The company's Know your customer and Anti-money laundry policies were developed to reduce the risk of being involved in any kind of illegal financial activity. The company's management deems the task of complying with international AML and CFT policies to be of a great importance, thus ensures that the requirements of these policies are met with the highest accuracy.
Strict verification procedures were developed in order to prevent the use of stolen identities on the platform.
In order to pass identity verification, a user must provide personal information, residential address and upload images of documents that support the provided information. Generally, a driver license, a passport or a national ID card will be provided for this purpose. A recent proof of residence should also be provided to confirm the residential address.
The information provided by a user is thoroughly checked both automatically and manually in order to confirm the authenticity of the documents.
The company's AML policy was developed in order to prevent money laundering activity on the platform.
Compliance officers maintain the policy by applying a risk-based approach while monitoring the transactional activity on the exchange.
All transactions on the platform are also automatically analysed for suspicious patterns by the AML system. If a transaction or user's activity, in general, raises suspicion, the case is then investigated by an appropriately trained Compliance officer. Compliance officers have the right to suspend transactional and trading activity for the time of the investigation.
The company does not provide its services to natural persons or legal entities under sanctions.