KYC & AML Policy

Effective Date: March 01, 2025
Last Updated: March 31, 2025

Bitblinks (“we,” “our,” or “us”) is committed to maintaining the highest standards of compliance with applicable Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to protect our platform from fraudulent activities, terrorist financing, and other illicit financial activities.

  1. Purpose of the Policy

This KYC & AML Policy outlines the procedures Bitblinks follows to:

  • Identify and verify the identity of its customers. ● Monitor transactions for suspicious activities.
  • Ensure compliance with international and local regulatory requirements.
  1. Customer Identification Process (KYC)

To ensure compliance with KYC regulations, Bitblinks requires users to provide the following:

a) Personal Information

  • Full legal name
  • Date of birth
  • National ID, passport, or driver’s license
  • Proof of residential address (e.g., utility bill, bank statement)
  • Contact details (phone number and email address)

b) Business Information (if applicable)

  • Company registration documents
  • List of company directors and shareholders ● Proof of business address

c) Enhanced Due Diligence (EDD)

For high-risk accounts or transactions, Bitblinks may request additional information such as:

  • Source of funds and wealth
  • Detailed transaction history
  • Supporting financial documents
  1. Verification Process

All provided information will be verified using:

  • Document Verification: Assessing authenticity of submitted documents.
  • Facial Recognition & Biometric Technology: Ensuring the individual matches their provided identification.
  • Third-party Compliance Tools: Conducting checks against global databases for sanctions, politically exposed persons (PEPs), and adverse media.

Failure to comply with the KYC process may result in account suspension or termination.

  1. Transaction Monitoring

Bitblinks employs automated systems and manual reviews to:

  • Monitor user activities for suspicious patterns.
  • Identify unusually large transactions, frequent fund transfers, or transactions involving high-risk regions.
  • Flag potentially suspicious behavior for investigation.
  1. Reporting Obligations

In accordance with AML laws, Bitblinks is required to report suspicious transactions to relevant regulatory authorities. This includes but is not limited to:

  • Transactions exceeding regulatory thresholds
  • Suspicious patterns indicating potential criminal activity

Bitblinks may report such activities without prior notice to the account holder.

  1. Risk Assessment

Bitblinks follows a Risk-Based Approach (RBA) to identify and mitigate potential risks. Customers are classified based on their risk profile, and additional scrutiny is applied to higher-risk clients or transactions.

  1. Sanctions Compliance

Bitblinks strictly prohibits transactions involving individuals, entities, or countries listed on international sanctions lists, including but not limited to:

  • OFAC (Office of Foreign Assets Control) ● EU Sanctions List
  • UN Security Council Sanctions List
  1. Data Protection & Confidentiality

All customer information collected through the KYC process is treated with strict confidentiality and securely stored in compliance with privacy laws. Only authorized personnel have access to this data.

  1. Customer Responsibilities

Users are responsible for:

  • Providing accurate and truthful information during registration. ● Promptly updating their KYC details if any changes occur.
  • Reporting any suspicious activities on their account immediately.

Failure to comply may result in account suspension, reporting to authorities, or termination of services.

  1. Policy Updates

 

Bitblinks may modify this policy to align with updated regulations or platform improvements. Users will be notified of any significant changes, and continued platform use indicates acceptance of the revised policy.

 

Contact Us

 

If you have questions regarding our KYC & AML Policy, please contact us at: Email:

 

  • info@bitblinks.com
  • support@bitblinks.com
  • payments@bitblinks.com