user129319: I am doing a research project about Crypto regulation. From what I read, Know Your Customer and Anti-Money Laundering compliance from exchanges are legally required in the US. However, a quick search shows several crypto exchanges that obviously do not comply with these regulations (they don't ask users any identification when purchasing).
How are these exchanges slipping through? Some have been around for multiple years and a glance tells me they are doing fine.

user129367: It depends where the selling company is based. If you're able to buy BTC for example in Switzerland (from the US), you can get BTC by just giving them your bank id (also known as KYC-light).
You need to keep in mind that there are also decentralized exchanges like BISQ and also marketplaces for buying and selling BTC in person for cash.
Bitcoin is a digital peer-to-peer cash. It is nearly impossible for any entity to control and regulate it.
By the way, which exchanges did you find that do not comply with KYC or AML?

129319: <p>I am doing a research project about Crypto regulation. From what I read, Know Your Customer and Anti-Money Laundering compliance from exchanges are legally required in the US. However, a quick search shows several crypto exchanges that obviously do not comply with these regulations (they don't ask users any identification when purchasing).</p>
<p>How are these exchanges slipping through? Some have been around for multiple years and a glance tells me they are doing fine.</p>
 129367: <p>It depends where the selling company is based. If you're able to buy BTC for example in Switzerland (from the US), you can get BTC by just giving them your bank id (also known as KYC-light).</p>
<p>You need to keep in mind that there are also decentralized exchanges like BISQ and also marketplaces for buying and selling BTC in person for cash.</p>
<p>Bitcoin is a digital peer-to-peer cash. It is nearly impossible for any entity to control and regulate it.</p>
<p>By the way, which exchanges did you find that do not comply with KYC or AML?</p>
