1. Introduction
1.1 The cryptocurrency exchange service CityKripto has strict KYC and AML/CTF measures in its policy aimed at preventing the use of services for money laundering, terrorism financing, and other illegal activities. We strive to ensure the security and legality of all transactions, complying with applicable laws and regulatory standards.
1.2 Our AML Policy includes the following principles:
-Prohibition on Cooperation: We do not enter into business relationships with known criminals and terrorists.
-Refusal of Suspicious Transactions: We do not process transactions related to known criminal activities.
-Prohibition on Facilitating Crime: Any facilitation of illegal transactions is strictly excluded.
-Rights to Restriction: We may limit access to services for citizens of high-risk countries, including Afghanistan, the USA, Iran, Ukraine, and others.
2. KYC Procedures
2.1. Identity Verification
The exchange has the right to suspend the execution of applications for identity verification and confirmation of the source of funds if the transaction has a high-risk level (more than 30%) or if the sources of funds fall into high-risk categories, including but not limited to: sanctions, mixers, dark markets, or entities with enforcement actions.
2.2. Information Requests
In the case of blocked funds, the Client will be required to provide the following information to confirm their legal origin:
– The platform through which the funds were received.
– The service or product for which the funds were received.
– A photo of one of the identification documents (passport, ID, driver’s license).
– A selfie with the specified document and a piece of paper on which the current date is written.
3. AML/CTF Procedures
3.1. Transaction Monitoring
The exchange service monitors all transactions to detect suspicious activity. If necessary, we will assist law enforcement agencies in investigations.
3.2. Freezing of Funds
The exchange does not serve sanctioned addresses (e.g., Garantex exchanges or Tornado Cash services). Funds received from such addresses will be frozen indefinitely until the investigation is completed.
4. Completion of Exchange
The exchange will be completed only if the exchange has not received any special instructions concerning the withheld funds from law enforcement agencies. If the identity verification is successful, the funds will be returned to the Client in full within 14 days.
5. Conclusion
CityKripto exchange service adheres to the principles of honesty and transparency in its operations. We encourage all clients to cooperate and provide accurate information necessary to comply with this policy.
Any attempts to circumvent KYC and AML/CTF procedures or provide false information may result in account blocking and/or the transfer of information to law enforcement agencies.
