We’re dedicated to sustaining the 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 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 techniques are constructed to establish threats early and reply shortly.
Our threat detection and enforcement instruments embrace:
- Blockchain analytics to hint the circulation of belongings throughout networks
- Behavioral monitoring to establish 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 world regulatory frameworks
No place for illicit belongings
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 assist legal 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 might embrace:
- Freezing or closing accounts
- Proscribing 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 world legislation enforcement and regulatory our bodies to disrupt illicit monetary flows and return stolen belongings 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 corporations. Collectively, we work to strengthen trade requirements and disrupt criminality throughout the crypto house.
We additionally imagine in empowering our purchasers to remain secure. Our Crypto Security Information gives suggestions and assets to assist customers acknowledge threats and shield their belongings.
We encourage all purchasers to:
- Keep vigilant and report any suspicious exercise by way of our Help Heart instantly
- Keep knowledgeable about finest practices for account and asset safety by way of our Crypto Security Information
- Keep away from enabling or interacting with doubtlessly fraudulent conduct
- Use Kraken just for professional, 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 important for crypto to thrive. Making a safe and reliable digital asset ecosystem is barely attainable by way of 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.