stealthex
ToS

Instant noncustodial exchange for limitless swaps. Free from registration and does not store user’s funds on the platform.

KYC LEVEL 2

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 Risk-Prevention System May require KYC/SOF by policy/law May block 'suspicious' transactions Refunds may require KYC No registration needed Non-custodial wallet API available Source code is private JavaScript needed
(updated 16 hours ago)
ToS Review ?

Automated, ai-driven monthly ToS reviews.

Last Check: 2024-05-03

Transaction Monitoring

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"

User Identification

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"

Data sharing with authorities

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"

Logging

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"

Blocking of funds

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"

Account termination/blocking

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"

Transaction flagging

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"

Show non-conflictive ToS reviews

3rd Party Data Sharing

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.

Matrix Comments ?

Beware of fake reviews and accounts. Verify user profiles and conduct your own research.