Dubai-based anti-money laundering (AML) specialist VAF Compliance has launched a Telegram bot that enables crypto firms to comply with AML and Know Your Customer rules. The bot will be able to assess the risks of accepting tainted cryptocurrency funds through a list of sanctioned wallet addresses. The bot is compatible with multiple blockchains and will offer assistance in both English and Chinese. VAF Compliance’s bot can help crypto companies in the European Union and Hong Kong comply with forthcoming legislation. VAF recently assigned a C-rating to crypto exchange Huobi for transactions linked to terrorism and child abuse. Hong Kong’s recent crypto consultation paper has required all crypto firms to register with the Securities and Futures Commission to ensure compliance with the Anti-Money Laundering and Counter-Terrorist Financing Amendment Ordinance 2022. HashKey and OSL are currently the only two registered exchanges under current licensing regulations.