eXch criticised AML practices across the crypto industry as ineffective, arguing that KYC and AML policies were based on unreliable scoring systems and easily bypassed screening tools

Quotes that support claims

Any instant exchangers that screen their customer deposits using third-party APIs and appeal to nonsensical AML/KYC terms are far from preventing money laundering and terrorism

The absurdity is compounded by the absolute uselessness of the address score reporting APIs they use, as any of these screening mechanisms can be easily bypassed