Expert Urges Robust Compliance Measures in Cryptocurrency Exchange

Renowned Anti-Money Laundering (AML) expert, Vivian Eghaghe, has stressed the importance of effective Know Your Customer (KYC) and AML compliance measures in cryptocurrency exchange.

Speaking recently, with over a decade of experience in the finance and banking industry, Eghaghe warns that the rise of cryptocurrency exchange has increased the risk of money laundering and terrorist financing.

“Cryptocurrency exchange has become a significant player in the financial landscape, but this has also created new risks,” She said.

“It is crucial for cryptocurrency exchanges to implement robust compliance measures to prevent illicit activities and ensure regulatory compliance.”

Eghaghe who is the Chief Executive Officer of I & E Resources LLC disclosed that her expertise has enabled her to deliver comprehensive solutions to clients, including assessments, monitoring systems, and regulatory compliance.

Her book, “Navigating KYC & AML Compliance in Cryptocurrency Exchange: A Professional’s Guide”, provides practical guidance on implementing effective KYC and AML measures.

“KYC and AML compliance is not a one-size-fits-all approach,” She emphasized.

“Cryptocurrency exchanges must implement measures tailored to their specific risks and regulatory requirements.”

Recognized as a leading expert in AML, Eghaghe’s work has provided valuable resources for professionals navigating the complex landscape of AML compliance.

As cryptocurrency exchange continues to evolve, her guidance on KYC and AML compliance will be invaluable in ensuring the security and integrity of operations.

Eghaghe in her conclusion disclosed that she has authored several books on AML, including “Consultant’s Roadmap to AML & KYC Compliance”, “Navigating KYC & AML Compliance in Cryptocurrency Exchange: A Professional’s Guide”, and “The Essential AML & KYC Due Diligence Handbook for Government Officials”.