Threshold Amount
NiceHash AG is a company incorporated in Switzerland. According to the Swiss AML Law, the rule applies to all transactions. Both the sending and receiving institutions must collect and exchange specific data.
Required Data
For compliance, institutions must record and transmit the following information:
For the Sender:
Full legal name
Account number (or unique wallet identifier/address)
Physical address
For the Recipient:
Full legal name
Account number (or unique wallet identifier/address)
Data Sharing Between Institutions
The collected data must "travel" with the transaction, ensuring the receiving institution has all the necessary information to verify compliance with regulatory standards.