Instant noncustodial exchange for limitless swaps. Free from registration and does not store user’s funds on the platform.
Instant noncustodial exchange for limitless swaps. Free from registration and does not store user’s funds on the platform.
The exchange may request KYC from any user at any time, typically triggered by an automated flag system, leading to a temporary block of funds.
Automated, ai-driven monthly ToS reviews.
Last Check: 2024-05-03
Section 5.8 states that the company conducts ongoing monitoring of transactions made in the business relationship to ensure they are consistent with the company's knowledge of the client and their risk profile. Additionally, section 5.12 lists indicators that may point to money laundering or terrorist financing, which would trigger further monitoring and potential reporting to authorities.
ToS section: "5.8, 5.12"
Sections 6 and 7 detail the normal due diligence measures required to identify and verify the identity of clients, both natural persons and legal entities, before establishing a business relationship. This includes obtaining identification documents and verifying information against independent sources.
ToS section: "6, 7"
Section 13.2 states that the compliance officer must report suspicious transactions or activities related to potential money laundering or terrorist financing to the relevant authorities, providing any requested documents or information.
ToS section: "13.2"
Sections 12.4 and 12.5 require the company to record and retain data on transactions, including transaction dates, amounts, account numbers, as well as correspondence with clients. Section 12.6 mandates this data be stored for at least 5 years after termination of the business relationship.
ToS section: "12.4, 12.5, 12.6"
Section 13.3.2 states that the company can extraordinarily and unilaterally terminate the business relationship without notice if the client's e-resident digital identity is refused, suspended or declared invalid based on applicable laws. This implies the ability to block or freeze the associated funds.
ToS section: "13.3.2"
Sections 13.3.1 and 13.3.3 allow the company to postpone or refuse transactions if the client does not provide required documentation or information for due diligence purposes. Section 13.3.3 also permits terminating the business relationship entirely if the client refuses to provide such information, which would block the associated account.
ToS section: "13.3.1, 13.3.3"
Section 5.12 lists indicators that may refer to potential money laundering or terrorist financing activities. If these indicators are present, the representative must notify the compliance officer, who then decides whether to report the suspicious activities to the authorities as per section 13.2.
ToS section: "5.12, 13.2"
The terms do not explicitly state whether or not user data is shared with third parties. There are no statements found indicating data sharing with external parties.
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