Policy AML

Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Policy on KZ007.org
 

This Policy establishes the key principles and procedures for preventing money laundering and terrorist financing, as well as governing customer identification and transaction monitoring processes. Its primary purpose is to protect KZ007 and its users from involvement in unlawful activities. All applications are subject to mandatory AML screening. If you wish, you may independently check your cryptocurrency wallet for compliance with AML requirements before transferring funds by using the dedicated AML checker. If you are unfamiliar with the wallet address or are unable or unwilling to undergo a preliminary screening, please note that if the aggregate AML risk score exceeds 55%, the transaction may be suspended. In such cases, the funds will be returned to the sender, less the applicable network fee.
  1. Key Terms and Definitions KZ007 — an online platform providing services for the exchange, purchase, and sale of cryptocurrencies and other digital assets. User — an individual or legal entity conducting transactions through the KZ007 service. Cryptocurrency — a digital asset whose operation is based on blockchain technology. Electronic Currency — monetary funds held and used within electronic payment systems. Money Laundering — the process of concealing the illegal origin of funds or other property obtained through unlawful activities by making them appear legitimate. Terrorist Financing — the provision, collection, or transfer of funds and other resources for the purpose of supporting terrorist activities.
  2. Preliminary AML Screening of a Cryptocurrency Wallet Before submitting an exchange application, the User is entitled to independently conduct an AML screening of their cryptocurrency wallet using the AML checker. To do so, the User must register on the website and purchase an appropriate screening package through the Personal Account.
  2.1. Website Registration To use the AML checker, the User must first create an account: Visit the official website: https://kz007.org/ Complete the registration form by providing: -Email address;
-Account password. Complete the registration process by following the confirmation link sent to the specified email address. Once registration has been successfully confirmed, the User will gain access to the Personal Account.
  2.2. Purchasing an AML Screening Package The AML screening service is provided on a paid basis through a package-based system. To purchase a screening package, the following steps must be completed: 1. Log in to your account and access the Personal Account.
2. Select the "Buy Checks" option.
3. Review the available options and select the appropriate AML screening package.
4. Click the "Proceed to Payment" button to continue to the payment process.
5. The system will then generate a deposit address. Transfer the required amount to the specified address. Once receipt of the funds has been confirmed, the purchased number of screening checks will automatically be credited to the Personal Account balance. From that moment, the User may use them to conduct AML analysis of cryptocurrency wallets.
  2.3. AML Screening Procedure To screen a cryptocurrency wallet, the following steps must be completed: 1. Log in to the Personal Account, open the "AML Checks" section, and select "New Check".
2. Enter the cryptocurrency wallet address from which the funds are intended to be transferred.
3. Select the blockchain network corresponding to the specified address (BTC, ETH, TRC-20, and other available networks).
4. Click the "Check" button to initiate the analysis. Once the screening process has been initiated, one check will be deducted from the purchased package balance. Upon completion of the analysis, the system will provide the AML screening results for the specified cryptocurrency address.
  2.4. Submission of AML Screening Results to an Operator Upon completion of the AML screening, the results are automatically sent to the User's email address. Further actions depend on the identified AML risk level: Risk level of up to and including 55% — the User may use the screened cryptocurrency wallet for exchange transactions without requiring additional approval.
Risk level exceeding 55% — the User is required to submit the screening results to an operator via the online chat on the KZ007 website for further review.
  When contacting the operator, the User must provide the following information: - The address of the screened cryptocurrency wallet;
- The date on which the AML screening was performed;
- A brief description of the screening results. Upon receiving the above information, the operator will review the screening results and inform the User whether the specified wallet may be used to transfer funds. Attention! Failure to comply with recommendations or ignoring notifications regarding an elevated AML risk level is not permitted, as compliance with these requirements is a mandatory condition of the KZ007 AML Policy.
  3. Objectives and Purpose of the Policy The primary objectives of this Policy are: To prevent the use of the KZ007 platform for illegal or otherwise unlawful activities.
To ensure compliance with applicable legislation, as well as international requirements and standards in the field of anti-money laundering and counter-terrorist financing.
To enhance user security and maintain the company's business reputation.

4. Main Components of the Policy
4.1. Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) The following measures are предусмотрed within this area: Identification of Users and, where necessary, verification of the lawful origin of the funds being used.
Continuous transaction monitoring to identify operations that may exhibit signs of suspicious or unlawful activity.

4.2. Know Your Customer (KYC) As part of the KYC procedure, personal and financial information provided by the User is collected, reviewed, and verified. The contact and personal information provided by the User when submitting an Application must be accurate, complete, and up to date. KZ007 ensures the proper protection, storage, and processing of the information received in accordance with the Personal Data Processing and Storage Policy and applicable legal requirements. Users' personal data is not disclosed to third-party AML providers. Automated blockchain analytics tools may be used for transaction analysis and monitoring. In this process, only technical transaction-related information is processed, including cryptocurrency wallet addresses and transaction hashes. Users' personal data is not transferred as part of this process.
  4.3. Know Your Transaction (KYT) The following measures are предусмотрed as part of the KYT procedure: Analysis of transaction history and activity patterns to identify transactions that may exhibit signs of fraud or other unlawful activities.
Temporary suspension of suspicious transactions until the necessary documents, information, or other evidence confirming their legitimacy have been received.
Verification of the sources of digital assets to establish their legitimacy and identify potential links to unlawful activities.

