​Hong Kong's compliance progress is accelerating, and OKLink uses AML on the chain to help the industry improve compliance development

Recently, Hong Kong launched a virtual asset trading license system, which has aroused great concern in the field of virtual assets, and many media have carried out in-depth reports on this. Industry experts pointed out that anti-money laundering is a crucial part in the process of compliance application.

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Integrating multiple technologies, AML on the OKLink chain provides the optimal solution to the problem of anti-money laundering on the chain

As the earliest blockchain technology company established in China, Okey Cloud Chain has been committed to the research and development and application of blockchain security. With the implementation of new regulatory policies in Hong Kong, it is imperative to develop the next generation of more efficient anti-money laundering tools. To this end, OKLink has recently launched the AML solution service on the OKLink chain based on its technical advantages in the field of blockchain and big data for many years.

It is reported that the AML on the OKLink chain includes services such as KYT (Know Your Transactions), KYA (Know Your Address), data indicators, and security audits, which can provide optimal solutions for the current industry-focused on-chain anti-money laundering and platform compliance issues plan.

Traditional anti-money laundering solutions on the chain, such as KYC, require virtual asset trading platforms to verify the identity of users, such as ID number authentication, mobile phone number authentication, face recognition, etc., to ensure the security and compliance of transactions. Therefore, KYC is the foundation of AML and the first step in uncovering money laundering clues. However, with the development of the virtual asset trading market, some new technical applications (such as currency mixers, anonymous wallets, etc.) skip KYC verification, posing new challenges to AML.

These technological applications make it difficult to trace the true identity of transactions, and money laundering becomes more concealed, thus increasing the difficulty of anti-money laundering. Therefore, anti-money laundering technical means also need to be constantly updated and iterated to adapt to the ever-changing market environment and technical challenges.

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Using technology to empower anti-money laundering methods, AML on the OKLink chain continues to help the compliance market

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For regulatory authorities, the AML solution on the OKLink chain can realize real-time recording and analysis of transaction data. This is very important for the regulatory authorities and can help them strengthen the supervision of the entire virtual asset industry. At the same time, the AML solution on the OKLink chain is reliable and safe in terms of data tracking and monitoring, which can help it detect and deal with potential illegal transactions in a timely manner.

For service providers, the AML solution on the OKLink chain can provide service organizations with more comprehensive compliance solutions, effectively deal with challenges such as illegal money laundering, assist exchanges in coping with regulatory policy and compliance challenges, and improve the security and transparency of digital assets.

Summarize

Summarize

Virtual assets are an innovative testing ground in the field of digital finance, and AML is an important starting point for financial institutions and licensing platforms to enter this field. However, in the field of virtual assets, AML tasks are cumbersome, with high anonymity and huge technical challenges. As the latest technology in the field of digital finance, on-chain anti-money laundering plays a key role in achieving anti-money laundering compliance. Advanced technical tools such as KYA and KYT can effectively identify high-risk transactions and suspicious behaviors in virtual asset transactions, and provide real-time early warning and monitoring services to help financial institutions quickly meet AML compliance requirements. In the future, the development of the virtual asset field will rely more on the application of innovative anti-money laundering compliance technologies such as KYT and KYA.