AML/KYC Policy

Anti-Money Laundering/Counter the Financing of Terrorism (AML/CFT) Policy The Cryypto AML Policy is designed to prevent money laundering, including the need to have adequate systems and controls in place to mitigate the risk of the firm being used to facilitate financial crime.

This AML Policy sets out the minimum standards which must be complied with and includes:-  The appointment of a Money Laundering Reporting Officer (MLRO) who has sufficient level of seniority and independence and who has responsibility for oversight of compliance with relevant legislation, regulations, rules and industry guidance; Establishing and maintaining a Risk-Based Approach (RBA) towards assessing and managing the money laundering and terrorist financing risks to the company; Establishing and maintaining risk-based customer due diligence, identification, verification and know your customer (KYC) procedures, including enhanced due diligence for those customers presenting a higher risk, such as Politically Exposed Persons (PEPs). Establishing and maintaining risk-based systems and procedures to monitor on-going customer activity. Procedures for reporting suspicious activity internally and to the relevant law enforcement authorities as appropriate. The maintenance of appropriate records for the minimum prescribed periods. Training and awareness for all relevant employees.

Counter Financing of Terrorism (CFT):
The Company takes a risk-based approach when adopting and implementing counter financing of terrorism (CFT) measures and in conducting AML risk assessments.

The company adopted internal CFT controls and make undefended decisions regarding CFT matters supersedes any business, strategic or other operating tasks.

International Sanctions Policy (ISP):
Our company is prohibited from transacting with individuals, companies, and countries that are on prescribed sanctions lists.

Know Your Customer Procedures (KYC):
Individuals can be identified by passport or other identification document and utility bills stating their current postal address. Companies have to be identified by extracts from the Chamber of Commerce or by notary deed. Copies have to be made and archived in files securely.

KYC Policy

We have developed different verification levels for our members – each has its own requirements and thresholds.

Level 0:
  • Assigned when you sign up. You may access your crypto account, but may not buy or sell bitcoin without confirming your email address.
Level 1:
  • Level 1 allows you to buy and sell up to 10 bitcoin (BTC) per day.
  • In order to qualify for Level 1 access, you must do the following:
  • Verify your email address
  • Link your bank account
Level 2:
  • Level 2 allows you to buy and sell up to 100 bitcoin (BTC) per day.
  • In order to qualify for Level 2 access, you must do the following:
  • All requirements from Level 1
  • Buy your first bitcoin at crypto Verify your identity (ID and address)

Note: Daily withdrawal limits for fiat currency are the exchange equivalent of the stated bitcoin limit for each verification level (see table at top).
All your details are kept secure using bank-grade encryption.

We review your verification documents as soon as we can, both with a state-of-the-art automatic verification system and with manual checks.In most cases, the documents are reviewed within 24 hours.
Note: we use bank-grade encryption to protect your data at all times

To verify your identity, we will need to see a high quality copy of your government-issued photo identity card.
  • The following types are acceptable:
  • Passport
  • Driver’s license
  • State-issued identity cards
  • PAN Card (mandatory for users from India)

Please note: We only need one of the above to verify your identity.

  • To withdraw your bitcoin or fiat currency from the crypto platform, you must be verified. This is required by anti-money-laundering legislation in most countries.Verification includes, but is not limited to the following*:
  • Government-issued photo ID (see here for more details)
  • Recent utility bill (dated within last 60 days)
  • Copy of bank receipt (if you deposited money into our bank accounts)
  • Bank account verification (if you deposited bitcoin)

Please note: This is not the same as Level 2 verification. You do not need to be a Level 2 member to withdraw your bitcoin or fiat currency. See here for details.

* We may require further documentation in rare cases.