AML & KYC Policy for Crypto Platforms

Introduction

Black Bit Rock is committed to preventing money laundering (AML) and ensuring compliance with Know Your Customer (KYC) regulations. Our policies are designed to protect our users and the integrity of the cryptocurrency ecosystem.


Purpose

The purpose of this policy is to establish procedures for identifying and verifying the identity of our customers, detecting and reporting suspicious activities, and ensuring compliance with applicable laws and regulations.


Customer Identification

All users must provide valid identification documents to create an account. This includes, but is not limited to:

  • Government-issued photo ID (e.g., passport, driver’s license)
  • Proof of address (e.g., utility bill, bank statement)

Verification Process

Upon submission of identification documents, our team will verify the information through secure and reliable methods. Verification may take up to [insert time frame], and users will be notified of the outcome.


Risk Assessment

We conduct a risk assessment of all customers based on various factors, including transaction history, geographic location, and the nature of the business. Higher-risk accounts may be subject to enhanced due diligence measures.


Monitoring Transactions

Black Bit Rock continuously monitors transactions for unusual or suspicious activities. Any transaction deemed suspicious will be investigated and reported to the appropriate authorities, as required by law.


Reporting Obligations

We are committed to reporting any suspicious activities to relevant authorities in compliance with local and international AML regulations.


Data Protection

All customer information collected for AML and KYC purposes will be stored securely and handled in accordance with data protection regulations. We will not share your personal information with third parties without your consent, except as required by law.


Policy Review

This AML and KYC policy will be reviewed and updated regularly to ensure compliance with evolving regulations and best practices in the industry.


Contact Information

For any questions regarding our AML and KYC policy, please contact our support team at info@blackbitrock.com

By using our platform, you acknowledge and agree to comply with our AML and KYC policies. Thank you for helping us maintain a secure trading environment.