Web3 Project Teams Must Read: Outsourced KYC, Can You Shift Blame to a Third Party if Something Goes Wrong?Writing by: Deng Xiaoyu, Li Haojun
Introduction
In the Web3 community, there is a highly dangerous compliance illusion: as long as the project team spends money to outsource KYC (Know Your Customer) and AML (Anti-Money Laundering) services to internationally renowned third-party agencies, it is equivalent to buying a "criminal liability exemption insurance." Once the platform is involved in money laundering or black market funds, this "pot" should be borne by the outsourcing company, and the project team can sit back and relax.
This idea, in the eyes of lawyers, is "naive"; in the eyes of investigative agencies, it is "a cover-up," and in reality, it is a time bomb that could explode at any moment.
In the past two years, as judicial authorities have continuously upgraded their crackdown on crimes related to virtual currencies—especially with penetrating investigations into "assisting crime," "concealment," and even "illegal business operations"—this "ostrich-style" compliance logic has been gradually shattered by an airtight chain of evidence.
TechubNews·01-09 06:25