Anti-Money Laundering

1. Purpose

This Anti-Money Laundering ("AML") Policy sets out how KYX Labs ("KYX") prevents, detects, and reports activity that may involve money laundering, terrorist financing, or other financial crime.

It reflects international best practices, including risk-based principles consistent with FATF recommendations.

2. KYX AML Commitment

KYX is committed to maintaining a robust compliance culture and to operating its platform responsibly across the jurisdictions it serves.

We prohibit the use of KYX for any illegal activity and cooperate fully with lawful requests from competent authorities.

3. Customer Due Diligence

We apply risk-based customer due diligence ("CDD") when establishing and maintaining relationships with users.

Enhanced due diligence ("EDD") is applied to higher-risk situations, which may include additional verification and closer monitoring.

4. Identity Verification

Where required, users must complete identity verification (KYC) before accessing certain features, including withdrawals above defined thresholds.

We may request government-issued identification, proof of address, and other information to confirm identity.

5. Monitoring Transactions

KYX monitors platform activity for unusual or suspicious patterns using automated and manual controls.

Transactions inconsistent with a user's expected profile may trigger additional review, information requests, or temporary restrictions.

6. Suspicious Activity Reporting

Where we identify activity that may indicate money laundering or financial crime, we file reports with the appropriate authorities as required by law.

Users are not notified when a report is made, in line with applicable "tipping off" restrictions.

7. Compliance Program

Our program includes designated compliance responsibility, internal controls, ongoing training, and periodic independent review.

8. Risk Assessment

We conduct ongoing risk assessments covering customers, products, geographies, and delivery channels, and update controls accordingly.

9. Record Keeping

We retain verification records, transaction data, and related documentation for the periods required by applicable law.

10. Regulatory Cooperation

KYX cooperates with regulators and law enforcement and responds to lawful requests, including freezing or reporting obligations where applicable.

For AML-related enquiries, contact us at compliance@kyxlabs.com.