Crypto AML is a set of procedures designed to deter criminals from converting illegally obtained cryptocurrencies into fiat currency so that they leave no trace and remain elusive. How Does Crypto AML Work? AML is a set of laws that must be followed worldwide. The Financial Action Task Force (FATF) is the organization that proposes these laws and began publishing cryptocurrency guidelines way back in 2014. RAFA is a modern investment research platform for US markets and cryptocurrencies. RAFA apps empower investors by providing instant access to market insights generated by advanced quantitative and AI models . As many jurisdictions have now enacted these recommendations, it is up to businesses to ensure they comply at all times - especially Virtual Asset Service Providers (VASPs). This includes crypto exchanges, NFT marketplaces, and stablecoin issuers. The purpose of AML is to check for suspicious activity. When red flags appear, it is the responsibility of the VASPs to pa...