AdvancedCrypto1 min
AML (Anti-Money Laundering) is the set of rules and procedures aimed against laundering of proceeds of crime and terrorist financing.
In plain words
In Ukraine the basic law is No. 361-IX: banks, payment services and virtual asset service providers are subjects of primary financial monitoring. They assess customer risk, check customers (KYC), watch transactions and report suspicious ones. Crypto services also use blockchain AML analytics: they check whether funds are linked to known fraud addresses or sanctions lists and may freeze funds until the circumstances are clarified.
Sources
- Law of Ukraine “On Prevention and Counteraction to Legalisation (Laundering) of Proceeds from Crime, Terrorist Financing and Financing of Proliferation of Weapons of Mass Destruction” No. 361-IX of 6 December 2019 — Art. 1 (item 66), Arts. 6, 11 (version of 26 June 2026). Checked 14.10.2026.
Example. You receive USDT from an address that an analytics system has flagged as linked to fraud: the exchange may temporarily freeze the deposit and ask for explanations.