Address blacklisting vs. AML The blacklisted addresses anti-money laundering (AML). In practice, it means a list of individuals, companies, or institutions that are considered suspicious or risky for money laundering or terrorist financing. To maintain the integrity and security of the financial system, entities on the so-called blacklist may be subject to intense scrutiny and
Blockchain is a public ledger that records transactions that are performed. This is achieved without any trusted central authority as the maintenance of the blockchain is performed by a network of communicating nodes running the software. Network nodes validate transactions, add them to their copy of the ledger, and then broadcast these ledger additions to
A blockchain address is like a bank account for crypto assets. Bitcoin addresses for example start with either a ‘1’ or a ‘3’ or a ‘bc1’ and is 26-35 alphanumeric characters in length. The address is generated from the private key, which is required to send or receive assets assigned to this address to another