Jaypto Exchange AML/KYC Policy

3.KYC (Know Your Customer) Requirements

To comply with global KYC standards, Jaypto Exchange requires users to undergo a verification process before they can fully access the Platform's services. The KYC process involves:

A. Account Registration

Users must provide their full name, email address, date of birth, and a secure password when creating an account.

B. Identity Verification

To verify your identity, we require the following documents:

Proof of identity: A government-issued ID, such as a passport, national ID card, or driver’s license.

Proof of address: A utility bill, bank statement, or government-issued document displaying your name and current residential address, issued within the last three months.

Jaypto Exchange reserves the right to request additional information or documentation if deemed necessary.

C. Age Verification

Users must be at least 18 years of age to use Jaypto Exchange. We will verify the age of users during the KYC process. If a user is found to be underage, their account will be immediately suspended.

D. Jurisdictional Restrictions

Users must ensure that cryptocurrency trading is legal in their country of residence. Jaypto Exchange does not accept users from jurisdictions where cryptocurrency use is restricted or banned. If a user attempts to access the Platform from a restricted or banned country, they do so at their own risk, and Jaypto Exchange will not be held responsible for any legal consequences. Restricted jurisdictions may include countries on international sanctions lists or those with specific restrictions on cryptocurrency activities (e.g., North Korea, Iran).

4.Ongoing Customer Due Diligence

Jaypto Exchange conducts ongoing due diligence on users throughout the lifecycle of their account. This includes:

Transaction Monitoring: All transactions are monitored in real-time using automated tools to detect suspicious activities or patterns. We flag and review transactions that exceed certain thresholds or show signs of structuring, layering, or other money laundering techniques.

Risk Assessment: We periodically assess users' risk profiles based on transaction activity, geographic location, and other relevant factors. High-risk users may be subject to enhanced due diligence (EDD).

Updates to KYC Information: Users are required to keep their KYC information up to date. We may request updated identification documents or additional information from users as part of our ongoing compliance efforts.

5.Enhanced Due Diligence (EDD)

Jaypto Exchange applies Enhanced Due Diligence (EDD) measures for high-risk users and transactions. These measures may include, but are not limited to:

Verification of source of funds: Users may be required to provide documentation showing the source of their funds, especially for large or unusual transactions.

Additional identity verification: We may request additional forms of identification or conduct video verification for certain users.

Increased monitoring: High-risk accounts may be subject to heightened monitoring, with more frequent reviews of transactions and activities.

Geopolitical risk: Users from jurisdictions flagged as high-risk by international bodies such as the Financial Action Task Force (FATF) may face additional scrutiny.

6.Suspicious Activity Reporting (SAR)

Jaypto Exchange has a duty to report any suspicious activity to the relevant authorities. Suspicious activities include, but are not limited to:

Transactions that do not align with the user's known financial profile or behavior.

Attempts to avoid or manipulate KYC requirements, such as providing false or misleading information.

Unusual account activity, including repeated deposits or withdrawals of large amounts.

Transactions that involve known high-risk jurisdictions or entities subject to sanctions.

All reported activities are confidential and shared only with the appropriate regulatory authorities as required by law.

7.Data Protection and Privacy (GDPR/CCPA Compliance)

Jaypto Exchange ensures that all personal data collected during the KYC process is handled in accordance with applicable data protection laws, including the **General Data Protection Regulation (GDPR)** and the **California Consumer Privacy Act (CCPA)**. We take the following steps to protect users' personal information:/p>

Secure storage: All KYC data is encrypted and stored in secure, access-controlled environments.

Limited access: Only authorized personnel have access to users' personal data for the purposes of compliance and security.

User rights: Users have the right to access, correct, and delete their personal data, in accordance with our Privacy Policy.

Data retention: We retain users' KYC data for the period required by AML laws, typically five years after account closure.

For more details on how we handle user data, please refer to our Privacy Policy.

8.Sanctions Compliance

Jaypto Exchange complies with all applicable international sanctions laws, including those imposed by the United Nations, the European Union, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and other relevant authorities. We do not engage in business with individuals or entities that are:

Listed on sanctions lists, such as the Specially Designated Nationals (SDN) list.

From or connected to high-risk jurisdictions that are subject to comprehensive international sanctions.

If a user or entity is found to be in violation of applicable sanctions laws, their account will be immediately frozen, and Jaypto Exchange will cooperate with relevant authorities in any investigation.

9.User Responsibilities

By using Jaypto Exchange, users agree to:

Provide accurate, complete, and up-to-date information during the KYC process.

Promptly notify us of any changes to their personal information, including address and contact details.

Refrain from engaging in any illegal activities on the Platform, including but not limited to money laundering, fraud, and terrorist financing.

Comply with the laws of their country of residence and ensure that the use of Jaypto Exchange does not violate local laws.

10.Penalties for Non-Compliance

Failure to comply with our AML/KYC Policy, including providing false information or engaging in suspicious activities, may result in:

Account suspension or termination**: Non-compliant users may have their accounts suspended or permanently closed.

Freezing of assets**: We may freeze users' funds if we detect suspicious activities or violations of our AML/KYC Policy.

Reporting to authorities**: In cases of suspected criminal activity, we will report users to the appropriate law enforcement or regulatory authorities.

11.Modifications to the AML/KYC Policy

Jaypto Exchange reserves the right to modify or update this AML/KYC Policy at any time to reflect changes in legal requirements, industry practices, or the operations of the Platform. Users will be notified of any significant changes, and continued use of the Platform after such changes constitutes acceptance of the updated policy.