How do KYC and AML work in real estate tokenization?

Every serious tokenized real estate project must follow Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) rules.
Investors upload ID documents and proof of address, and sometimes proof of income or net worth. Their data is checked by compliance providers, and only verified investors are allowed to buy tokens.

Many platforms also whitelist approved wallets in the smart contract. If a wallet is not verified, it cannot receive or trade the token. This helps block sanctioned or risky users and keeps a full audit trail for regulators.