AML Policy

Money laundering consists of using different instruments of money flow to convert illegally obtained funds to legally appearing funds making it appear as if it came from a legitimate source. Most countries have a strict anti money laundering policy, including Hong Kong, where Ex-Crypto ("Ex-Crypto") is registered.

Ex-Crypto is against all types of money laundering and does not take part in any activity evolving these trades. Ex-Crypto, its staff and representatives view money laundering as a very serious attack against moral and ethics values and are thus willing to collaborate against these activities by verifying the identity of account holders and exchangers to investigate suspicious activities, which will be reported to the legal authorities in charge upon confirmation of such activities.

All transactions and identification records are kept in our system for a minimum of ten years and our staff is constantly trained to look for suspicious activities in relation to any Ex-Crypto account and also how to proceed under such circumstances.

Ex-Crypto reinforces its policy against money laundering and is willing to help the local and international legal authorities in fighting criminal activity. Ex-Crypto will not deal with anyone directly or indirectly involved in any type of criminal activity, including money laundering.

Ex-Crypto may terminate an account or service provided without prior notice if an account holder does not follow terms and guidelines and reserves the right to refuse transactions at anytime, if Ex-Crypto staff suspects of fraudulent funds, including but not limited to money laundering or law violations.

FAQ by our Money Laundering Prevention

What am I asked to do?

You may find that you are requested to confirm your identity and provide some personal details if this needed on fiat operations. Ex-Crypto has put in place a dedicated system of one time identity verification which ensures the safety and security of both your Ex-Crypto account and the entire Ex-Crypto Services. Besides, your fiat deposit transaction volume limit is directly dependent upon the extent to which your identity has been verified. We work hard for you and take simple one time verifications.

When?

You could be asked to confirm your identity whether you are applying to deposit fiat from some payment systems (eg. Bank Wire). While our identity verification systems are designed to minimize any inconvenience for you, the verification process may take several days to complete. Also we develop one-time verifications for more account privacy. So If you need deposit from bank wire (and some other IPS), you will need have 1 mounth money hold or pass one-time verification and get deposit at 2 business days max).

Why?

Crime and terrorism need cash. Criminals turn the "dirty" cash made from drug trafficking, smuggling, and robbery into clean money by using false identities or taking the names of innocent people - like you. Making sure that people are who they say they are is essential in the fight against crime and terrorism. This does not mean in any way that suspicion is falling on you. Any information about your identity is held confidentially and will help stop your identity being used falsely. Also you can use one-time verifications and you personal information hold only for 30 business days.

Who is involved?

Government and all organisations involved in financial services. All are united in their determination to stop the spread of financial crime as part of the international effort to crack down on financial crime - protecting us all against crime and terrorism.

Your co-operation is vital to the successful fight against crime and terrorism.

What the law requires:

  • We may be required to verify your identity and address (For deposit).
  • We are required to keep full records of all transactions together with identification provided.
  • We are required to monitor any unusual or suspicious transactions of any size (We monitor only Deposit and Withdraw transactions more for prevent carding and increase security of our working capital).

Donít worry be Happy:

  1. For all cryptos operations you need no verifications. e-Mail verification is need only to take messages from Ex-Crypto about account activity and with latest news.
  2. For depositing fiat money you can use IPS without verification or use more comfortable IPS with one-time verification. We store one-time verification information no more 30 business days.