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Importance Of KYC Compliance For An ICO The incorporation of KYC in the ICO world is because of true incidents because many investors and ICOs have suffered and many crypto scams worth millions of dollars have already occurred. Due to lack of proper regulatory measures and policies, fraudsters from both the investment and the ICO side have taken advantage of this loophole and this has resulted in some serious scams and money laundering using the ICO system. Any investor found undertaking money laundering activities will put all the involved entities to the investigation, including the ICO issuer. This narrows all the way to Anti Money Laundering (AML), which is one of the basic requirements of KYC.