AML Policy of XV1 Exchange
EVERYTHING you need to know about XV1 Exchange's identity verification and AML policies.
Anti Money Laundering (AML) - is a set of policies, procedures and measures that an organization takes to prevent the use of their services for illegal financial transactions.
The Administration of the XV1 Exchange Service, in connection with the danger of crimes related to money laundering and terrorist financing, has developed a policy to detect such transactions and other illegal activities.
The XV1 Exchange service uses the web.amlbot.com service to determine such transactions. If the AML risk for a transaction exceeds the minimum threshold, or if there are high-risk funds (these are Dark Market, Sanctions, Stolen Coins, Scam, etc.)
IF the risk of an AML transaction exceeds 50%, the service reserves the right to:
- Suspend the transaction for a period of 14 days, or continue using the funds for a full study.
- Ask the User for a photo or video with a document confirming the User's identity.
- Request from the User a Screenshot or Video from the personal account of the wallet to withdraw cryptocurrency.
- Return digital assets only to the details, while the transfer was made, or to other details after a full check of the Service's security service and verification of the User.
- Request other materials from Users and demand applications.
- Refuse the Client to withdraw funds to the account of third parties without explanation.
- The return will be processed by the Service within 14 (fourteen) calendar days, depending on the date the User was notified given that the Service regarding his return request.
When making a refund, after passing the check (verification), the User is obliged to provide details for the refund. The refund fee is deducted from the client's funds. If the User does not provide the requested information and does not respond to service requests within 3 calendar months, the held messages will not be returned.
ID verification
We can verify the identity of the User in some cases in order to make our service more secure and reliable, as well as in accordance with the law on combating money laundering and the law on countering the financing of terrorism. You agree that you are going through the identity verification process at our request.
- Passport (main page)
- Passport (second page)
- Document confirming the address of residence (registration in the passport, bank statement, utility bill etc.)
ALL DOCUMENTS ARE STORED FOR 14 DAYS AND PROTECTED BY OUR SECURITY SERVICE.