[vmception]

Typically standard KYC/AML.

Standard meaning that if it made it into a licensed institution that also does KYC/AML then its good enough for us!

Basically the concept is that its up to the customer to get money magically graced and cleared by their host government, and if there is not currently a problem its not anyone’s problem.

Think about it: what is legal?

China says that people with their currency cant move more than an equivalent of $50k/year out. If someone only earns Yuan on mainland China but has enough liquid money elsewhere to invest in this program, is it your problem to care about China’s currency controls to suggest this money violated that?

Well the same standard applies even if you were imagining terrorist financing and cartels.

There is no adequate system to know or care.