Anti Money Laundering (AML) and Know Your Customer (KYC) Policies

What is AML and KYC?

AML and KYC stands for Anti-Money Laundering and Know Your Customer. These are rules and regulations we are legally required to follow to help prevent financial crimes, such as money laundering, terrorist financing, and fraud.  AML and KYC helps us keep our platform safe and secure for all users.

Why is AML and KYC Important?

AML and KYC regulations are essential for several reasons:

• Protecting You: AML and KYC helps us protect you and your digital currency holdings by verifying your identity and monitoring transactions for suspicious activity. This helps prevent fraud and other financial crimes that could harm you.
• Following the Law: We are legally obligated to comply with AML and KYC regulations.

How We Comply with AML and KYC

We take several steps to comply with AML and KYC regulations, including:

• Customer Due Diligence: We collect and verify information about our users to confirm their identity. This may include requesting documents such as government-issued IDs or proof of address.
• Transaction Monitoring: We monitor transactions on our platform for suspicious activity.
• Reporting Suspicious Activity: We report any suspicious activity to the relevant authorities, as required by law.
• Sanctions Screening: We screen our users against international sanctions lists to ensure we are not facilitating transactions with individuals or entities that are subject to sanctions.
• Record Keeping: We maintain records of user information and transactions as required by law.

Your Role in AML and KYC Compliance

You can help us comply with AML and KYC regulations by: