AML/KYC
Last Updated: January, 2020
AML refers to "Anti-Money Laundering". KYC refers to "Know Your Customer".
Introduction
We strive to protect our Users from fraudulent and scam activities in the crypto
assets sphere. It is possible, that certain crypto assets are used for scam or any
other criminal activity, as defined by law. In order to prevent this, it is necessary to
take measures to ensure customer verification and security of financial transactions.
One of the best measures is AML/KYC procedure, which allows us to confirm, that
you are a law-abiding individual or corporation.
Izikjon service has a risk scoring system that is able to spot suspicious activity. If a
transaction is flagged by the system, it is put on hold and the User is asked to pass
AML & KYС verification. For the reasons of security, we are not able to disclose
specific criteria of our system, however, it has proven to be very effective against
money launderers, scammers etc.
Izikjon service reserves the right to apply the AML/KYC procedure to certain Users,
addresses and particular transactions of crypto assets. Application of the AML/KYC
procedure is based on Izikjon service internal policies and aimed at preventing and
mitigating possible risks of Izikjon service being involved in money laundering as well
as any other illegal activities.
Please be informed, that Izikjon service reserves the right to appoint Third-party
service provider in order to fulfil AML/KYC procedure on behalf of Izikjon service.
While processing your information, such service provider completely complies our
Privacy Policy in respect of your personal information.
Izikjon service can provide the information collected during AML/KYC procedure to
the competent authorities upon legitimate request.
Izikjon service will not enter a business arrangement with individual or entity
suspected of or directly involved in money laundering, or in which the funds have
been the source of illegal activity.
AML and KYC Procedure
AML/KYC procedure might be applied in respect to those crypto assets paying,
which are determined by our automated risk prevention system as suspicious. In
these cases, Izikjon service will contact the User by email registered with account.
AML/KYC procedure includes confirming the identity of Users by means of:
1. A high-quality photo of their ID (passport or driving license) valid in their
country;
2. Proof of the origin of funds;
3. Any other applicable documentation.
Upon successful completion of the AML & KYC verification, the transaction that was
put on hold will be processed.
In response to Izikjon request for a user’s documentation, Izikjon service takes all
possible measures to recognize the deceptive documentation or other false
information and reserves the right to investigate certain Users or transactions which
have been detected to be risky or suspicious.
If there is any reasonable doubt that any information provided by User is wrong,
untruthful, outdated or incomplete, Izikjon service has the right to send User a notice
to demand corrections or terminate all of the Services to the User.
Disclaimer
Izikjon service keeps working on quick and transparent procedures updates that may
be delivered to our Users via email and other means as well as on our website
Izikjon.com.
Contact Us
If you have any questions about AML/KYC procedure, please contact us