New Onboarding Practices Required of Young Fintech and Crypto Startups
Know-your-customer (KYC) and anti-money-laundering (AML) practices required of young fintech and crypto startups when onboarding customers. IN 1970, the U.S. passed the Bank Secrecy Act. From then on, anyone dealing in finance was under ever-stricter orders to monitor the activity of their customers, pass details of suspicious activity to the