AML (Anti Money Laundering) refers to the security and regulatory practices of understanding and knowing where the funds of your customers come from.

Sellix partners with Elliptic to provide merchants with the ability to configure AML checks for their incoming transaction and invoke actions when necessary.

It's pretty simple, just two toggles!

You can head to the Wallet AML settings and turn on the Analyse incoming transactions (suggested) and Wallets (optional).

On the supported crypto invoice pages, you will see scoring appear for both incoming transaction (always) and the sending addresses (when applicable).

Clicking on these scores will make an in-depth AML analysis modal appear.

You will also be able to accept or deny invoices whose transactions have been detected as potentially dangerous.

Transaction details will include the contributors of the inputs of the transaction, where the money came from and provide you with a risk score.

The wallet details section will provide you with similar data about the transaction details, with additional fields such as Cluster Entities and more in-depth evaluation info.

You should accept and allow any transaction with a risk score lower than 9. Anything equal or greater than 9 should be flagged, reviewed, and processed only after proper due diligence on the customer.

Currently, the AML system works for all Sellix accepted cryptos with the exception of Monero.

The Wallet analysis system might not work with all incoming transactions where we're not able to 100% detect who sent it (such as in the case of Bitcoin UTXOs).

If you'd like to customize the way that your invoices work and are approved when transactions with an high risk score are detected, please reach out to sales@sellix.io (we'll get back to you within 30 minutes).

Do not hesitate to reach out to support@sellix.io should you need further help.