Last Updated: October 24, 2025
1. Introduction to AML Policy
ChainProfit is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. We have implemented a comprehensive framework to prevent our platform from being used for illicit activities. This policy outlines our procedures for detecting, preventing, and reporting suspicious activities.
2. Know Your Customer (KYC)
To comply with regulatory requirements, we enforce strict KYC procedures. All users must verify their identity before they can withdraw funds or access higher investment tiers. Our KYC process includes:
- Collection of personal identification information (Full Name, Date of Birth, Address).
- Verification of identity via government-issued documents (Passport, Driver's License, National ID).
- Verification of proof of address (Utility Bill, Bank Statement dated within the last 3 months).
- Enhanced Due Diligence (EDD) for high-value transactions or high-risk jurisdictions.
3. Transaction Monitoring
We employ advanced automated systems and manual oversight to monitor transactions in real-time. This helps us identify:
- Unusual transaction patterns or volumes that do not match a user's profile.
- Transactions involving high-risk countries or sanctioned entities.
- Structuring or "smurfing" attempts to evade reporting thresholds.
- Rapid movement of funds in and out of accounts without clear economic purpose.
4. Reporting Suspicious Activity
If our compliance team identifies any suspicious activity, we are legally obligated to report it to the relevant financial intelligence authorities. We file Suspicious Activity Reports (SARs) confidentially and will not disclose the filing to the user involved, in accordance with "tipping off" regulations.
5. Sanctions Screening
ChainProfit screens all users against international sanctions lists, including those maintained by the UN, EU, UK Treasury (OFSI), and US Treasury (OFAC). We do not open accounts for or process transactions involving individuals or entities on these lists.
6. Record Keeping
We maintain records of all identification data obtained through the KYC process and all transaction data for a minimum period of five (5) years. This ensures that we can comply with any requests from law enforcement or regulatory bodies.
7. Training and Awareness
All ChainProfit employees undergo regular AML/CTF training to ensure they are aware of their obligations and can recognize red flags associated with money laundering and terrorist financing.
8. Policy Updates
This AML Policy is reviewed regularly and updated to reflect changes in laws, regulations, and industry best practices. Continued use of our services constitutes acceptance of any revised policies.
9. Contact Compliance
If you have any questions regarding our AML compliance or need to report suspicious activity, please contact our Compliance Officer at compliance@chainprofit.com.