AML (Anti-Money Laundering) is the body of US regulations and internal controls that financial institutions must operate to detect, prevent, and report attempt…
Join the waitlistAML in the US is governed by the Bank Secrecy Act (BSA), the USA PATRIOT Act, and FinCEN regulations. Every money services business (MSB) — including fintechs — must register with FinCEN, maintain a written AML program, designate a compliance officer, train staff, and conduct independent audits.
Core AML controls: customer identification (CIP), customer due diligence (CDD) and enhanced due diligence (EDD) for higher-risk accounts, transaction monitoring with rule-based + ML detection, sanctions/PEP screening against OFAC and global watchlists, suspicious-activity reports (SARs) filed within 30 days, and currency transaction reports (CTRs) for cash transactions over K.
Kronos's AML program is layered behind its licensed partners. Our banking partner (FinCEN MSB, state MTLs) is the principal money transmitter and runs the consolidated AML program covering ACH, USD custody, and crypto buy/sell. Kronos contributes signal at the application layer: device fingerprinting, velocity checks, geolocation, and behavioral analysis on transaction patterns. SARs are filed by our money-services partners with Kronos as a data provider.
Yes. Through licensed partner our banking partner.xyz (FinCEN MSB, state MTLs), every Kronos transaction is subject to a regulated AML program with KYC, transaction monitoring, sanctions screening, and SAR filing.
AML rules require enhanced due diligence on certain accounts — particularly large deposits, frequent crypto buys, or cross-border activity. Source-of-funds questions are part of CDD.
Whatever you authorise during the Link flow — typically account balance, account/routing number, and transaction history for the linked accounts.