We’re dedicated to sustaining the best requirements of belief, safety and integrity. We do that to guard our purchasers whereas advancing our mission to speed up the worldwide adoption of crypto. We take our duty significantly, which is why stopping dangerous actors from utilizing our platform is a key a part of our efforts.
Our method: A multi-layered protection
We take a proactive and rigorous method to detecting and stopping fraud, cash laundering and different illicit exercise. Our programs are constructed to establish threats early and reply shortly.
Our danger detection and enforcement instruments embrace:
- Blockchain analytics to hint the move of property throughout networks
- Behavioral monitoring to establish uncommon or high-risk account exercise
- Sample recognition programs to flag identified indicators of fraud or scams
- Compliance controls aligned with FATF, FinCEN, FCA, and different world regulatory frameworks
No place for illicit property
Kraken doesn’t permit the usage of its platform for any exercise involving fraud, theft, scams, or different prison habits. Our Phrases of Service prohibit depositing or withdrawing fiat or crypto that’s suspected to originate from or help prison habits. Misusing our platform is not going to be tolerated.
What occurs when suspicious exercise is detected?
When suspicious exercise is recognized, Kraken acts instantly. Enforcement actions could embrace:
- Freezing or closing accounts
- Proscribing entry to doubtlessly illicit funds
- Reporting incidents to regulation enforcement, regulators and monetary intelligence items
- Banning people from our platform completely
We additionally collaborate intently with world regulation enforcement and regulatory our bodies to disrupt illicit monetary flows and return stolen property when doable.
Partnering for a safer ecosystem
Fraud prevention is a shared duty. That’s why Kraken maintains shut collaboration with regulatory our bodies, regulation enforcement companies and blockchain intelligence corporations. Collectively, we work to strengthen trade requirements and disrupt criminality throughout the crypto house.
We additionally imagine in empowering our purchasers to remain secure. Our Crypto Security Information affords ideas and assets to assist customers acknowledge threats and shield their property.
We encourage all purchasers to:
- Keep vigilant and report any suspicious exercise via our Assist Heart instantly
- Keep knowledgeable about finest practices for account and asset safety via our Crypto Security Information
- Keep away from enabling or interacting with doubtlessly fraudulent habits
- Use Kraken just for legit, lawful functions
By working collectively, you assist shield not solely your self however the broader neighborhood.
Collectively, we construct a greater crypto world
We firmly imagine that belief is crucial for crypto to thrive. Making a safe and reliable digital asset ecosystem is simply doable via collective duty. Our compliance and safety groups work across the clock to guard our platform and its customers – however making a safe setting takes all of us.
