AML Policy

At p2pchange.is, we are dedicated to ensuring a secure and transparent environment for all users by implementing robust Anti-Money Laundering (AML) and Know Your Customer (KYC) policies. These measures are essential to preventing the misuse of our platform for illegal activities, such as money laundering, terrorism financing, and other financial crimes.

Objective and Scope

The goal of this policy is to comply with global and local regulations while safeguarding the integrity of our services. This policy applies to all users and transactions carried out through our platform.

1. User Identification Procedures

1.1 Information Collection

To verify user identity, the following information is required:

• Full legal name and date of birth.
• A government-issued identification document (passport, ID card, or driver’s license).
• Proof of residential address, such as a utility bill or bank statement, issued within the last three months.

1.2 Document Verification

• Submitted documents are reviewed for authenticity.
• User information is compared against international watchlists and sanction databases.
• Additional checks are performed for users flagged as high-risk.

2. Monitoring Transactions

2.1 Activity Analysis

Our platform monitors transactions to detect:

• Patterns that deviate from typical user behavior.
• Transfers involving significant amounts or originating from high-risk jurisdictions.
• Use of anonymization tools, such as mixers or tumblers.

2.2 Suspicious Activity Handling

When a transaction is flagged, p2pchange.is may:

• Pause the transaction temporarily for investigation.
• Request further information or supporting documents from the user.
• Report suspicious activities to relevant regulatory authorities.

3. Documentation for Additional Verification

In cases requiring enhanced due diligence, users must provide:

• A detailed explanation of the transaction’s purpose.
• Documentation supporting the source of funds, such as transaction histories or wallet screenshots.
• A live photo (selfie) holding a government-issued ID and a dated handwritten note.

Failure to provide the required information may result in account suspension or transaction denial.

4. Responsibilities of the AML Team

4.1 Compliance Oversight

The appointed AML Officer is tasked with:

• Reviewing flagged transactions and user activities.
• Ensuring adherence to AML and KYC policies.
• Submitting reports to regulatory bodies when required.

4.2 Training Programs

Employees undergo regular training on AML and KYC requirements to stay updated on legal and industry developments.

5. Data Security and Privacy

• All user data collected during the KYC process is securely stored and protected against unauthorized access.
• Information is retained only for the period mandated by applicable regulations.

6. Communication with Users

Users can reach out to our support team for:

• Clarifications on the verification process.
• Assistance with transactions under review.
• Guidance on avoiding delays in completing exchanges.

7. Policy Amendments

This policy is subject to regular updates to align with evolving regulatory requirements and industry standards. Users are encouraged to review the policy periodically.

Conclusion

By implementing this AML and KYC policy, p2pchange.is fosters a safe and compliant environment for its users. These practices ensure the security and transparency of all activities conducted on the platform, building trust among users and stakeholders.