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
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.
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