KYT/AML Policy
The Anti-Money Laundering (AML) Policy is a comprehensive systеm of measures aimed at preventing the laundering of proceeds from crime and blocking the financing of terrorism.
The KYT (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 inappropriately. Purpose.
Procedures and Methods
Financial services and payment providers are required to conduct customer identification (KYC) and source of funds verification procedures in cases where a transaction has high-risk characteristics. These requirements are enshrined in international anti-money laundering standards, including the recommendations of the Financial Action Task Force (FATF).
The purpose of the KYC/AML measures and procedures that Perfect-change.com uses to verify such transactions is to ensure that customers using Perfect-change.com’s services are identified in the same way and using a single standard. This minimizes both your own risks and the risks of legitimate clients being involved in the illegal actions of third parties.
To verify transactions, we use the Getblock
As part of the verification process, Perfect-change.com may require:
- Require the Client to 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.
- Require the Client to provide documents confirming identity (passport / ID / driver’s license), physical existence, registered address, and solvency.
- After successfully completing KYC, digital assets are returned to the 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.
If the Client refuses to provide the information required for verification, funds may be refunded to the account from which the transfer was made. Refunds are made minus network fees.
The Service reserves the right to:
- Monitor the entire transaction chain to identify suspicious transactions.
- Do not disclose information about verification methods and results.
- To conduct the KYC procedure, the Service reserves the right to engage specialized third-party services (third parties).
- Hold client funds until the incident is fully investigated.
The service does not support transactions with a risk higher than 50%, also the minimum content of high-risk labels such as (Child Exploitation, Darknet Marketplace, Darknet service, Enforcement Action, Fraudulent Exchange, Illegal Service, Mixing Service, Ransom, Sanctions, Scam, Stolen Coins, Terrorism, Financing, Gambling) may lead to the transaction being stopped and verified.
