KYC and AML have different purposes
KYC checks customer identity and transaction context. AML identifies and manages money-laundering risks. Both affect information requirements, but one amount cannot describe every business and payment method.
Funshell transaction checks
Funshell explains information requirements according to payment method, circumstances and risk assessment. Identity documents, source-of-funds or source-of-assets information and transaction records may need further checks. Smaller transactions may also require information; a booking is not approval.
Ask official staff for the applicable checklist before visiting. Do not split transactions to avoid checks or treat an example as a KYC exemption. See the AML policy and transaction terms for company procedures.
Distinguish law from company policy
Rules and their scope vary by activity. Company registration, a licence application and regulatory approval are different statuses. Verify specific credentials in the appropriate official register rather than relying on a sign or general introduction.
Hong Kong's Joint Financial Intelligence Unit provides official guidance on identifying suspicious transactions. It explains suspicious-activity identification and handling; it is not a universal OTC KYC amount table. This article does not prescribe a general statutory threshold.
Protect your information
Provide requested information only through official channels after understanding its use and handling. Read the privacy policy. Never provide private keys, recovery phrases, passwords or verification codes.
Stop if a third party asks you to hide the purpose, pay for somebody else or send to an unfamiliar address. Preserve messages and transaction records and read the fraud-prevention guide.
