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Test Your Knowledge

Earn 100 Diamonds for every perfect score!

What are Know Your Customer (KYC) and Anti-Money Laundering (AML) in the cryptocurrency industry?

Question 1:


What is the primary purpose of Anti-Money Laundering (AML) procedures?

A. To ensure customers are verified before accessing services


B. To detect and prevent illegal financial activities, such as money laundering and fraud


C. To monitor cryptocurrency prices and market trends

Question 2:


What is the primary focus of the KYC process?

A. To monitor transactions for suspicious activity


B. To track customer spending behavior


C. To verify the identity of customers before they can access services

Question 3:


What is a common method used in KYC for identity verification?

A. Transaction monitoring


B. Facial recognition and document verification


C. Risk assessment

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