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AMLBot Ensures the Legitimacy of Funds Transacted on LetsExchange

Jun 5, 2023 2 min read

AMLBot, a company certified by the European Institute of Management and Finance, has been cooperating with LetsExchange to ensure the legitimacy of crypto funds transacted on this instant exchange platform.

AMLBot verifies that the wallet addresses transacting crypto on LetsExchange are not linked to suspicious or illegal activity. The check result is a percentage representing the probability that a particular address is associated with unlawful activity. This way, the LetsExchange staff can make better decisions to protect customers from scammers and stolen coins.

“We are committed to offering premium crypto exchange services to our clients. So, we spare no effort to ensure the security of traders, investors, and other users swapping coins on our platform. AMLBot provides us with reliable and timely information about crypto funds that might have illicit origins and wallet addresses linked to illegal activity so that we can take the necessary measures to guarantee that no malicious actors trade cryptocurrencies on our platform,” Alex J., Chief Product Officer at LetsExchange, commented.

AMLBot is a company providing a full range of digital asset tracking for individuals and businesses, helps detect “dirty crypto”, aids companies in achieving AML & FATF compliance, and conducts blockchain investigations. It was founded in 2019 by a team of certified AML specialists following FATF international recommendations. Currently, the company has offices around the world, particularly in Kyiv, London, Gothenburg, and Hong Kong. AMLBot uses a proprietary algorithm that analyzes over 10 thousand open sources and 2.5 thousand+ spam addresses in real time. Also, the company has the most advanced database and shows the most accurate risk score. It supports all major blockchains and the tokens on them, and the team is constantly adding support for additional cryptocurrencies.

LetsExchange is an industry-leading exchange platform, supporting over 3,500 crypto coins and tokens, the highest number of cryptocurrencies across the entire market, for seamless instant crypto-to-crypto swaps at competitive rates (particularly for considerable sums) and no upper limits. The platform also provides various services, including buying & selling cryptocurrencies for over 80 fiat currencies, DEX, Telegram bot for crypto swaps, cross-chain swaps, and profitable affiliate programs.