Conducting AML-checks of transactions.

This policy is aimed at detecting transactions related to terrorism financing, money laundering and other illegal activities. The finex24.io exchange service uses the GetBlock service to identify such transactions.

1.If the AML risk of a transaction exceeds 69% it will be frozen;

2.Presence of high risk tags >79% will be frozen;

3.Transactions from sub-sanctioned services will be frozen despite risk-score;

4.Transactions with a victim-report mark (this means that this transaction has a connection to an official criminal case) – so will be blocked!
We approach each case of AML individually and based on many factors, the date of the transaction, the percentage of funds at the address, whether other transactions have “diluted” the risk-score, etc.
In case a user sends an asset labeled “sanctions” or “mixer”, his funds may be frozen by the regulator for an indefinite period of time. The exchange is not responsible for the return of funds with the above mentioned dangerous sources!

The Service reserves the right to:
Suspend the transaction;

Request from the user a photo or video with a document confirming the user’s identity (Selfie);

Request from the user a screenshot from the LC of the cryptocurrency withdrawal wallet;

Block the account and any transactions related to the user, transfer to the financial and/or law enforcement authorities in the place of registration of the Service;
Withhold the user’s funds until the incident is fully investigated;

Return digital assets only to the account from which the transfer was made or transfer to other accounts, after full verification by the security service of the Service, if it was possible to verify the legal origin of the user’s funds;

Withhold the user’s funds until the incident is fully investigated
Request from the user other materials and documents related to the exchange.
If the user does not provide the requested information and does not respond to the Service’s requests within 6 calendar months, the withheld funds will not be returned.
Returns of assets that have not passed AML verification are made with a 2% commission deduction to cover the costs of the service.