The importance of KYC/AML solutions such as KYCbench

[KYCbench]

For blockchain related projects, KYCbench is built to fulfill the requirements of the GDPR and to comply to ISO27001 in handling and storing personal data for ICO whitelisting. For non blockchain related companies where other regulatory requirements apply, KYCbench works with each client to establish a tailored and customized solution which would allow their own KYC processing requirements to be applied with a state of the art KYC processing platform.

Legislators all over the world are beginning to look into ways to regulate the cryptocurrency world and ICOs. Regulators have yet to create a uniformed approach to regulating the cryptocurrency space. This brings much uncertainty to the industry.

Unfortunately with the current lack of regulatory certainty this means that many people who want to invest in an ICO for its utility (to disrupt/improve current industries) feel as though they are at risk of appearing as money launderers, criminals etc. As national legislators look to create balance between protecting investors from scams and not limiting them from investing, ICOs should also take the initiative to insure they are not putting their investors at risk. While national legislation has been often absent and unclear, (KYC) which is KNOW YOUR CUSTOMER is a big concept widely known in global finance.

Read more at: https://www.kycbench.com/the-importance ... -kycbench/

KYCbench, your reliable KYC partner
www.kycbench.com
GDPR & ISO/IEC 27001:2013 compliant

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