4.4. Procedures for Handling High-Risk Transactions To analyze transactions, KZ007 uses automated blockchain analytics tools designed to identify suspicious activity and assess potential risks associated with transactions. During the screening process, various transaction risk indicators are assessed, including potential connections with high-risk sources, fraudulent schemes, sanctioned services, and other categories of suspicious activity. If the aggregate risk level exceeds 55% as a result of automated analysis and a connection with high-risk sources listed in Section 4.5 of this Agreement is identified, KZ007 reserves the right to temporarily suspend transaction processing for additional review. Additional screening may involve the User undergoing KYC verification, as well as a decision being made regarding the return of funds, less the applicable network fee. If a decision is made to return the funds, the processing period for such a transaction may take up to 7 (seven) business days. In certain cases, the refund process may involve additional expenses. Where such expenses are actually incurred, they may be deducted from the refund amount, provided that the deduction does not exceed 5% of the refund amount or USD 100. The decision regarding the further status of a transaction is made based on the combined results of automated transaction data analysis and the AML/KYT checks performed.
  4.5. List of High-Risk Categories and Sources KZ007 reserves the right to suspend transactions and restrict the use of funds originating from cryptocurrency exchanges and other platforms that are included in sanctions lists or classified as high-risk sources.
  Such platforms and sources include, but are not limited to: Black Sprut, BTC-e, ChipMixer, DuelBits, FreeBitcoin, Gandhiji.io, Hydra, NVSPC, Roobet, Tornado, WEX Exchange, Yolo Group, OMG!OMG!, Garantex, Commex, Tornado Cash, 1xBit, Blender.io, Lazarus Group, Genesis Market, Shinbad.io, MEGA DARKNET MARKET, Primedice, Darknetone, Wasabi Wallet, DuckDice, Doubleway, Stake, Stolen Coins, Fraudulent Exchanges, Terrorism Financing, Bitzlato, Bitpapa.com, NetEx24.net, Trocador.app, Anonexch.io, Cryptomus, nobitex.ir, meer.kg, 1xbet, Aifory.pro, terminal.cash, SkyCrypto.net, FlashObmen.com, 60cek.net, hd-change.com, CoinBlinker.com, Metka.cc, AlfaBit.org, Heleket, payeer.com, Vexel, FunPay, WebMoney, FreeKassa, Yobit, exmo.com, exmo.me, Crypto Cloud, Cripta, BitBits, Nix Money, Bixter, freekassa.ru, kassa.cc, CoinStart, Prostocash, arvix.pro (abcex.io), heleket.com, xRocket.tg, CryptoCloud, weiss.bet, BTC-e / FinCEN, Sinbad, OFSI, Huobi Global S.A. (HTX.com), Cryptobar, MEXC-Exchange (formerly MXC-Exchange). The following may also be classified as high-risk sources: Platforms and services associated with countries subject to international sanctions.
Services whose operations are aimed at ensuring transaction anonymity and confidentiality, thereby making it difficult to establish the origin of digital assets.
Other platforms and sources for which indicators of elevated AML risk or links to unlawful activities have been identified. Please note: The above list is not exhaustive. KZ007 reserves the right to supplement and update the list of high-risk sources in response to changes in sanctions restrictions, AML/KYT analysis results, and the emergence of new risk factors.
  Risk Categories: Sanctions, Terrorism, Darknet, Ransomware/Malware, Mixing, Child Abuse, Stolen Funds, Scam/Fraud, Protocol Privacy, Bridge, Decentralized Exchange, Gambling.
  4.6. Procedures for Returning Funds in Cases Where AML Risks Are Identified If the aggregate AML risk level exceeds 55% as a result of automated analysis and a connection between the transaction and high-risk sources listed in Section 4.5 of this Agreement is identified, KZ007 reserves the right to temporarily suspend transaction processing for additional review and subsequent consideration of a refund to the User, less the applicable network fee. If the aggregate AML risk level exceeds 75% as a result of automated screening, KZ007 reserves the right to request additional documents and information from the User that are necessary to process the refund. In particular, the following may be requested: - A photograph of an identity document;
- A photograph of the User holding the identity document (selfie);
- Documents or other evidence confirming the source of the funds. If a transaction is blocked as a result of AML screening, the period required for additional analysis and determination of the final transaction status may take up to 24 hours.
  4.7. Consequences of Refusal to Undergo KYC Verification If the User refuses to provide the requested documents or information necessary to complete KYC verification, further consideration of the situation will proceed under one of the following scenarios: - Retention of funds for up to 30 (thirty) business days, followed by a review of the possibility of issuing a refund.
- Retention of funds for up to 90 (ninety) business days in cases involving a direct connection to terrorist activities, the existence of ongoing criminal proceedings, or the detection of the following risk categories: Stolen Funds, Hack / Exploit, Scam / Fraud, Ransomware, Darknet Market, Black Market Services, Terrorist Financing, Malware Wallets.
- Referral of materials to the competent authorities for review in accordance with the established procedure, where appropriate grounds exist. Indefinite retention of funds is not предусмотрed by this Policy and is not applied.
  5. Rights and Obligations of the Service KZ007 reserves the right to implement the following measures under this AML Policy: - To suspend transaction processing or block transactions if suspicious activity or an elevated AML risk level is detected.
- To request additional documents, information, and evidence from the User as necessary to conduct screening and verify the User's identity.
- To require the User to undergo video verification for additional identity confirmation.
- To disclose relevant information and materials to authorized regulatory, supervisory, and law enforcement authorities where there are legal grounds to do so.
- To return funds to the original account or wallet from which the deposit was made and discontinue further services to the User.
- If the User does not contact the Service to request a refund for more than 6 (six) months from the date the funds were blocked as a result of AML checks conducted by third parties (including centralized cryptocurrency exchanges whose wallets are used in the execution of the Application), KZ007 reserves the right to independently determine the method of refund. The refund may be made in USDT or in the corresponding token. The refund amount shall be calculated using either the exchange rate applicable on the date the Application was submitted or the exchange rate applicable on the date the funds are actually returned.