AML Policy The updated policy came into effect from 07/14/2024 00:00:00 (UTC)
The previous version of the rules can be found at:
https://geeexchange.com/ru/amlOutdated/ This anti-money laundering policy is aimed at detecting transactions related to the financing of terrorism, laundering of criminal proceeds, as well as other illegal activities, and is intended to prevent and mitigate any possible risks for the GeeExchange Service that could involve GeeExchange in any illegal activities.
To identify such transactions, the exchange service Geeexchange.com uses the
AML Bot service.
In any case, if:
- The AML risk for the transaction exceeds
70% - Below are all entities, association with which will result in the transaction being frozen and require KYC verification of the client: Sanctions; Terrorism; Darknet; Ransomware/Malware; Mixing; Child Abuse; Stolen Funds; Scam/Fraud; Protocol Privacy; Bridge; Decentralized Exchange; Gambling
- Connections with sanctioned platforms such as: grinex.io; bitpapa.com; capitalist.net; nobitex.ir and any Iranian or other platforms from sanctioned countries; rapira.net; meer.kg; 1xbet and all related entities; Aifory.pro; terminal.cash; SkyCrypto.net; FlashObmen.com; 60cek.net; hd-change.com; CoinBlinker.com; Metka.cc; AlfaBit.org; Heleket; Garantex; Hydra; Blender.io; Lazarus Group; Genesis Market; ChipMixer; Shinbad; Bitzlato; netex24.net; BTC-e / FinCEN
!and many other platforms! (unfortunately, we cannot list all mixers, darknet marketplaces, and gambling platforms) are detected in the chain of funds
- The address is on a certain blacklist
- Suspicious activity is detected, such as splitting the amount from one wallet. The highest risk starts from the 5th exchange.
The GeeExchange Service reserves the right to take the following actions, depending on the situation:
- suspension of the transaction;
- return of funds to the wallet specified by the user, minus the transfer commission; if the return of funds requires an additional commission, the user will be required to transfer the commission to the Service's wallet so that the Service can return the user's funds; - request from the user photo images with a document confirming the user's identity: a photograph with an open passport, where the user's photograph and full name are clearly visible, a scan or photographs of passport pages (first, second pages, as well as the page with registration) in good quality, with easily readable data indicated in it;
- request from the user video images in which the user who sent the funds, with the passport in hand, open on the page where the user's full name and photograph are clearly visible, confirms: the creation of the order (indicating the order ID/number) on the GeeExchange service by them, and that the funds sent by them are their personal funds and they bear full legal responsibility for these funds, and also indicate the source of these funds;
- request from the user a video image taken from the platform from which the funds were sent, demonstrating the hash, sender and recipient address, amount with ticker and transaction date - the duration of this video should be at least 10 seconds;
- request from the user a screenshot of the payment transaction from the personal account/wallet/application or any other interface;
- request from the user other materials, documents, and data related to the exchange;
- blocking of the account and any operations related to this user, transfer of data to financial activity control and/or law enforcement authorities at the place of registration of the Service;
- retention of user funds until the full completion of the incident investigation;
- return of digital assets only to the details from which the transfer was made or switching to other details after a full check by the Service's security service if it was possible to verify the legality of the user's funds;
- non-return of user funds if the user does not provide the requested information and does not respond to the Service's requests within 6 calendar months.
To prevent illegal operations, the GeeExchange Service establishes the following requirements for all orders created by the user:
- the sender and recipient of the payment for the order must be the same person. Transfers in favor of third parties using the Service are strictly prohibited;
- all contact details entered by the user in the order, as well as other personal data provided by the user to the Service, must be current and fully accurate;
- it is strictly forbidden to create orders using anonymous proxy servers, VPN, Tor, or any other anonymous Internet connections.
