When ID and KYC enable money laundering
To get ahead of the game, think the opposite of what you know.
![When ID and KYC enable money laundering](/content/images/size/w960/2021/09/ID-KYC.png)
Identity verification and KYC (Know Your Customer) protocols are key components of anti-money laundering programs. Sometimes, however, identity verification offers a false sense of security, both for reasons that accord with common assumptions, and the opposite, with risks “hiding in plain sight” as criminals use your services even when – and, sometimes, because – you comply with rules.
![](https://www.effectiveaml.org/content/images/2021/09/Haiku-KYC-snippets.png)