| KYC Level: 1 |
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KYC is rare. LetsExchange does not mention KYC/AML procedures as such, but the service has the right to share acquired data with representatives of the authorities, block funds or reject transactions.
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| KYC-Related Terms of Service |
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6.4. In limited cases (such as to verify your identity in order to pass the AML/KYC procedure), we reserve the right to freeze your exchange transaction for any period of time necessary to complete the investigation and AML/KYC procedure.While the investigation is ongoing, LetsExChange reserves the right to transfer the frozen funds to a cold storage. It would be done for ensuring their safekeeping. |
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10.7. In case a client doesn’t wish to disclose their identity for certain reasons and refuses to provide the documents, the KYC/AML procedure is considered failed and the deposited funds are then refunded to the address (or addresses) the deposit was made from, subtracting the network fees, within 24 hours. Then, CryptoLightHouse reserves the right to blacklist this address (or addresses), thus rendering it (or them) non-eligible for making deposits on the service. |
6.2. By accepting these Terms you agree to pass through the AML/KYC procedure, which may be applied to you or may be requested by LetsExChange at any time.