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Deprecate SEP3 #420

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Nov 11, 2019
Merged

Deprecate SEP3 #420

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50cc97e
Deprecate SEP3
msfeldstein Oct 4, 2019
b478ae8
Fix merge
msfeldstein Oct 7, 2019
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2 changes: 1 addition & 1 deletion ecosystem/README.md
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Expand Up @@ -33,7 +33,6 @@
| --- | --- | --- | --- | --- |
| [SEP-0001](sep-0001.md) | stellar.toml specification | SDF | Standard | Active |
| [SEP-0002](sep-0002.md) | Federation Protocol | SDF | Standard | Final |
| [SEP-0003](sep-0003.md) | Compliance Protocol | SDF | Standard | Active |
| [SEP-0004](sep-0004.md) | Tx Status Endpoint | SDF | Standard | Final |
| [SEP-0005](sep-0005.md) | Key Derivation Methods for Stellar Accounts | SDF | Standard | Final |
| [SEP-0007](sep-0007.md) | URI Scheme to facilitate delegated signing | Interstellar | Standard | Final |
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| Number | Title | Author | Track | Status |
| --- | --- | --- | --- | --- |
| [SEP-0003](sep-0003.md) | Compliance Protocol | SDF | Standard | Deprecated |
| [SEP-0006](sep-0006.md) | Anchor/Client Interoperability | SDF | Standard | Deprecated in favor of SEP-24 |
| [SEP-0013](sep-0013.md) | DEPOSIT_SERVER proposal | @no, @ant, @manran, @pacngfar | Informational | Rejected |

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8 changes: 6 additions & 2 deletions ecosystem/sep-0003.md
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Expand Up @@ -4,12 +4,16 @@
SEP: 0003
Title: Compliance protocol
Author: stellar.org
Status: Active
Status: Deprecated
Created: 2017-10-30
Updated: 2018-07-15
Updated: 2019-10-04
Version 1.0.1
```

## Deprecation Notice

For most use cases, we actually recommend the workflow specified in [SEP-0006](sep-0006.md) instead of SEP-0003

## Simple Summary
Complying with Anti-Money Laundering (AML) laws requires financial institutions (FIs) to know not only who their customers are sending money to but who their customers are receiving money from. In some jurisdictions banks are able to trust the AML procedures of other licensed banks. In other jurisdictions each bank must do its own sanction checking of both the sender and the receiver. The Compliance Protocol handles all these scenarios.

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