Description:

The ability to deposit funds without identity verification presents risks related to money laundering, terrorism financing, and circumvention of regulatory safeguards.

Appears in:

• Cross Border Transfer via P2P Merchant
• Crypto Hawala
• P2P Merchant Crypto Trading
• Traditional Hawala

Addressed by:

• MAP CDD (Customer Due Diligence) for Virtual Asset Transactions: Requires due diligence on Virtual Asset wallets, addresses, and transaction hashes.