Stellar (XLM) and Elliptic
In the area of payments, AML and KYC regulations must be complied with to protect against illegal transactions such as the financing of terrorism, fraud and money laundering. To ensure this, the SDF has partnered with Elliptic to integrate their compliance tools into the Stellar Lumens network to ensure that assets issued on the Stellar network meet regulatory requirements.
As Kelly describes, Stellar has built-in protocol-level capabilities that allow organizations to issue assets to Stellar and perform compliance checks at every point in its lifecycle, from issue to withdrawal. However, while the Stellar protocol provides the functionality to perform the appropriate compliance checks, the burden of properly performing these checks falls on the organizations that rely on Stellar.
Author : Jake Simmons