KYC/AML Policy
Effective Date: April 15, 2025.
Introduction
Anonymous Crypto Exchange, operated by CryptoLightHouse Ltd., a company registered in the Republic of Seychelles ("Anonymous Crypto Exchange", "we", "us", or "our"), is committed to providing a secure, compliant, and user-focused platform. Our website, https://anonymouscrypto.exchange (the "Website"), and all related services (the "Services") adhere to strict standards of transparency and regulatory compliance.
This Know Your Customer (KYC) Policy ("Policy") details our approach to verifying the identity of users ("you", "your", or "Customer") to ensure alignment with applicable laws and regulations. It reflects our dedication to safeguarding our platform and protecting user interests.
Important: This Policy does not cover services offered by third-party providers. Such entities operate under their own policies, and we advise reviewing their terms before engaging with their services.
By accessing our Website or Services, you confirm that you are not a resident, citizen, or located in any Prohibited Jurisdictions, including the United States, European Union, United Kingdom, Afghanistan, North Korea, Iran, Syria, Cuba, Yemen, Sudan, Libya, Somalia, or any jurisdiction listed on the United Nations Security Council Sanctions List or similar international sanctions frameworks.
We reserve the right to modify this Policy at any time. Updates take effect upon posting on the Website, and your continued use of the Services signifies acceptance of the revised terms. For questions or clarification, please reach out to us at: [email protected].
1. Scope
This KYC Policy applies to all individuals who register for, access, or utilize the Services provided through the Anonymous Crypto Exchange Website. By using our platform, you acknowledge that we may collect, review, and verify personal information or identification documents as part of our KYC procedures, as outlined in this Policy.
2. Conditions for Verification
Anonymous Crypto Exchange may conduct KYC verification under the following circumstances:
(i) At our discretion: To maintain platform security, prevent unauthorized access from Prohibited Jurisdictions (as specified in this Policy and our Terms of Use), and uphold compliance standards, we may request KYC verification at any time without prior notice.
(ii) Third-party requirements: As our cryptocurrency exchange services are facilitated by external providers, we may need to verify your identity to meet their regulatory obligations. These partners may request KYC checks before processing transactions. Please review their policies for additional details.
3. User Verification and Due Diligence
Our KYC processes, conducted internally and through trusted third-party partners, aim to confirm user identities and evaluate risks associated with platform activity. We collect relevant data, apply risk-based verification methods, document outcomes, and communicate verification requirements to users.
Where necessary, we gather sufficient information to verify a user’s identity using reliable, risk-based approaches tailored to their profile.
3.1.1. We collaborate with Sum & Substance Ltd., a certified verification provider, to process user data in compliance with our Privacy Policy. This provider evaluates whether submitted information is:
– Consistent, logical, and adequate to establish a verified identity;
– Checked against global databases, including OFAC’s Specially Designated Nationals list, PEP registries, EU and UN sanctions lists, HMT, and adverse media sources.
3.1.2. Verification is typically completed promptly, depending on the complexity of the user’s profile or transaction activity. In certain cases, third-party providers may pause transactions until verification is finalized. If data suggests potential money laundering, terrorist financing, or other illicit activities, we escalate the matter internally. After review by our AML Compliance Officer, information may be shared with partners, who may freeze funds and submit Suspicious Activity Reports (SARs) as required by their jurisdiction’s laws.
3.2. We rely on credible, independent sources to verify user information, including:
– Government-issued identification (e.g., passport, national ID);
– Proof of address (e.g., utility bill, bank statement);
– Documents confirming the source of funds.
3.3. Enhanced Due Diligence (EDD) is applied to high-risk users, such as Politically Exposed Persons (PEPs), and may involve:
– Requesting additional identification documents;
– Verifying source of wealth through financial records, tax documents, or property deeds;
– Performing adverse media screenings;
– Obtaining senior management approval to continue the relationship;
– Implementing ongoing monitoring, including frequent transaction reviews and annual risk reassessments.
PEPs are identified and monitored via:
– Real-time screening during onboarding using PEP databases;
– Regular checks against updated global PEP lists;
– Behavioral analysis to detect high-risk patterns.
3.4. User data is periodically reviewed and re-verified to ensure ongoing compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
4. KYC Information Requirements
To perform KYC verification, we may request verifiable documentation or data, including but not limited to government-issued IDs, passports, bank statements, utility bills, or proof of funds. For corporate entities, we may require company documents and details of the ultimate beneficial owner.
We employ robust methods to confirm the authenticity of submitted information, including external database checks and internal reviews. High-risk or suspicious users may be subject to additional scrutiny.
Verification is an ongoing process. Changes in user details or unusual activity may prompt requests for updated documentation. Even previously verified users may need to resubmit information for compliance or risk reassessment.
All personal data collected is processed, stored, and protected in accordance with our Privacy Policy and applicable data protection laws.
We may contact you to clarify submitted information or request further documents to address specific risks. Failure to provide requested KYC information may result in restricted access to the Services.
5. Compliance Management
Anonymous Crypto Exchange has appointed a Compliance Officer to oversee the implementation of this AML/KYC Policy. The Compliance Officer is responsible for:
– Managing AML/CTF processes;
– Verifying user identity data;
– Updating internal policies and procedures;
– Maintaining secure record-keeping systems;
– Conducting periodic risk assessments;
– Liaising with regulatory authorities and law enforcement when required.
The Compliance Officer may engage directly with authorities on matters related to financial crime prevention. If suspicious activity is detected, we will file a Suspicious Transaction Report (STR) with the relevant Financial Intelligence Unit within two business days of identification.
6. Cooperation with Law Enforcement
Our third-party providers maintain all necessary originator and beneficiary information for virtual asset transfers and share it with authorities upon lawful request.
We fully cooperate with law enforcement agencies within their legal jurisdictions while prioritizing user privacy and data security. Official requests must include:
– The legal name of the requesting authority;
– Identification and credentials of the authorized officer;
– Verified contact details;
– A detailed description of the requested information;
– The legal basis and jurisdiction for the request;
– Relevant case or reference numbers.
For efficiency, we recommend submitting wallet addresses, transaction IDs, and other identifiers in plain text or structured formats (e.g., XLSX, CSV).
Standard requests are processed within 1–2 business days. Complex or bulk data requests may take 5–10 business days, excluding delays due to clarification or additional documentation.
As a platform facilitating third-party providers, we are not liable for technical errors or delays in data processing. Information is provided as-is, with no guarantee of accuracy.
We reserve the right to determine the scope of responses based on legal obligations, technical capabilities, and available resources.
7. Data Protection
Anonymous Crypto Exchange is committed to protecting the privacy and security of all personal data collected during KYC processes. We implement stringent technical and organizational measures to ensure the confidentiality, integrity, and lawful processing of user information.
All data is handled in accordance with our Privacy Policy and relevant data protection regulations.