Keep your platform safe: How to protect against fraud and criminal activity

We are committed to maintaining the highest standards of trust, security and integrity. This is our mission to accelerate the global adoption of crypto while protecting our clients. We take responsibility seriously. That’s why ensuring that bad actors don’t use our platform is an important part of our efforts.

Our Approach: Multi-layered Defense

We take a proactive and rigorous approach to detect and prevent fraud, money laundering and other illegal activities. Our systems are built to identify threats early and respond quickly.

Our risk detection and enforcement tools include:

• Blockchain analysis to track assets flow across the network
  
• Behavioral monitoring to identify abnormal or high-risk account activity
  
• A pattern recognition system for flagging known indicators of fraud or fraud
  
• Compliance control tailored to FATF, FINCEN, FCA and other global regulatory frameworks

There is no location for illegal assets

Kraken does not allow us to use the Platform for activities that include fraud, theft, fraud, or other criminal activity. Our Terms of Use prohibit any deposits or withdrawals of Fiat or Crypto that you suspect arise or endorse from a criminal activity. Misuse of the platform is not tolerated.

What happens when suspicious activity is detected?

Once suspicious activity is identified, Kraken acts immediately. Enforcement actions include:

• Freezing or closing accounts
• Limit access to potentially illegal funds
• Reporting incidents to law enforcement, regulatory authorities and financial information units
• Permanently ban individuals from our platform

They also work closely with global law enforcement and regulatory agencies to destroy illegal financial flows and return stolen assets where possible.

Partnerships for a safer ecosystem

Preventing fraud is a common responsibility. As a result, Kraken maintains close cooperation with regulatory bodies, law enforcement agencies and blockchain intelligence companies. Together, we are working to strengthen industry standards and disrupt illegal activities across the crypto space.

We also believe in empowering our clients to stay safe. Crypto Safety Guide offers tips and resources to help users recognize threats and protect their assets.

I recommend to all clients:

• Be vigilant and report suspicious activity immediately through our support center
• Let us know about best practices for account and asset security through our Crypto Safety Guide
• Do not enable or interact with potentially fraudulent behaviors
• Use Kraken only for legal and legal purposes

By working together, we help protect not only ourselves but the wider community.

Together, we will build a better world of cryptography

We firmly believe that trust is essential for the cryptography to flourish. Creating a secure and reliable digital asset ecosystem is only possible through collective responsibility. Our compliance and security team works round the clock to protect the platform and its users, but we all need them to create a secure environment.