We’re dedicated to sustaining the very 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 critically, which is why stopping dangerous actors from utilizing our platform is a key a part of our efforts.
Our strategy: A multi-layered protection
We take a proactive and rigorous strategy to detecting and stopping fraud, cash laundering and different illicit exercise. Our techniques are constructed to determine threats early and reply shortly.
Our danger detection and enforcement instruments embrace:
- Blockchain analytics to hint the circulation of property throughout networks
- Behavioral monitoring to determine uncommon or high-risk account exercise
- Sample recognition techniques 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 enable the usage of its platform for any exercise involving fraud, theft, scams, or different prison conduct. Our Phrases of Service prohibit depositing or withdrawing fiat or crypto that’s suspected to originate from or help prison conduct. Misusing our platform won’t 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 probably illicit funds
- Reporting incidents to legislation enforcement, regulators and monetary intelligence items
- Banning people from our platform completely
We additionally collaborate intently with world legislation enforcement and regulatory our bodies to disrupt illicit monetary flows and return stolen property when attainable.
Partnering for a safer ecosystem
Fraud prevention is a shared duty. That’s why Kraken maintains shut collaboration with regulatory our bodies, legislation enforcement companies and blockchain intelligence corporations. Collectively, we work to strengthen trade requirements and disrupt criminality throughout the crypto area.
We additionally consider in empowering our purchasers to remain protected. Our Crypto Security Information presents suggestions and sources to assist customers acknowledge threats and defend their property.
We encourage all purchasers to:
- Keep vigilant and report any suspicious exercise by means of our Assist Middle instantly
- Keep knowledgeable about greatest practices for account and asset safety by means of our Crypto Security Information
- Keep away from enabling or interacting with probably fraudulent conduct
- Use Kraken just for official, lawful functions
By working collectively, you assist defend not solely your self however the broader neighborhood.
Collectively, we construct a greater crypto world
We firmly consider that belief is important for crypto to thrive. Making a safe and reliable digital asset ecosystem is barely attainable by means of collective duty. Our compliance and safety groups work across the clock to guard our platform and its customers – however making a safe atmosphere takes all of us.
