Anti-Money Laundering (AML) Policy

1. Introduction

FX Cartel is committed to the highest standards of Anti-Money Laundering (AML) compliance. This policy outlines our commitment to preventing our platform from being used for money laundering or terrorist financing activities.

2. Policy Statement

We are committed to complying with all applicable laws and regulations related to the prevention of money laundering and terrorist financing. We have implemented procedures and controls designed to ensure compliance with these requirements.

3. Customer Due Diligence

We perform appropriate customer due diligence measures, including:

• Verifying customer identity through email confirmation
• Monitoring transactions for unusual or suspicious activity
• Keeping records of customer information and transactions
• Utilizing secure payment processors with their own AML controls

4. Payment Processing

All payments are processed through reputable third-party payment processors (Stripe and Coinbase Commerce) who maintain their own robust AML and KYC (Know Your Customer) procedures. We do not handle or store payment card information directly.

5. Cryptocurrency Payments

For cryptocurrency payments processed through Coinbase Commerce, additional verification may be required. We reserve the right to request additional information or documentation for large or unusual transactions.

6. Suspicious Activity

We actively monitor for and may report suspicious activity, including but not limited to:

• Multiple purchases using different payment methods or accounts
• Attempts to circumvent transaction limits
• Use of anonymous or privacy-focused payment methods
• Requests for unusual payment arrangements
• Activity inconsistent with the customer's profile

7. Record Keeping

We maintain records of all transactions and customer information for the period required by applicable law. These records are kept secure and confidential.

8. Staff Training

Our team members are trained to recognize and report suspicious activities. We maintain ongoing awareness of AML requirements and update our procedures as needed.

9. Cooperation with Authorities

We cooperate fully with law enforcement and regulatory authorities in their efforts to prevent money laundering and terrorist financing. We will provide information and documentation as required by law.

10. Policy Updates

This AML policy is reviewed and updated periodically to ensure it remains effective and compliant with current regulations.

11. Contact

If you have any questions about this AML Policy, please contact us at support@fxcartel.com.