user1878: Can anyone explain how AML rules, alerting, and FinCEN reporting would work under Ripple?

user5406: AML is only applied to customer relationships. In this case that would be people that have an account with a gateway and are using said account to either deposit or withdraw massive amounts of money/crypto from the gateway. 
It cannot apply to rippled balances, as you don't need to provide any information to another entity in Ripple in order to extend a trust line to said entity. I.e. there is no customer relationship in that case.
All of the above is AFAIK and IANAL.

1878: <p>Can anyone explain how AML rules, alerting, and FinCEN reporting would work under Ripple?</p>
 5406: <p>AML is only applied to customer relationships. In this case that would be people that have an account with a gateway and are using said account to either deposit or withdraw massive amounts of money/crypto from the gateway. </p>

<p>It cannot apply to rippled balances, as you don't need to provide any information to another entity in Ripple in order to extend a trust line to said entity. I.e. there is no customer relationship in that case.</p>

<p>All of the above is AFAIK and IANAL.</p>
