KYT/AML (Know Your Transaction) Policy

The KYT/AML (Know Your Transaction) policy is aimed at identifying the client of a transaction in the event of a precedent where the Service has reasonable suspicions that the Client is using Perfect-change.com for other purposes.

Procedures and methods

The purpose of the comprehensive anti-money laundering measures and procedures that Perfect-change.com uses to verify such transactions is to ensure that clients using Perfect-change.com’s services are identified using a uniform standard. This minimizes both your own risks and the risks of legitimate clients being involved in illegal activities by third parties.

To minimize the risks associated with money laundering and terrorist financing, we strictly do not accept or send payments to third parties (i.e., unidentified parties). Each client with their own account may send or receive payments only using their own accounts, whether these are electronic payment systеm accounts, bank accounts, or credit/debit cards. We reserve the right to refuse to process transactions at any stage if we suspect that the transaction is in any way connected to money laundering or criminal activity.

Such a precedent may arise if the Service suspects the Client of illegal activities that could be classified as laundering or attempted laundering of illegally obtained digital assets, or if the funds are of clearly criminal origin. For these purposes, the Service reserves the right to use any legal information, third-party digital asset origin analysis tools, and its own screening systеm.

Even the minimal presence of high-risk tags such as (Child Exploitation, Darknet Marketplace, Darknet service, Enforcement Action, Fraudulent Exchange, Illegal Service, Mixing Service, Ransom, Sanctions, Scam, Stolen Coins, Terrorism, Financing, Gambling) can lead to the transaction being stopped and verified.

As part of the verification process, the Perfect-change.com Service may require:

• Request that the Client provide additional information disclosing the origin of digital assets and/or confirmation that these assets were not obtained through criminal means. Request screenshots of transaction history, confirmation of exchange transactions, a description of the origin of funds, and other documents confirming the legality of the funds.
• Block the account and any transactions related to the client until the incident is fully investigated.
• Require the Client to provide documents confirming identity (passport/ID/driver’s license), physical existence, registration address, and solvency.
• After successfully completing KYC, digital assets will be returned within 7 days to the original account from which the transfer was made, or transferred to other account details after a full verification by the Service’s security service.
• Refunds are made minus network fees.
• Hold the client’s funds until the incident is fully investigated.

The Service reserves the right to:

• Monitor the entire transaction chain to identify suspicious transactions.
• Refuse to provide the Client with the service if the Service has reasonable suspicions about the legality of the origin of digital assets and withhold funds in special accounts of the Service.
• Do not disclose information about the methods and results of the inspection.
• To carry out the KYC procedure, the service has the right to engage third-party specialized services (third parties).

If a client refuses to provide the information required for verification, the service cannot complete the mandatory compliance analysis procedure. In such cases, transactions with funds may be restricted or suspended until the verification is completed, as processing a transaction without complying with AML control requirements may result in a breach of regulatory obligations.