How to Keep Your Wallet Free from Tainted Funds
• Always conduct AML checks on both sender and recipient addresses before any transaction and ensure they are not linked to high-risk sources or sanctions lists.
• If it is not possible to verify the counterparty’s address in advance, use a new wallet that is not linked to your main wallet, then perform an AML check after receiving the funds before transferring them internally.
• Only deal with trusted and well-known platforms when buying or selling cryptocurrency.
• Always save the results and dates of AML checks for future reference.
• Keep records of communications and any supporting documents that can prove the legitimacy of the funds.
Quick Tips to Prevent Accidental Exposure to Illicit Crypto
• Do not receive funds from unknown parties without a clear and legitimate reason.
• Avoid passing funds on behalf of others.
• Be cautious of “send and return” requests.
• Do not use your personal wallet as a payment intermediary for third parties.
• If you receive a suspicious transfer by mistake, do not move the funds immediately and contact the platform first.
