AML/KYC Policy

1. Commitment

CryptoSetype is committed to preventing the use of its platform for money laundering, terrorist financing, and other illicit activities. We maintain robust anti-money laundering (AML) and know-your-customer (KYC) procedures in accordance with applicable laws and international standards.

2. Customer Due Diligence

CryptoSetype applies risk-based customer due diligence procedures. When required by regulatory thresholds or risk indicators, we may request the following:

• Government-issued photo identification
• Proof of address dated within the last three months
• Source of funds documentation for high-value transactions
• Enhanced due diligence for politically exposed persons (PEPs)

Failure to provide requested documentation may result in account restrictions or closure.

3. Transaction Monitoring

We employ automated systems to monitor transactions for suspicious patterns, including but not limited to unusual transaction volumes, rapid movement of funds, structuring behavior, and transactions involving flagged addresses. All monitoring is conducted on an ongoing basis across both exchange and payment processing services.

4. Suspicious Activity

When suspicious activity is identified, CryptoSetype follows established internal procedures. This may include temporarily freezing the associated account, conducting an internal investigation, and filing Suspicious Activity Reports (SARs) with the relevant financial intelligence unit. We do not inform the user when a SAR has been filed, as required by law.

5. Risk Assessment

CryptoSetype conducts ongoing risk assessments to evaluate exposure to money laundering and terrorist financing risks. Factors considered include customer profiles, geographic risk, transaction types, and the nature of business relationships. Risk assessments are reviewed and updated periodically to reflect changes in the regulatory landscape and business operations.

6. Sanctions Screening

All users and transactions are screened against applicable sanctions lists, including:

• U.S. Office of Foreign Assets Control (OFAC) Specially Designated Nationals list
• European Union consolidated sanctions list
• United Nations Security Council sanctions list

Transactions involving sanctioned parties or jurisdictions are blocked and reported to the appropriate authorities.

7. Record Keeping

CryptoSetype retains all customer identification records, transaction data, and compliance documentation for a minimum of five years from the date of the transaction or the end of the business relationship, whichever is later. Records are stored securely and made available to regulatory authorities upon lawful request.

8. Training

All CryptoSetype staff with responsibilities related to compliance, customer support, and operations receive regular training on AML/KYC requirements, suspicious activity identification, and reporting procedures. Training programs are updated to reflect changes in regulations and emerging risks in the cryptocurrency sector.

9. Contact

For compliance-related inquiries, contact our compliance team at [email protected].