Money Laundering is the act of morphing/concealing the source of illegitimate funds to make them look lawful.
Anti-Money Laundering involves measures to prevent the usage of financial institutions of a country for money laundering, fraud and terrorism funding. These measures are developed by national and international community to prevent anti-money laundering.
In accordance with the laws, Bitcoinside collects personal details and documents, transactions and withdrawals of every client. We're committed to ensure that our services aren't used for money laundering or terrorist funding, and due to this, we collect personal documents from every client to ensure a clean and safe service to our users.
Bitcoinside reserves the right to decline any transaction coming from an unusual source, and report it to proper authorities.
P.S.: KYC/AML verification is required only for bank-withdrawals.