📣 AML and KYC at First Way Money: What you need to know

Cryptocurrencies were created for freedom and convenience, but at the same time they must remain a safe tool. That’s why all serious financial services, including 1WM – First Way Money, operate under international standards of AML (Anti-Money Laundering) and KYC (Know Your Customer). These policies help prevent money laundering and the financing of illegal activities, while also protecting honest users. KYC is the process where the service asks you to confirm your identity using documents (for example, a passport or driver’s license). This way, the system ensures that it is working with a real person, not a fraudster or a fake identity. AML is a set of procedures and checks that monitor the origin of funds and transactions. The goal is simple: to make sure the money is not connected to illegal activities. This makes all operations transparent and protects both the service and its clients.

Why a transaction may be subject to review

In some cases, the system automatically sends a transaction for additional verification. This may happen if:

• the funds came from a high-risk exchange or wallet;
• the transactions appear suspicious due to their nature or frequency;
• the user’s data requires confirmation.

In most cases, this is just a routine preventive check and does not mean there is anything wrong with your transaction. Some may think AML and KYC are just bureaucracy. In fact, their main purpose is protection. Without these procedures, the crypto sphere would remain vulnerable to fraudulent schemes, terrorist financing, and money laundering. For honest users, this is a guarantee that they operate in a reliable ecosystem where rules are the same for everyone. What to do if your transaction is delayed? The most important thing is not to worry. If your transaction is flagged for AML/KYC review, it is a standard part of the service’s work. All you need to do is provide the requested documents or information. This could be a photo of an ID, proof of source of funds, or clarification of transaction details. The faster you cooperate, the quicker the transaction will be unlocked. AML and KYC are not an “inconvenience” but part of our shared security. All checks are carried out to protect you and your transaction. Ultimately, the more users approach this with understanding, the more reliable the entire financial system becomes. Conclusion: if one day your transaction is subject to review, remember – it is not a problem but rather a guarantee of transparency and trust. Compliance with AML/KYC standards ensures that 1WM remains an honest and safe platform for every user.