We’re dedicated to sustaining the best requirements of belief, safety and integrity. We do that to guard our shoppers whereas advancing our mission to speed up the worldwide adoption of crypto. We take our accountability significantly, which is why stopping unhealthy 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 rapidly.
Our danger detection and enforcement instruments embrace:
- Blockchain analytics to hint the move of property throughout networks
- Behavioral monitoring to determine uncommon or high-risk account exercise
- Sample recognition techniques to flag recognized indicators of fraud or scams
- Compliance controls aligned with FATF, FinCEN, FCA, and different international 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 legal conduct. Our Phrases of Service prohibit depositing or withdrawing fiat or crypto that’s suspected to originate from or help legal 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
- Limiting entry to doubtlessly illicit funds
- Reporting incidents to legislation enforcement, regulators and monetary intelligence models
- Banning people from our platform completely
We additionally collaborate carefully with international 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 accountability. That’s why Kraken maintains shut collaboration with regulatory our bodies, legislation enforcement businesses and blockchain intelligence companies. Collectively, we work to strengthen business requirements and disrupt criminal activity throughout the crypto house.
We additionally imagine in empowering our shoppers to remain protected. Our Crypto Security Information gives ideas and assets to assist customers acknowledge threats and shield their property.
We encourage all shoppers to:
- Keep vigilant and report any suspicious exercise via our Assist Middle 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 conduct
- Use Kraken just for reputable, lawful functions
By working collectively, you assist shield not solely your self however the broader group.
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 just attainable via collective accountability. 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.
