Instant swap service, with no mandatory account registration. Fixed and floating rates.
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: 2024-10-15
The service monitors user transactions by analyzing transactional patterns and performs compliance-related tasks such as capturing data and filtering. The company ensures that transactions of a suspicious nature are reported to the proper law enforcement through a Compliance Officer.
ToS section: "2. Monitoring transactions"
Users are required to go through identity verification procedures, providing reliable documents like national ID or passport. Enhanced due diligence is applied to higher-risk customers.
ToS section: "1. Identification and verification procedures"
The service states that it may report transactions of suspicious nature to law enforcement through the Compliance Officer. The Compliance Officer is also responsible for providing law enforcement with information as required.
ToS section: "2. Monitoring transactions; 4. Compliance officer"
The service performs compliance tasks that include record-keeping of transactional data as a part of monitoring and risk assessment.
ToS section: "2. Monitoring transactions"
The service can suspend or terminate a customer’s account if there is reasonable suspicion of illegal activity and reserves the right to refund deposits if customers fail the KYC/AML procedures.
ToS section: "2. Monitoring transactions; 1. Identification and verification procedures"
The company reserves the right to suspend or terminate a customer's account when there is reasonable suspicion of engagement in illegal activity.
ToS section: "2. Monitoring transactions"
The service utilizes data analysis as a risk-assessment and suspicion detection tool to monitor transactions and flag those of suspicious nature for further investigation.
ToS section: "2. Monitoring transactions"
There is no explicit statement regarding sharing user data with third parties in the document provided.
ToS section: "Not explicitly stated"
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