Know Your Customer (KYC) & Anti-Money Laundering (AML) Policies
Money laundering is the process whereby the proceeds of crime are disguised, obfuscated, or concealed so that they appear to be legitimate in nature.
XBTeller is committed to providing a safe and compliant service for our customers to buy and sell virtual currencies.
In order to prevent and detect the use of our service by criminals attempting to launder money or finance crime, and comply with applicable federal and state laws, XBTeller has implemented a robust AML program. This includes collecting certain identifying information from all customers, sanction screening, monitoring for unusual or suspicious activity, and obligatory record keeping and reporting.
XBTeller is registered with the Financial Crimes Enforcement Network (FINCEN) as a Money Services Business (MSB).