What is the 5th EU Anti-Money Laundering Directive (AML5) and how does it affect me?

A new EU regulation (AML5) came into effect on the 10th of January 2020. According to the new rules, Swapin and all other crypto companies are now required to meet specific transparency standards and disclose the company‚Äôs beneficial owners in a publicly accessible national registry. We ask you to provide your ID for your personal account and for business account (as a managing director or authorized agent of a company) so we could make sure that all of our customers are legitimate.