TouchPay.Exchange AML Policy
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1. Introduction
At TouchPay.Exchange, we are committed to upholding the highest standards of
Anti-Money Laundering (AML) compliance. As a global exchange supporting electronic currency,
cryptocurrency, and fiat currency, we take a strong stance against financial crime, regulatory violations, and fraud.
Our AML framework is built to:
- Detect, prevent, and report suspicious activities
- Promote a safe and transparent financial ecosystem
- Comply with evolving international AML regulations
2. Regulatory Compliance
We operate in strict accordance with global AML frameworks, including:
- FATF Guidelines (Financial Action Task Force)
- EU’s 5AMLD & 6AMLD (Anti-Money Laundering Directives)
- Bank Secrecy Act (BSA) & FinCEN Regulations (USA)
- United Nations Convention Against Transnational Organized Crime
- Virtual Asset Service Provider (VASP) Compliance Frameworks
We continuously updаte our compliance framework to reflect changing global standards and local laws.
3. AML Measures & Risk-Based Approach
Our AML measures inсlude:
- Transaction Monitoring
- Automated analysis of transaction patterns
- Real-time tracking of high-risk and large-volume transfers
- Flagging & reporting suspicious activities to relevant authorities
- Suspicious Activity Reporting (SAR)
- Flagged transactions are reported to regulators and law enforcement
- Users may be subjected to enhanced due diligence (EDD) or restrictions
- Sanctions Screening & PEP Checks
- Screening against OFAC, EU, UN, and other global lists
- Politically Exposed Persons (PEPs) undergo additional scrutiny
- Enhanced Due Diligence (EDD)
- High-risk users must provide proof of income and source of funds
- Ongoing behavior and transaction analysis
4. Prohibited Activities
TouchPay.Exchange strictly prohibits:
- Money laundering & terrorist financing
- Fraudulent transactions & identity theft
- Use of anonymous or high-risk payment methods
- Engagement with sanctioned individuals or entities
Violations result in account suspension and legal action.
5. Compliance Enforcement
Our dedicated AML Compliance Team ensures regulatory alignment through:
- Regular audits
- Employee training
- Technology-driven compliance tools
To report suspicious activity, contact: [email protected]
TouchPay.Exchange KYC Policy
1. Introduction
At TouchPay.Exchange, we prioritize Know Your Customer (KYC) compliance
to ensure secure and transparent financial transactions.
Our KYC policy is designed to:
- Verify user identities
- Prevent fraud
- Maintain global regulatory compliance
2. KYC Verification Process
- Identity Verification:
- Submission of government-issued ID (passport, national ID, or driver’s license)
- AI-based document checks to prevent identity fraud
- Address Verification:
- Upload of utility bill or bank statement
- Geolocation checks for fraud prevention
- Biometric Authentication:
- Facial recognition and liveness detection
- Secure data storage compliant with GDPR
- Enhanced Due Diligence (EDD):
- Additional documentation for high-risk users
- Ongoing behavior monitoring
3. Ongoing Monitoring & Compliance
- Automated Risk Scoring: Assigns user risk levels for proper scrutiny
- Behavioral Analysis: Detects unusual patterns using AI
- Periodic Reverification: Ensures data accuracy and compliance over time
4. Data Protection & Confidentiality
User privacy is paramount. We comply with GDPR and relevant data laws.
Personal data is never shared with third parties unless required by law.
5. Compliance & Enforcement
Users must complete KYC to access our services. Non-compliance may lead to restrictions.
6. Conclusion
TouchPay.Exchange is committed to maintaining a secure, transparent, and compliant
environment by adhering to strong AML and KYC policies.
For inquiries, contact our Compliance Team at [email protected]
