AML and KYC Policy

Our comprehensive Anti-Money Laundering and Know Your Customer policies ensure regulatory compliance and financial system integrity.

Compliance Framework

AureaVault maintains robust AML/KYC procedures in accordance with FinCEN guidelines and international best practices.

AML Program

Comprehensive anti-money laundering program designed to detect, prevent, and report suspicious activities in compliance with federal regulations.

KYC Verification

Multi-layered customer verification process ensuring proper identification and risk assessment for all platform users.

Ongoing Monitoring

Continuous transaction monitoring and periodic customer due diligence reviews to maintain compliance standards.

Individual Customer Requirements

Identity Verification

  • • Government-issued photo identification (passport, driver's license, or national ID)
  • • Proof of address document (utility bill, bank statement, or lease agreement)
  • • Selfie verification for biometric matching
  • • Social Security Number or Tax Identification Number (US residents)

Enhanced Due Diligence

  • • Source of funds documentation for large transactions
  • • Politically Exposed Person (PEP) screening
  • • Sanctions list verification
  • • Additional documentation for high-risk jurisdictions

Business Customer Requirements

Corporate Documentation

  • • Certificate of incorporation or business registration
  • • Articles of association or operating agreement
  • • Business license and regulatory permits
  • • Beneficial ownership information (FinCEN CDD Rule)

Authorized Representatives

  • • Board resolution authorizing cryptocurrency activities
  • • Individual KYC for all authorized signatories
  • • Corporate bank account verification
  • • Ultimate beneficial owner identification (25% threshold)

Anti-Money Laundering Procedures

Our comprehensive AML program includes multiple layers of protection and monitoring systems.

Risk Assessment

Systematic evaluation of customer risk profiles based on geographic, transactional, and behavioral factors.

Transaction Monitoring

Real-time monitoring of all transactions using advanced analytics and machine learning algorithms.

SAR Filing

Timely filing of Suspicious Activity Reports (SARs) with FinCEN when required thresholds are met.

Record Keeping

Secure maintenance of all customer and transaction records in compliance with regulatory retention requirements.

Advanced Compliance Technology

State-of-the-art technology platforms ensure comprehensive compliance monitoring and reporting.

Blockchain Analytics

Advanced blockchain analysis tools for transaction tracing, address clustering, and risk scoring across multiple cryptocurrencies.

AI-Powered Detection

Machine learning algorithms continuously analyze transaction patterns to identify potential money laundering activities.

Real-time Screening

Continuous screening against global sanctions lists, PEP databases, and adverse media sources.

Regulatory Reporting

Currency Transaction Reports (CTRs)

Filed for cash transactions exceeding $10,000 within a single business day.

Suspicious Activity Reports (SARs)

Filed within 30 days of detection for transactions involving known or suspected criminal activity.

Funds Transfer Records

Comprehensive documentation for all fund transfers as required by the Travel Rule.

Training and Awareness

Comprehensive Training Program

  • • Initial AML/KYC training for all new employees
  • • Annual refresher training and certification
  • • Specialized training for compliance officers
  • • Regular updates on regulatory changes

Key Training Topics

  • • Money laundering typologies and red flags
  • • Customer identification procedures
  • • Suspicious activity recognition and reporting
  • • Sanctions screening and compliance

Customer Responsibilities

Customers play a vital role in maintaining the integrity of our compliance program.

Accurate Information

Provide truthful and complete information during the verification process and maintain current records.

Regular Updates

Notify AureaVault of any changes to personal information, business structure, or beneficial ownership.

Legitimate Use

Use the platform only for legitimate business or personal purposes and comply with all applicable laws.

Cooperation

Cooperate with additional verification requests and provide supplementary documentation when required.