BTCC Touts Enhanced Security with Sumsub Partnership
BTCC, a leading global cryptocurrency exchange founded in 2011, has collaborated with Sumsub to enhance its identity verification and anti-money laundering (AML) controls. This integration enables BTCC to onboard users from over 100 countries, verifying identities in approximately 3 seconds on average.
The automated workflow covers various aspects of compliance, including Know Your Customer (KYC), AML screening, transaction monitoring, Travel Rule compliance, and crypto monitoring. Sumsub's system identifies high-risk activity in real-time while allowing legitimate users to access the platform without friction.
BTCC's commitment to security is reflected in its unblemished record over 15 years, backed by monthly Proof of Reserves reports and a $25.5 million risk reserve fund. The exchange's '0-Barrier Trading' theme emphasizes user confidence, with rigorous identity verification and AML controls at the core of this promise.