AML Statement
This Anti-Money Laundering (AML) Statement outlines the principles, controls, and procedures implemented to prevent the use of the platform for money laundering, terrorist financing, fraud, and other illicit activities.
The platform provides crypto payment processing services and applies a risk-based approach to compliance with applicable AML, counter-terrorist financing (CTF), and sanctions regulations.
1. Compliance Approach
The platform is committed to maintaining effective AML/CTF controls and applies internal policies, procedures, and monitoring systems designed to detect and prevent financial crime.
Compliance measures are regularly reviewed and updated in line with regulatory expectations, risk exposure, and operational requirements.
2. Risk-Based Framework
A risk-based approach is applied to identify, assess, and manage risks associated with users, transactions, jurisdictions, and services.
Risk factors may include:
- user profile and business activity
- geographic location and jurisdiction risk
- transaction patterns and volume
- use of high-risk assets or services
Enhanced due diligence may be applied in higher-risk scenarios.
3. Customer Due Diligence (KYC)
Identity verification is required before accessing core services.
Users may be required to provide:
- government-issued identification
- proof of address
- selfie or biometric verification
- business or corporate documentation (where applicable)
- source of funds or source of wealth information
Accounts may be restricted, suspended, or terminated if verification requirements are not met.
4. Transaction Monitoring
Transactions are monitored on an ongoing basis to detect suspicious activity.
Monitoring may include:
- analysis of transaction patterns and behaviour
- blockchain analytics and wallet screening
- detection of unusual or high-risk activity
- alert generation and manual review
Transactions may be delayed, rejected, or blocked where necessary.
5. Sanctions and Screening
Users and transactions are screened against applicable sanctions lists and watchlists.
The platform may restrict or prohibit access where:
- a user is located in a restricted or sanctioned jurisdiction
- a user appears on a sanctions list
- a transaction involves a high-risk or prohibited counterparty
6. Prohibited Activities
The platform strictly prohibits the use of its services for illegal or high-risk activities, including but not limited to:
- money laundering or terrorist financing
- fraud or financial manipulation
- sanctions evasion
- use of stolen or unauthorised funds
- transactions related to illegal goods or services
Any suspected violations may result in immediate suspension or termination of access.
7. Reporting and Cooperation
Where required, suspicious activity may be reported to competent authorities in accordance with applicable law.
The platform cooperates with regulators, law enforcement agencies, and authorised bodies in matters relating to financial crime prevention.
8. Record Keeping
Records related to user verification, transactions, and compliance checks are retained for the period required by applicable law.
Such records may be used for audit, investigation, and regulatory reporting purposes.
9. Internal Controls
The platform maintains internal controls designed to ensure compliance, including:
- staff training and awareness programs
- restricted access to sensitive data
- monitoring and audit procedures
- incident response and escalation processes
10. Updates
This AML Statement may be updated from time to time to reflect changes in legal requirements, risk environment, or operational practices.
The latest version will be available on the website.