Monero
$124.36 1.53%
XMR · 2w

How do the algorithms of non-KYC coin exchanges determine if a transaction is AML or suspicious?

Some exchanges let you exchange BTC to XMR with no KYC. So for one, small transactions I can see wouldn't be that highly flagged. But beyond that, what else can they even do from their end to be compliant? I thought the laws around this today make it absolutely necessary to get a name or contact at a minimum. So at that point, what's stopping someone from doing AML with several different transactions of small amounts from different IP addresses, etc. Are these companies essentially skirting the law in a grey area? Or is the law not fully defined and regulated enough in the crypto space for this? It seems as if Europe on the other hand makes it 100% necessary for KYC. Is my understanding correct?
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