AML/CTF/KYC
The purpose of the AML/CTF and KYC policies is to prevent illegal activities in the financial sphere and protect the CRYPTOJET.ONE Service from potential risks. The correct application of these policies helps to ensure the security of transactions and maintain law and order in the financial sphere.
AML (Anti-Money Laundering), CTF (Counter Terrorist Financing) and KYC (Know Your Customer) are important tools that aim to protect CRYPTOJET.ONE from the risks of illegal activities and ensure the safety of our Users.
CRYPTOJET.ONE takes care of the safety of Users and strives to keep them safe from the risks of illegal activities. AML/CTF and KYC checks are an integral part of our policy. Not knowing the AML/CTF and KYC policy of CRYPTOJET.ONE Service does not relieve the User of responsibility. We approach the verification of each transaction individually, taking into account many factors. The above policies help identify Users, verify their identity and financial data, and monitor transactions that may involve illegal activities.
AML (Anti-Money Laundering) is a set of measures to detect illegal sources of income, financing of terrorist activities or laundering of money derived from criminal schemes.
CTF (Counter-Terrorism Financing) is a process that prevents the financing of terrorist organizations. The service should carry out monitoring of transactions and notification of suspicious transactions of Users to prevent financing of terrorism.
KYC, or Know Your Customer – is a process of identification of Users of cryptocurrencies to establish the identity of the owner, passport data, place of residence and source of income.
AML/CTF policy includes the following measures:
Training CRYPTOJET.ONE personnel on the AML/CTF rules and establishing procedures for handling suspicious transactions.
Identification of Users and verification of their identity. The CRYPTOJET.ONE service may use various methods, namely: requesting documents, conducting online checks, etc.
Monitoring of Users’ transactions to detect suspicious transactions. If suspicious transactions are detected, CRYPTOJET.ONE is at liberty to suspend the transaction.
KYC Policy includes the following measures:
Collecting information about Users, including their personal information, source of income, etc;
Verification and validation of User’s data through various sources;
Assessing the risks associated with the User and taking appropriate measures to minimize these risks;
Updating User information in accordance with changes to their personal data.
We use third-party AML-checking services to identify suspicious transactions:
– in cases if AML – check shows more than 70% risk, the application will be blocked;
– 0% to 25% is a low risk level of the wallet/transaction;
– from 25% to 70% – this is an average risk level of the wallet/transaction;
– 70% to 100% is a high risk level of the wallet/transaction.
IMPORTANT: transactions marked VICTIM-REPORT (the transaction is related to an official criminal case) will also be blocked.
The service is not responsible for refunds with the above mentioned dangerous sources!
In case of violation of AML/KYC policy CRYPTOJET.ONE has the right to:
Block the request.
Request a photo or video of the User with proof of identity.
Request from the User a screenshot from the personal account of the wallet from where the funds were withdrawn.
Block the account and any transactions of the User, transfer to the financial activity controlling and/or law enforcement authorities at the place of registration of CRYPTOJET.ONE.
Suspend the exchange until the incident is fully investigated.
Return the digital assets only to the account from which the transfer was made or transfer to other accounts, after full verification by the CRYPTOJET.ONE security service, if it was possible to confirm the legal origin of the User’s funds.
Request from the User other materials and documents related to the exchange.
If the User does not provide the requested information and does not respond to CRYPTOJET.ONE requests within one calendar month, the withheld funds will not be refunded.
