What Smart AML Systems checks
We look at where funds originated and how they moved before reaching us, and screen for exposure to sanctioned or high-risk sources.
[ SECURITY - AML & KYC ]
KYC in Crypto Payments: AML Screening & Compliance
Every transaction is screened by Smart AML Systems. What KYC means in crypto payments, what PayKilla actually requires, and what happens when a flag fires.
0.000%
Key Takeaways
SECURITY - AML & KYC
KYC verifies individuals, KYB verifies businesses, AML involves ongoing screening process both feed into.
PayKilla requires KYB from the merchant - not KYC from your customers.
Every transaction is screened by Smart AML Systems before funds are credited.
A fully “no-KYC” gateway with fiat settlement doesn’t exist in a regulated environment- see why below.
What Is KYC in Crypto Payments?
KYC confirms who an individual is; KYB confirms who a business is; AML covers the broader compliance processes, including ongoing transaction monitoring. PayKilla applies KYB to merchants, not KYC to their customers.
KYC - KYB - AML
| Term | What it checks | Who it applies to | |
|---|---|---|---|
| KYC | Personal identity (ID, address) | Individual end users | On request |
| KYB | Business registration, beneficial ownership, business model | Merchants / legal entities | At onboarding |
| AML | Source of funds, transaction patterns, sanctions screening | All parties - ongoing | Every transaction |
In certain cases - for example, a transaction flagged as high-risk - PayKilla reserves the right
to request KYC, KYB or KYT checks beyond the standard process.
What PayKilla Requires From Merchants
During onboarding, we verify your business and request your company’s incorporation documents before you start accepting payments.
- Incorporation documents
- Business registration
- Beneficial ownership
- Business model
KYB Dossier - Onboarding
client: MERCHANT-0412
Verified
- Entity
- Acme Payments Ltd
- Registration
- Verified
- Beneficial owners
- 2 of 2 verified
- Business model
- Reviewed
- Incorporation docs
- Received
- Payments
- Ready to accept
How AML Screening Works at PayKilla
Every payment is screened by Smart AML Systems before funds are credited, not after.
SMART AML SYSTEMS
Get StartedPayment flow
Screened before credit
Payment
Smart AML Systems
Cleared
Credited to balance
Flagged
Merchant notified
with a reason code
Funds held
May take additional
time to process
Manual review
Compliance team →
internal AML policy
What happens when flagged
The merchant is notified with a reason code, and the funds are held.
The transaction may take additional time to process; following manual review by our compliance team, it will be handled according to our internal AML policy.