Subject: Extending ICRC-17: From Basic Tags to Complete Compliance Solution
Current ICRC-17 Capabilities
Lightweight compliance tagging
- Simple Pass/Fail status checks
- Standardized
icrc17_kyc_requestinterface
Critical Gaps for Real-World Use
Missing essential AML/CTF features:
- Ultimate Beneficial Owners (UBOs) - Must identify >25% owners
- Substituted Actors - Assistants/trustees acting on behalf of others
- Clear Governance - Defined roles for compliance attestation
Proposed Solution (simplified)
Key Advantages
- Preserves ICRC-17’s simplicity
- Adds crucial compliance functionality
- Fully backward compatible
- Enables banking/fintech adoption
Let’s advance this standard together.
Other posts about the same topic:
Implementing KYC on Internet Computer
AML/KYC in the ICP ecosystem - #5 by borovan