Over the years, we have turned down a lot of business because Nexo never makes compromises with regard to our very stringent anti-money laundering and know-your-customer policies. But we have always known that this is how you build a sustainable business. Since day 1, we have gone the extra mile to implement cutting-edge solutions to ensure adherence to the highest regulatory standards and simultaneously provide a smooth customer onboarding journey. Despite being fully automated, Nexo has 30+ AML compliance officers who ensure that we retain a real-time picture of our clients, which includes adverse media publications, OFAC sanctions lists, and source & flow of funds, etc. Crypto is actually terrible for illicit purposes - using Chainalysis, for example, we know the history of the asset while it is being deposited and have a good understanding of the address to which it is withdrawn. This is more difficult with fiat and requires other techniques After the beginning of the horrible war in Ukraine, the first order of business was to help fundraise for those affected https://nexo.io/es/blog/nexo-crypto-for-ukraine-impact-humanitarian-aid-sustainable-actions The second was, of course, to comply with the sanctions, and Nexo took one of the most aggressive approaches here. Unfortunately, with the recent regulatory crackdown on crypto, some regulators have recently adopted the kick first, ask questions later approach. In corrupt countries, it is bordering with racketeering, but that too shall pass. We are always cooperating with the relevant authorities and regulators, and we are hopeful that we will have some exciting news in the weeks to come.