KYC / AML.

Definition

KYC (Know Your Customer) is the process of verifying a person's identity — government ID, biometric liveness checks, proof of address — before providing a financial service. AML (Anti-Money-Laundering) is the broader set of controls preventing criminal proceeds from being disguised as legitimate funds, of which KYC is the foundational first step. Together, they're the baseline compliance layer underneath every bank, and increasingly every regulated crypto business, worldwide.

What this adds up to for a CBI/RBI application

• Identity & liveness verification — confirming the applicant is who they claim to be, not a stolen or synthetic identity
• Sanctions & PEP screening — checking the applicant (and often close family and business associates) against global sanctions lists and politically-exposed-person databases
• Source-of-funds verification — confirming the money itself is clean, not just the person
• Travel Rule data capture — the crypto-specific extension of AML to on-chain transfers

Why crypto-funded applications face a harder version of this

A bank account arrives with KYC/AML already performed by the bank that opened it, years of transaction history behind it. A crypto wallet often doesn't — self-custodied assets, decentralized exchange trades, and cross-chain transfers can all sit outside any single regulated institution's KYC records. Every program in our directory applies its standard KYC/AML process to crypto-funded applicants; the difference is whether the crypto-specific documentation (Travel Rule data, on-chain history) exists to support it, which today depends entirely on the licensed agent handling the conversion.

How ImmiCrypt is built around this

Our Compliance vertical runs KYC/AML checks specifically calibrated to digital-asset-funded applications — built to the standard a program's Citizenship or Residency Investment Unit actually requires, generated automatically rather than assembled ad hoc.