Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy

Ant.Exchange complies with both international and local regulations by implementing effective internal procedures to prevent illegal activities. The service adheres to Anti-Money Laundering (AML) practices and the Know Your Customer (KYC) policy.

1. Verification Procedures

1.1. Identity Verification

For Individuals:

Identity Confirmation: Users must provide one of the following:
- National passport
- International passport
- ID card
Address Confirmation: Users must provide one of the following documents showing their actual residence address:
- Bank statement
- Utility bill
- Tax documents
- Document issued by local authorities

For Corporate Clients:

Director's Identity Confirmation: Provide one of the following:
- National passport
- International passport
- ID card
Address Confirmation: As above for individuals.
Authorized Representative Verification: Provide all of the following:
- Document confirming the company's legal address
- Legal entity registration document
- Director's appointment order
- Scanned copy or photo of the letter of decision to work with Ant.Exchange
Ultimate Beneficial Owner (UBO) Information: Provide:
- UBO's national or international passport or ID card
- Document confirming UBO's address

1.2. Bank Card Verification

Users intending to perform exchanges involving bank cards must verify their cards in advance. Detailed instructions are available on the Ant.Exchange website.

2. Transaction Monitoring

Ant.Exchange monitors user transactions to detect suspicious activities. The service reserves the right to:

Request additional information and documents for suspicious transactions
Suspend or block user accounts if illegal activities are suspected

3. Risk Assessment

Transactions are evaluated using AML services. A transaction may be declined if the overall risk exceeds 50%. Services may be denied if the risk exceeds 1.5% in the following categories:

Dark Service (e.g., child exploitation, terrorism financing, drug trafficking)
Dark Market (e.g., darknet purchases)
Scam (e.g., fraudulently obtained coins)
Mixer (e.g., coins passed through mixers)
Illegal Service (e.g., illegal activities)
Ransom (e.g., extortion or blackmail)
Exchange Fraudulent (e.g., coins from fraudulent exchanges)
Stolen coins
Gambling (e.g., unlicensed online casinos)

Important Notice:

Transactions involving the following platforms and services may be blocked and subjected to additional checks:

Bitpapa
NetEx24.net
Commex
Garantex
Tornado Cash
Hydra
Blender.io
Lazarus Group
Genesis Market
ChipMixer
Shinbad.io
Capitalist
Rapira
Cryptomus
Any gambling platforms and related services

Transactions from sanctioned exchanges or any Iranian exchanges will be held and frozen by the AML department.

4. Exchange Operations

Ant.Exchange prohibits the use of its services for:

Money laundering
Terrorism financing
Fraud
Purchasing prohibited goods and services

User Obligations:

The sender and recipient in a transaction must be the same person. Transfers to third parties are prohibited.
All contact and personal information provided must be accurate and up-to-date.
Upon suspicion of illegal activities, Ant.Exchange may:
- Suspend the transaction
- Request identity verification documents
- Request additional payment information

Data Handling:

Personal data may be shared with regulatory authorities upon request from law enforcement, court decisions, or payment system administrations.

Data Processing Includes:

Recording
Systematization
Accumulation
Storage
Updating
Extraction
Usage
Transfer (including cross-border)
Anonymization
Blocking
Deletion
Destruction

Consent:

By registering and using Ant.Exchange, users consent to the processing of their personal data as described.

Ant.Exchange Reserves the Right to:

Request additional information on the origin of digital assets.
Block accounts and transactions, and report to regulatory authorities if illegal activities are suspected.
Require identity documents, video verification, proof of address, and financial solvency.
Return digital assets only to the original source after security checks.
Refuse withdrawals to third-party accounts without explanation.
Hold user funds until investigations are complete.
Monitor transaction chains to detect suspicious activities.
Deny services if the legality of digital assets cannot be verified.

AML & KYC