KYC / AML Policy

1. Overview

Easycryptochain maintains a comprehensive KYC/AML compliance program designed to detect, prevent, and report money laundering, terrorist financing, and other financial crimes. Our program is reviewed and updated regularly in line with regulatory developments.

2. Why We Require KYC

KYC verification allows us to:

• Confirm the identity of our users as required by financial regulations.
• Prevent our platform from being used for money laundering or terrorist financing.
• Protect users by ensuring funds can only be withdrawn to verified accounts.
• Maintain regulatory compliance and our ability to operate legally.

3. KYC Document Requirements

Proof of identity

Any one of the following government-issued documents:

• Passport (all nationalities)
• National identity card
• Driver's licence (with photo)

Proof of address

A document dated within the last 3 months showing your name and residential address:

• Utility bill (electricity, water, gas)
• Bank statement
• Government-issued letter or tax document

Selfie verification

A clear selfie photograph holding your identity document next to your face, taken on the day of application.

4. Verification Levels

We operate a tiered verification system:

• Level 1 (Email verified): Deposit and trade up to $1,000/day. Withdrawal limited to $500/day.
• Level 2 (ID verified): Deposit and trade up to $50,000/day. Withdrawal up to $20,000/day.
• Level 3 (Full KYC): No standard limits. Required for institutional or high-volume accounts.

5. Anti-Money Laundering Program

Our AML program includes:

• Customer due diligence (CDD) and enhanced due diligence (EDD) for high-risk users.
• Ongoing customer risk scoring based on transaction behaviour and profile.
• Prohibition of anonymous accounts and cash transactions.
• AML training for all staff with access to customer data or funds.
• Appointment of a dedicated AML Compliance Officer.

6. Transaction Monitoring

Our systems continuously monitor all transactions for suspicious activity including:

• Unusual transaction volumes or patterns inconsistent with user history.
• Large deposits or withdrawals that exceed normal thresholds without explanation.
• Transactions involving addresses flagged in blockchain forensics databases.
• Rapid cycling of funds (depositing and immediately withdrawing without trading).

7. Sanctions Screening

All users and transactions are screened against international sanctions lists including OFAC, UN, EU, and HM Treasury sanctions databases. Users matching sanctions lists will have their accounts restricted pending review.

8. Reporting Obligations

We are legally required to report suspicious activity to relevant financial intelligence units (FIUs) and law enforcement agencies. We may not be able to inform you that such a report has been filed.

9. Use of KYC Data

KYC documents are used solely for identity verification and regulatory compliance. Documents are stored securely, encrypted at rest, and are not shared with third parties except as required by law. For more information, see our Privacy Policy.

10. Contact Compliance

For KYC/AML enquiries, contact compliance@easycryptochain.com or via our contact page.