The Money Laundering Shield of Web3: A Deep Dive into DogPay’s KYT Risk Monitoring System
In today’s convergence of digital assets and traditional finance, "security" is no longer an abstract concept but a firewall constructed from lines of rigorous regulatory code. For Web3 users, the greatest fear isn't market volatility, but having bank accounts frozen due to receiving "tainted" funds. DogPay believes that KYC (Know Your Customer) alone is insufficient; the true core of security lies in KYT (Know Your Transaction).
What is KYT, and why is it your financial lifeline? If KYC is verifying who enters the door, KYT is scanning what is inside the suitcase they are carrying. DogPay utilizes industry-leading monitoring powered by Sumsub to perform real-time, dynamic risk scoring on every on-chain transaction.
The Three Defensive Layers of DogPay’s KYT:
Illicit Fund Isolation: The system automatically identifies and intercepts funds linked to illegal activities, mixers, or sanctioned addresses. This ensures every cent in your DogPay wallet is "clean money" that has undergone strict physical isolation.
Preemptive Risk Protection: Legacy banks often block Web3-related accounts because they cannot penetrate on-chain logic. By using KYT monitoring before assets land in fiat, DogPay completes compliance self-verification at the source, protecting your dedicated U.S. bank account (iBank) from restrictive freezes.
Global Regulatory Backing: Backed by Hong Kong TCSP and MSB licenses in the U.S. and Canada, our KYT processes fully align with international AML standards set by the FATF.
At DogPay, we aren't just processing transfers; we are building a regulated "Financial Safe Zone" for you.