AML Policy
Anti-Money Laundering Policy (AML Policy)
1. General Provisions This Anti-Money Laundering Policy (AML Policy) describes the procedures and mechanisms implemented by FastEx to prevent money laundering and the financing of terrorism. strictly adheres to international AML/KYC standards and warns users against any attempt to use the service for: ● laundering proceeds of crime; ● financing terrorism; ● any other illegal or fraudulent activity; ● purchasing or selling prohibited goods or services. Money laundering (AML) refers to the concealment of the illegal origin of funds by converting them into assets that appear legitimate. FastEx does not cooperate with entities or platforms associated with criminal activity. 2. High-Risk Platforms FastEx does not accept funds originating from high-risk or prohibited platforms, including but not limited to: Stake, OMG!OMG!, MEGA DARKNET MARKET, DoubleWay, Garantex, 1xBit, Primedice, Wasabi Wallet, Darknetone, Bitzlato, DuckDice, BTC-e, Chiper Mixer, DuelBits, Commex, FreeBitcoin, Gandhiji.io, Hydra, NVSPC, Roobet, Tornado, WEX Exchange, Yolo Group, Black Sprut, Capitalist, Bitpapa.com, NetEx24.net. Funds sent to our exchanger from any of the above-mentioned services will be blocked, and the client will be required to complete Know Your Customer (KYC) verification. 3. User Requirements
To prevent unlawful activities, FastEx establishes the following mandatory rules: ● The sender and recipient of funds in a single transaction must be the same person. ● Transfers to third parties are strictly prohibited. ● All data provided by the user (contact and personal information) must be accurate and up to date. ● Use of anonymous proxy servers or any other methods of anonymous Internet access is strictly prohibited. 4. AML Policy Principles The FastEx service: ● does not engage in business with known criminals or terrorists; ● does not process transactions connected to criminal or terrorist activity; ● does not facilitate any dealings linked to illegal or terrorist-related sources of funds; reserves the right to restrict or prohibit service use by citizens of the following countries: Afghanistan, Russian Federation, Bosnia and Herzegovina, United States, North Korea, Democratic Republic of the Congo, Eritrea, Ethiopia, Guyana, Iran, Iraq, Lao People’s Democratic Republic, Libya, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, Vanuatu. 5. Verification and Identification Procedures (KYC) In accordance with AML compliance requirements, FastEx implements Know Your Customer (KYC) procedures: 1. AML Transaction Screening. If a transaction fails AML verification, the user must complete identity verification by providing one of the following documents: ● a national passport or identification card. 2. Additional Verification. When necessary, the service may request: ● a bank statement or utility bill issued within the last 3 months, showing the user’s full name and residential address; ● photo or video verification if there are doubts regarding the authenticity of the provided information. 3. Document Authenticity Verification. FastEx verifies the authenticity of all documents provided by users and may request updated documents if: ● the user’s identification information has changed; ● the user’s activity appears suspicious. All collected personal data are processed and stored strictly in accordance with the FastEx Privacy Policy. 6. AML Compliance Officer The AML Compliance Officer is an authorized FastEx employee responsible for enforcing this Policy. Their duties include: ● collecting and transferring user identification data to the authorized data processing agent; ● developing and maintaining internal AML policies and procedures; ● monitoring transactions and detecting unusual activity; ● organizing secure recordkeeping and document management systems; ● regularly assessing and updating risk levels; ● cooperating with law enforcement and regulatory authorities on AML/CTF matters. 7. Transaction Monitoring and Risk Assessment FastEx continuously monitors user transactions to identify suspicious activity and assess risks. In the event of suspected money laundering, the service reserves the right to: ● suspend or cancel an exchange transaction; ● freeze assets until the circumstances are clarified; ● request additional documents or information from the user; ● report suspicious activities to relevant authorities; ● return funds to the user in accordance with the User Agreement. The above list is not exhaustive. FastEx applies a risk-based approach to AML and counter-terrorism financing (CTF), ensuring that the intensity of preventive measures corresponds to the identified level of risk. ✅ This AML Policy is mandatory for all FastEx users. By using the service, the user confirms their acceptance of and compliance with these terms.
