Almazex AML and KYC Policy

This Anti-Money Laundering Policy (AML) governs the activities of Almazex, aimed at preventing money laundering and the financing of terrorist activities.

Almazex’s AML approach assumes that transactions with a risk level exceeding 50% are considered suspicious. Automated tools such as AML bot and Getblock are used for their analysis.

The company complies with all applicable legal regulations and is committed to blocking or rejecting transactions that exhibit signs of suspicious activity.

The primary goal of Almazex is to ensure user security and prevent financial crimes.

1. Key Terms

1.1. Almazex Service – an online platform for exchanging, buying, and selling digital assets and electronic money.

1.2. Website – the official website of the service, almazex.com.

1.3. User – an individual using the service and agreeing to the Privacy Policy and Cookie Policy.

1.4. Digital Currency – cryptocurrencies or other currencies based on blockchain technology.

1.5. Electronic Currency – funds held in electronic payment systems.

1.6. Fiat Currency – national currencies whose value is established by the government.

1.7. Card Verification – a one-time procedure confirming ownership of a payment card.

1.8. Money Laundering – actions aimed at legitimizing funds obtained through illegal activities.

1.9. Terrorist Financing – providing or collecting funds to support terrorist activities.

2. AML Compliance Measures

Almazex implements a comprehensive set of measures in accordance with national laws and international standards, including FATF requirements.

2.1. KYC Policy (Know Your Customer)

To verify a user’s identity, Almazex may request:

A photo with an identity document (passport, driver’s license, etc.);
Proof of address, such as utility bills or bank statements;
A copy of a bank card with the CVV code covered and part of the number hidden.

The service verifies submitted data using internal and external sources and may request additional documents in case of suspicious activity.

2.2. Continuous Transaction Monitoring

All transactions are analyzed to detect suspicious actions. The service prohibits transactions from third parties using a client’s account.

2.3. Employee Training

Almazex regularly trains its staff on AML compliance requirements.

2.4. Cooperation with Government Authorities

The company undertakes to provide information to law enforcement authorities when required by law.

2.5. Software Security Enhancement

The service continually improves its technological infrastructure to prevent unauthorized access.

2.6. Verification of Source of Funds

Almazex reserves the right to request documents confirming the origin of fiat or digital assets, including bank statements or transaction records.

3. KYT Policy (Know Your Transaction)

The KYT policy enables the evaluation of cryptocurrency transactions for suspicious activities. If indications of illegal activity are detected, the service reserves the right to:

Request documents confirming the legitimacy of the funds’ origin;
Block the account and forward information to law enforcement authorities;
Reject transactions, including withdrawals to third parties;
Withhold client assets until the verification process is completed.

Refund procedure after verification:

Refunds are processed minus a fee of up to 5% of the transaction amount;
The process is completed within 7 calendar days after notifying the client.

This approach helps Almazex minimize the risks of financial crimes and ensure the protection of its users.

AML and KYC - Policy

Almazex AML and KYC Policy

1. Key Terms

2. AML Compliance Measures

3. KYT Policy (Know Your Transaction)