AML / Compliancy Policy

Anti-Money Laundering (AML) and Compliance Policy

COMPLIANCE NOTICE WenSwap maintains strict anti-money laundering (AML) standards to ensure regulatory compliance and prevent illicit activities.

1. General Provisions

1.1 Purpose

This policy establishes:

• AML compliance framework

• Risk assessment procedures

• Monitoring mechanisms

• Reporting requirements

• Compliance obligations

1.2 Scope

Applies to:

• All transactions

• User activities

• Platform operations

• Support services

• Partnership activities

2. Prohibited Activities

WenSwap strictly prohibits:

• Money laundering

• Terrorist financing

• Sanctions evasion

• Tax evasion

• Fraudulent activities

• Criminal proceeds

3. Transaction Monitoring

3.1 Automated Monitoring

We monitor for:

• Suspicious patterns

• Unusual volumes

• High-risk jurisdictions

• Sanctioned addresses

• Known illicit actors

• Blockchain analysis flags

3.2 Risk Indicators

Suspicious activities include:

• Multiple small transactions

• Irregular patterns

• High-risk wallet associations

• Sanctioned country connections

• Dark web associations

• Mixing service usage

4. Compliance Measures

We reserve the right to:

• Block suspicious transactions

• Freeze suspicious accounts

• Report suspicious activities

• Request additional information

• Terminate service access

• Cooperate with authorities

4.1 Transaction Limits

We may impose:

• Volume restrictions

• Frequency limits

• Address restrictions

• Network limitations

• Token restrictions

4.2 Blockchain Analysis

We utilize:

• Advanced tracking tools

• Risk scoring systems

• Compliance databases

• Partner networks

• Industry intelligence

5. Reporting Obligations

5.1 Regulatory Reporting

We comply with:

• Relevant regulations

• Law enforcement requests

• Regulatory inquiries

• Court orders

• Legal obligations

5.2 Internal Reporting

We maintain:

• Transaction records

• Activity logs

• Compliance reports

• Investigation records

• Communication records

6. Risk Assessment

6.1 User Risk

Factors include:

• Transaction patterns

• Volume history

• Wallet associations

• Geographic location

• Activity patterns

6.2 Transaction Risk

Evaluated based on:

• Amount

• Frequency

• Source/destination

• Token type

• Network choice

7. Compliance Authority

WenSwap maintains the right to:

• Reject transactions

• Suspend services

• Request verification

• Report activities

• Share information with authorities

8. Record Keeping

We maintain records of:

• Transactions

• User activities

• Compliance measures

• Investigation results

• Regulatory reports

9. Partner Compliance

We require partners to:

• Maintain AML standards

• Report suspicious activities

• Cooperate with investigations

• Share relevant information

• Maintain compliance records

10. Staff Training

Our team is trained in:

• AML regulations

• Risk identification

• Compliance procedures

• Reporting requirements

• Investigation protocols

11. Policy Updates

We reserve the right to:

• Update this policy

• Modify procedures

• Enhance monitoring

• Adjust requirements

• Implement new measures

12. Non-Compliance Consequences

12.1 User Consequences

May include:

• Service termination

• Asset freezes

• Legal reporting

• Account closure

• Investigation

12.2 Reporting Obligations

We will report:

• Suspicious activities

• Regulatory violations

• Criminal behavior

• Compliance breaches

• Prohibited transactions

By using WenSwap, you acknowledge and agree to comply with all AML and compliance requirements. Non-compliance may result in immediate service termination and regulatory reporting.

At any point, for any reason, WenSwap or its partners can request a user to complete KYC or proof of funds to continue an exchange. Funds may or may not be released without the user providing this information, depending on the circumstances.