Sign in

KYC & AML
Compliance

Home KYC & AML Compliance

 

What is KYC and AML?


KYC

Know your customer (KYC) refers to due diligence activities that financial institutions and other regulated companies must perform to ascertain relevant personal information from their clients for the purpose of doing business with them.

AML

Anti-money Laundering (AML) refers to a set of procedures, laws and regulations designed to stop the practice of generating income through illegal actions.

Why is compliance important?

 

As the world begins to adopt cryptocurrency, it’s clear that mass adoption is only possible if governments and corporations embrace the use of cryptocurrency. However, in order for this to occur, cryptocurrencies must ensure regulation is adhered to. That is why in 2018, Talento (TLC) became the world’s first cryptocurrency to embrace KYC and AML compliance in compliance with the 5th EU Anti-Money Laundering Directive. This in turn, is enabling us to work with governments and corporations, who are helping us to introduce Talento to a worldwide community. We have become KYC and AML compliant by introducing a verification process that all our users must adhere to, giving the governments and corporations of the world a cryptocurrency they can trust.

How does verification work?

Once registered on FacileCrypto, new users will be asked to complete the additional level of verification in order to obtain full use:

 

Level 1

Level 1 consists of standard registration and allows access to all services with a handling limit equivalent to 250 Euro per day.

Level 2

One that you have provided the required documents you can level up and use our system without limitations.