Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy

  • 1. Introduction

    AI Crypto Mining Ltd. ("we", "us", "our") is committed to maintaining the highest standards of compliance with all applicable anti-money laundering (AML) and counter-terrorism financing (CTF) laws. As part of our ongoing efforts to protect the integrity of our platform and prevent illegal activities, we have established an AML and Know Your Customer (KYC) policy.

    This policy outlines the procedures we follow to verify the identity of our users, detect and report suspicious activities, and ensure compliance with relevant regulations.

  • 2. AML/KYC Compliance

    In accordance with applicable laws and regulations, we are required to identify and verify the identity of our users before allowing them to conduct certain transactions. We also monitor transactions to ensure they are not linked to illegal activities, such as money laundering, fraud, or terrorist financing.

    We perform KYC and AML procedures on accounts that meet certain thresholds, and the details of the verification process may vary depending on the nature and size of the transaction.

  • 3. Wallet Monitoring

    To prevent the use of our services for illicit activities, we monitor all cryptocurrency wallets that interact with our platform. This includes scanning all incoming and outgoing transactions for any signs of suspicious or potentially illegal activity. We use various tools and technologies to track the flow of funds and ensure that transactions are compliant with AML regulations.

  • 4. KYC Verification

    We require users to undergo KYC verification once certain deposit thresholds are reached. This process includes verifying the identity of the account holder and may involve collecting the following information:

    Full name
    Date of birth
    Residential address
    Government-issued identification (e.g., passport, national ID, driver’s license)
    Proof of address (e.g., utility bill, bank statement)
    This information is used to confirm your identity and to assess the risk associated with your account. Please note that this information will only be used for the purposes of AML/KYC compliance and will be handled in accordance with our Privacy Policy.

  • 5. Thresholds for KYC

    Once a user reaches certain deposit thresholds or transaction limits, we will initiate the KYC process. These thresholds will be determined at our discretion and are based on the risk profile of the user and applicable regulatory guidelines. If you reach or exceed these thresholds, you will be notified and required to submit the necessary documents to verify your identity.

  • 6. Risk-Based Approach

    Our approach to AML/KYC compliance is risk-based. This means we assess the risk of each transaction and customer individually. Transactions that are large, unusual, or do not fit typical patterns may be subject to additional scrutiny. In some cases, we may request further documentation, additional information, or a more detailed explanation of the transaction.

  • 7. Suspicious Activity Monitoring

    We actively monitor accounts for suspicious activity, including but not limited to:
    Unusually large transactions
    Transactions involving high-risk jurisdictions
    Multiple accounts or wallets being controlled by the same individual or entity
    Transactions involving privacy coins or mixing services
    If we detect any suspicious activity, we may place your account on hold and conduct a thorough investigation. We also reserve the right to report suspicious transactions to relevant authorities in accordance with applicable laws.

  • 8. Reporting and Cooperation with Authorities

    If we suspect that any transaction is linked to money laundering, terrorist financing, or other illegal activities, we are required by law to report this activity to the relevant authorities, including law enforcement agencies. We cooperate fully with all regulatory authorities and will provide them with any information necessary to assist in their investigations.

  • 9. Data Protection and Confidentiality

    We take your privacy seriously. All personal information collected during the KYC process will be securely stored and processed in accordance with our Privacy Policy. We ensure that your data is protected by appropriate security measures and that access to your personal information is limited to authorized personnel only.

  • 10. Non-Compliance

    If you fail to comply with our KYC requests or if we detect any fraudulent activity or violation of our terms, we reserve the right to suspend or terminate your account and confiscate any funds involved in illegal activities. We also have the right to report such actions to the relevant authorities.

  • 11. Updates to this Policy

    We may update this AML/KYC Policy from time to time to ensure compliance with evolving regulations and best practices. Any changes will be posted on our website, and by continuing to use our services, you agree to be bound by the updated policy.

  • 12. Contact Us

    If you have any questions or concerns about our AML/KYC Policy, please contact us at:
    AI Crypto Mining Ltd.
    69 Aberdeen Avenue,
    Cambridge, England, CB2 8DL
    Email: support@aihashminer.com