Post
Topic
Board Securities
Looking for a payment processor that does AML/KYC
by
Lee-2017
on 20/02/2018, 15:21:30 UTC
I am looking to start a project and I need to receive the payments in fiat in order to pay others definite amounts not subject to market fluctuations. So I want to use the services of a payment processor where people can pay whith any method they want, and the payment processor will give me the money in fiat.

I do not want to focus the limited resources that we have on AML/KYC and storing people's personal information possibly for no reason at all. One of the reasons is that possibly 99.99% of the exisiting methods of identify verification being used by ICOs et al. can be tricked very very easily in so many ways.

Then I read this PDF and it seem on page 7 they mention that some payment processors actually do provide the AML/KYC service. Link to PDF: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/

Can anyone please confirm that this is indeed the case?

And can we really "offset" the responsibility of AML/KYC to someone else while at the same time continue to provide the person-that-we-don't-know with goods and service?