Visit Zipwire

The "HasClearAML" Attestation: Purpose and Limitations

Overview

The "HasClearAML" attestation is a statement of fact that confirms a wallet holder has clear Anti-Money Laundering (AML) status. This attestation is useful for platforms and services that require AML compliance verification for financial services, high-value transactions, and regulatory compliance.

How It Works

The process follows the standard attestation workflow:

  1. Wallet Connection: Connect your Ethereum wallet to Zipwire

  2. AML Verification: Complete AML background checks and compliance verification

  3. Status Assessment: Zipwire evaluates your AML status based on verification results

  4. Attestation Issuance: If you have clear AML status, claim the "HasClearAML" attestation

  5. Blockchain Recording: The attestation is recorded on the Base blockchain

Attestations

Privacy Features

  • The attestation only confirms clear AML status without revealing specific compliance details

  • No personal data is stored on the blockchain

  • The attestation can be verified without exposing additional personal information

  • AML verification results remain private and are not disclosed

How to Get HasClearAML Attestations

Attestations

You can obtain HasClearAML attestations through:

Use Cases

  • Financial services - Verify users meet AML compliance requirements

  • High-value transactions - Ensure participants have clear AML status

  • Regulatory compliance - Meet AML verification requirements for regulated activities

  • DeFi protocols - Verify users for compliance with financial regulations

  • Cross-border payments - Ensure compliance with international AML standards

  • Cryptocurrency exchanges - Verify users for trading and withdrawal limits

Limitations

  • Status Only: Confirms clear AML status, not specific compliance details

  • Transfer Vulnerability: If a wallet is sold or stolen, the attestation remains

  • Status Revealing: Unlike some attestations, this does reveal that you have clear AML status

  • Permanent Record: Once issued, the attestation is permanent on the blockchain

  • Jurisdictional: AML requirements may vary by jurisdiction and use case

  • Time Sensitivity: AML status can change over time and may need periodic re-verification

Best Practices

Attestations & Privacy: Timing Your Claims & Data Deletion

  • Consider timing: Space out AML attestation claims to avoid linking wallet addresses

  • Understand permanence: AML attestations are permanent once issued

  • Use appropriately: Only require AML attestations when necessary for your service

  • Regular updates: Consider periodic re-verification for ongoing compliance

  • Jurisdictional compliance: Ensure your use case aligns with local AML regulations

Comparison to Other Attestations

  • IsAHuman: Confirms the wallet belongs to a real person (no compliance information)

  • HasClearAML: Confirms the user has clear AML status

  • Private Data Attestations: Allow selective disclosure of specific compliance information

  • Age Attestations: Verify age requirements but don't address AML compliance

The "IsAHuman" Attestation: Purpose and LimitationsThe "Private Data" Attestation: Merkle Roots

Technical Details

  • Schema UID: 0xdc1cb4d85858a3c6fe90fcce9779c3ffad0376d5dd3583cf684056fd98359f9c

  • Network: Base Sepolia (testnet)

  • Schema Type: Boolean attestation

  • Data Structure: Simple true/false value

  • Privacy Level: Basic - no personal data included

  • Transferability: Not transferable

  • Revocability: Revocable by Zipwire

Related Resources

PreviousThe "IsTwentyOne" Attestation: Purpose and LimitationsNextThe "Private Data" Attestation: Merkle Roots

Last updated