AML & KYC Policy
NeoCryptix operates a risk-based AML/CFT and KYC framework designed for digital-asset operations.
1. Risk-Based Customer Due Diligence
Customer onboarding is evaluated using jurisdiction, transaction profile, behavioral signals and sanctions exposure to determine applicable verification depth.
2. Identification and Verification
We may request documentary proof of identity, residence, ownership structure, source-of-funds/source-of-wealth and additional corroboration for complex profiles.
3. Sanctions, PEP and Adverse Media Screening
Customers and counterparties may be screened against sanctions, politically exposed persons and adverse media datasets during onboarding and ongoing monitoring.
4. Ongoing Transaction Monitoring
Automated and manual controls are used to detect unusual patterns such as structuring, rapid cycling, layering indicators, high-risk corridor exposure or anomalous velocity.
5. Enhanced Due Diligence (EDD)
EDD may be applied to high-risk users, elevated turnover, non-standard legal structures, cross-border complexity and risk events detected by monitoring systems.
6. Trigger Events and Re-Verification
Material changes in account behavior, device posture, ownership information or transactional activity may trigger additional verification and temporary restrictions.
7. Restriction, Freeze and Reporting
The platform may delay, refuse, freeze or report operations when activity meets legal reporting thresholds or internal suspicion criteria.
8. Recordkeeping
KYC files, monitoring alerts and case actions are retained for statutory periods required by AML/CFT and related financial regulations.
9. Internal Governance
Compliance controls are maintained through internal procedures, periodic review and role-based access to sensitive case information.
10. Policy Evolution
This AML/KYC framework is reviewed and updated to reflect legal, typology and operational changes in digital-asset markets.