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 severely, 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 programs are constructed to establish threats early and reply shortly.
Our threat detection and enforcement instruments embrace:
- Blockchain analytics to hint the circulate of belongings throughout networks
- Behavioral monitoring to establish uncommon or high-risk account exercise
- Sample recognition programs to flag identified indicators of fraud or scams
- Compliance controls aligned with FATF, FinCEN, FCA, and different international regulatory frameworks
No place for illicit belongings
Kraken doesn’t permit the usage of its platform for any exercise involving fraud, theft, scams, or different felony conduct. Our Phrases of Service prohibit depositing or withdrawing fiat or crypto that’s suspected to originate from or assist felony conduct. Misusing our platform is not going to 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 items
- Banning people from our platform completely
We additionally collaborate intently with international legislation enforcement and regulatory our bodies to disrupt illicit monetary flows and return stolen belongings when potential.
Partnering for a safer ecosystem
Fraud prevention is a shared accountability. That’s why Kraken maintains shut collaboration with regulatory our bodies, legislation enforcement companies and blockchain intelligence companies. Collectively, we work to strengthen trade requirements and disrupt criminality throughout the crypto area.
We additionally imagine in empowering our shoppers to remain protected. Our Crypto Security Information gives suggestions and assets to assist customers acknowledge threats and defend their belongings.
We encourage all shoppers to:
- Keep vigilant and report any suspicious exercise by our Help Heart instantly
- Keep knowledgeable about finest practices for account and asset safety by 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 defend not solely your self however the broader group.
Collectively, we construct a greater crypto world
We firmly imagine that belief is important for crypto to thrive. Making a safe and reliable digital asset ecosystem is simply potential by collective accountability. Our compliance and safety groups work across the clock to guard our platform and its customers – however making a safe surroundings takes all of us.
