to its internal rules strategy, not to refund clients in high-risk cases. But what surprised us the most was not this
To still return the funds, the client was required to provide a list of answers to questions and documents:
✔ Passport.
✔ Selfie with the document and a sheet with the application number and signature.
✔ Answer to where the funds came from and screenshots of correspondence with the sender (
).Such an approach surprised not only us, but also our colleagues from 24bitbank.
That's why CoinCross has rules that do not compromise your anonymity:
In case your funds are flagged as high risk, we will not require a passport for refund. We will maintain your anonymity regardless.Any questions related to AML verification can be addressed through our support @CoinCrossBot. Exchange crypto safely and anonymously, as it should be.
