Anti-Money Laundering (AML) Policy

Last Updated: September 12, 2025

1. Introduction

CryptoX is committed to maintaining the highest standards of compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. This policy outlines our commitment to prevent, detect, and report money laundering and terrorist financing activities through our platform.

We adhere to all applicable laws and regulations, including but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, and the Financial Action Task Force (FATF) recommendations.

2. Customer Due Diligence (CDD)

2.1 Customer Identification Program (CIP)

We implement a robust Customer Identification Program to verify the identity of all customers. This includes:

  • Full legal name
  • Date of birth
  • Residential address
  • Government-issued identification
  • Proof of address

2.2 Enhanced Due Diligence (EDD)

For high-risk customers, we conduct enhanced due diligence, which may include:

  • Additional identity verification
  • Source of funds verification
  • Ongoing transaction monitoring
  • Senior management approval for account opening

3. Transaction Monitoring

We employ sophisticated transaction monitoring systems to detect and report suspicious activities, including:

  • Unusual transaction patterns
  • Structuring (breaking down large transactions into smaller ones)
  • Transactions involving high-risk jurisdictions
  • Transactions with no apparent economic or lawful purpose

4. Sanctions Screening

We screen all customers against global sanctions lists, including:

  • Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list
  • European Union sanctions lists
  • United Nations Security Council sanctions lists
  • Other relevant sanctions lists

5. Suspicious Activity Reporting

Our compliance team is trained to identify and report suspicious activities to the appropriate financial intelligence units (FIUs) in accordance with applicable laws and regulations.

6. Employee Training

All employees receive regular training on AML/CTF policies and procedures, including:

  • Recognizing red flags
  • Customer due diligence requirements
  • Reporting obligations
  • Legal and regulatory updates

7. Record Keeping

We maintain all required records for a minimum of five years, including:

  • Customer identification information
  • Account files
  • Business correspondence
  • Transaction records

8. Compliance Officer

CryptoX has designated a Chief Compliance Officer (CCO) responsible for:

  • Overseeing the AML/CTF program
  • Ensuring compliance with all applicable regulations
  • Submitting required reports to regulatory authorities
  • Conducting independent reviews of the AML/CTF program

9. Contact Information

For any questions or concerns regarding our AML/CTF policies, please contact our Compliance Team:

Email: compliance@cryptoxotg.com
Phone: +1 (555) 123-4567
Mailing Address: 123 Compliance Lane, Crypto City, CC 12345

Note: This policy is subject to change without prior notice. Please check back regularly for updates.