diff --git a/ch01.asciidoc b/ch01.asciidoc
index 2ec4ba8b..25e299d1 100644
--- a/ch01.asciidoc
+++ b/ch01.asciidoc
@@ -174,8 +174,7 @@ There are several ways Alice can acquire bitcoin:
 * She can offer her skills or a product she sells and accepts payment in bitcoin
 * She can ask her employer or clients to pay her in bitcoin
 
-
-All of these methods have varying degrees of difficulty, and many will involve paying a fee. Some will also require Alice to provide identification documents to comply with local banking regulations. However, with all these methods, Alice will be able to receive bitcoin.
+All of these methods have varying degrees of difficulty, and many will involve paying a fee. Some financial institutions will also require Alice to provide identification documents to comply with local banking regulations/anti-money laundering (AML) practices, a process which is known as Know Your Customer (KYC). However, with all these methods, Alice will be able to receive bitcoin.
 
 [TIP]
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