AML & KYC Policy
Anti-Money Laundering and Know Your Customer Policy
Dipnex is committed to preventing money laundering, terrorist financing, and other financial crimes. This AML & KYC Policy outlines the measures we take to comply with applicable laws and regulations and to maintain the integrity of our platform.
Identity Verification
All users must complete our identity verification process before accessing full platform features. This process includes providing government-issued identification, proof of address, and in some cases, a liveness check via video verification.
We verify identities using a combination of automated systems and manual review. Information provided during verification is securely stored and used solely for compliance purposes.
Source of Funds
We may request information about the source of funds deposited to your account, particularly for large transactions. This helps us ensure that funds are not derived from illegal activities.
Users may be asked to provide documentation such as bank statements, employment records, or business registration documents to substantiate the origin of their funds.
Sanctions Screening
Dipnex screens all users and transactions against international sanctions lists, including those maintained by the United Nations, European Union, United States Treasury, and other relevant authorities.
If a user or transaction matches an entry on a sanctions list, we will immediately suspend the account and report the match to the appropriate regulatory authorities.
Suspicious Activity Monitoring
Our platform employs advanced transaction monitoring systems that analyze patterns and flag potentially suspicious activities. These systems use rule-based and machine learning approaches to detect unusual behavior.
Examples of suspicious activities that may trigger review include unusually large transactions, rapid movement of funds, transactions involving high-risk jurisdictions, and behavior inconsistent with a user's known profile.
Reporting Obligations
When suspicious activity is detected, Dipnex is obligated to file Suspicious Activity Reports (SARs) with the relevant financial intelligence units. We cooperate fully with law enforcement and regulatory authorities in their investigations.
Users are prohibited from disclosing that they are the subject of a suspicious activity report or that an investigation is underway, as this may constitute "tipping off," which is a criminal offense in many jurisdictions.