AML checks are complete bullshit. And this is a matter in the crypto ecosystem that urgently needs to be regulated.
A few days ago, I checked the Ethereum address, coins withdrawn from one exchange (CEX), and I got "risky funds" as a result. So what should I do next with them?
Of course they are. I will take it up a notch and say that they are a scam method where an exchange can freeze and confiscate the money of User A to seem important and law-abiding, but at the same time they put those same coins in their pool and send them to user B who uses their swap service. User A has to prove the legitimacy of his coins. The same coins that have already circulated and gone to User B. For the record, I am not talking about CCE.Cash here just so that there is no misunderstanding.