AML/CTF/KYC

The purpose of the AML/CTF and KYC policy is to prevent illegal actions in the financial sector and protect the Service
CRYPTOJET.ONE from potential risks. Proper application of these policies helps ensure the security of transactions, as well as maintain legality and order in the financial sector.

AML (Anti-Money Laundering), CTF (Counter-Terrorism Financing) and KYC (Know Your Customer) are important tools aimed at protecting
CRYPTOJET.ONE from the risks of illegal activity and ensure the safety of our Users.

CRYPTOJET.ONE is committed to User security and strives to protect against the risks of illegal activity. AML/CTF and KYC checks are an integral part of our policy. Lack of knowledge of the AML/CTF and KYC policy of the Service
CRYPTOJET.ONE does not relieve the User of responsibility. We approach each transaction individually, taking into account many factors. The above policies help identify Users, verify their identity and financial data, as well as track transactions that may be linked to illegal activities.

CRYPTOJET.ONE uses a licensed AML analyzer GetBlock, on whose data the Risk-Score model is based, and whose results are used to make decisions on transactions. If desired, each user can perform an AML check before sending funds. If the sending address is unknown to you and/or you cannot/refuse to perform a preliminary check, then if the total AML risk level exceeds 50%, the exchange will be suspended and we will return the funds you sent, minus the network fee.
AML, or Anti-Money Laundering – is a set of measures to detect illegal sources of income, terrorist financing, or money laundering from criminal schemes.

CTF (Counter-Terrorism Financing) – is a process that prevents the financing of terrorist organizations. The Service must monitor transactions and report suspicious User activities to prevent terrorist financing.

KYC, or Know Your Customer – is the process of identifying cryptocurrency Users to establish the owner’s identity, passport data, place of residence, and source of income.

The AML/CTF policy includes the following measures:

1. Training CRYPTOJET.ONE staff on AML/CTF rules and creating procedures for handling suspicious transactions.
2. Identification of Users and verification of their identity. The Service CRYPTOJET.ONE may use various methods, namely: requesting documents, conducting online checks, etc.
3. Monitoring User transactions to detect suspicious operations. If suspicious operations are detected, CRYPTOJET.ONE has the right to suspend the transaction.

The KYC Policy includes the following measures:

1. Collecting information about Users, including their personal data, source of income, etc.;
2. Verifying and confirming User data through various sources;
3. Assessing the risks associated with the User and taking appropriate measures to minimize these risks;
4. Updating User information in accordance with changes in their personal data.

Main stages of KYC:

— Customer identification: Platforms require identification documents (passport, driver’s license, etc.).

— Address verification: Proof of residence is often required by providing a utility bill or other documents.

— Risk assessment: Platforms may use various tools to assess the level of risk associated with the client, including checking against international sanctions lists and blacklists.

— General customer screening: This may inсlude analysis of public lists of those potentially involved in illegal activities or politically exposed persons (PEP), verification of the client’s source of funds if the volume of their assets seems suspicious for their background (e.g., unusually large transaction volume; potentially illegal origin of funds; sanctioned funds, etc.).

To identify suspicious transactions, we use third-party AML verification services:

— If an AML check shows more than 50% risk, the request will be blocked;

— From 0% to 25% — low risk level of wallet/transaction;

— From 25% to 70% — medium risk level of wallet/transaction;

— From 70% to 100% — high risk level of wallet/transaction.

IMPORTANT: transactions marked VICTIM-REPORT (transaction linked to an official criminal case) will also be blocked.

The Service is not responsible for the return of funds from the above dangerous sources!

Using the above data, an automatic Risk Score calculation is performed:

— Low Risk — Transaction is considered low-risk.

— Medium Risk — Additional verification is required.

— High Risk — The address or transaction is associated with suspicious activity; working with it is not recommended.

In case of violation of the AML/KYC policy, CRYPTOJET.ONE has the right to:

1. Block the request.
2. Request the User to provide a photo or video with an identity document.
3. Request the User to provide a screenshot from the wallet’s personal account from which the funds were withdrawn.
4. Block the User’s account and any operations, and report to the financial regulatory and/or law enforcement authorities at the place of registration of CRYPTOJET.ONE.
5. Suspend the exchange until the incident is fully investigated.
6. Return digital assets only to the details from which the transfer was made or switch to other details after a full check by the security service of CRYPTOJET.ONE, if the legal origin of the User’s funds can be confirmed.
7. Request other materials and documents from the User regarding the exchange.
8. If the User does not provide the requested information and does not respond to requests from CRYPTOJET.ONE within one calendar month, the withheld funds will not be returned.

Conditions for refunds under AML/KYC

1. Bona fide clients who have completed the KYC procedure and are not involved in money laundering can have their unlocked assets returned without fees.
2. In the case of returning high-risk assets, the fee may be up to 5% of the amount, but not more than $100.