AML Policy
Anti-Money Laundering and Counter-Terrorism Financing
1. Our Commitment
Paxeful is committed to preventing money laundering, terrorism financing and other financial crime. We operate a comprehensive AML/CTF program aligned with FATF recommendations.
2. Know Your Customer (KYC)
Every user must verify their identity before withdrawing crypto. We verify government-issued ID and, where required, proof of address. Enhanced due diligence is applied to high-risk profiles.
3. Transaction Monitoring
We monitor deposits, withdrawals and trading behavior in real-time using rule-based and machine-learning systems. Suspicious activity is escalated to our compliance team.
4. Sanctions Screening
All users are screened against OFAC, UN, EU, HMT and other sanctions lists at onboarding and on an ongoing basis. Matches are blocked and reported to authorities as required.
5. Reporting
We file Suspicious Activity Reports (SARs) with appropriate regulators when required by law. We cooperate fully with law-enforcement investigations.
6. Contact
Compliance inquiries: compliance@paxeful.com.