1. General Provisions This Anti-Money Laundering Policy (AML Policy) describes the procedures and mechanisms implemented by FastEx to prevent money laundering and the financing of terrorism. strictly adheres to international AML/KYC standards and warns users against any attempt to use the service for: ● laundering proceeds of crime; ● financing terrorism; ● any other illegal or fraudulent activity; ● purchasing or selling prohibited goods or services. Money laundering (AML) refers to the concealment of the illegal origin of funds by converting them into assets that appear legitimate. FastEx does not cooperate with entities or platforms associated with criminal activity. 2. High-Risk Platforms FastEx does not accept funds originating from high-risk or prohibited platforms, including but not limited to: Stake, OMG!OMG!, MEGA DARKNET MARKET, DoubleWay, Garantex, 1xBit, Primedice, Wasabi Wallet, Darknetone, Bitzlato, DuckDice, BTC-e, Chiper Mixer, DuelBits, Commex, FreeBitcoin, Gandhiji.io, Hydra, NVSPC, Roobet, Tornado, WEX Exchange, Yolo Group, Black Sprut, Capitalist, Bitpapa.com, NetEx24.net. Funds sent to our exchanger from any of the above-mentioned services will be blocked, and the client will be required to complete Know Your Customer (KYC) verification. 3. User Requirements
To prevent unlawful activities, FastEx establishes the following mandatory rules: ● The sender and recipient of funds in a single transaction must be the same person. ● Transfers to third parties are strictly prohibited. ● All data provided by the user (contact and personal information) must be accurate and up to date. ● Use of anonymous proxy servers or any other methods of anonymous Internet access is strictly prohibited. 4. AML Policy Principles The FastEx service: ● does not engage in business with known criminals or terrorists; ● does not process transactions connected to criminal or terrorist activity; ● does not facilitate any dealings linked to illegal or terrorist-related sources of funds; reserves the right to restrict or prohibit service use by citizens of the following countries: Afghanistan, Russian Federation, Bosnia and Herzegovina, United States, North Korea, Democratic Republic of the Congo, Eritrea, Ethiopia, Guyana, Iran, Iraq, Lao People’s Democratic Republic, Libya, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, Vanuatu. 5. Verification and Identification Procedures (KYC) In accordance with AML compliance requirements, FastEx implements Know Your Customer (KYC) procedures: 1. AML Transaction Screening. If a transaction fails AML verification, the user must complete identity verification by providing one of the following documents: ● a national passport or identification card. 2. Additional Verification. When necessary, the service may request: ● a bank statement or utility bill issued within the last 3 months, showing the user’s full name and residential address; ● photo or video verification if there are doubts regarding the authenticity of the provided information. 3. Document Authenticity Verification. FastEx verifies the authenticity of all documents provided by users and may request updated documents if: ● the user’s identification information has changed; ● the user’s activity appears suspicious. All collected personal data are processed and stored strictly in accordance with the FastEx Privacy Policy. 6. AML Compliance Officer The AML Compliance Officer is an authorized FastEx employee responsible for enforcing this Policy. Their duties include: ● collecting and transferring user identification data to the authorized data processing agent; ● developing and maintaining internal AML policies and procedures; ● monitoring transactions and detecting unusual activity; ● organizing secure recordkeeping and document management systems; ● regularly assessing and updating risk levels; ● cooperating with law enforcement and regulatory authorities on AML/CTF matters. 7. Transaction Monitoring and Risk Assessment FastEx continuously monitors user transactions to identify suspicious activity and assess risks. In the event of suspected money laundering, the service reserves the right to: ● suspend or cancel an exchange transaction; ● freeze assets until the circumstances are clarified; ● request additional documents or information from the user; ● report suspicious activities to relevant authorities; ● return funds to the user in accordance with the User Agreement. The above list is not exhaustive. FastEx applies a risk-based approach to AML and counter-terrorism financing (CTF), ensuring that the intensity of preventive measures corresponds to the identified level of risk. ✅ This AML Policy is mandatory for all FastEx users. By using the service, the user confirms their acceptance of and compliance with these terms.