BTC2PAY.ORG adheres to practices and measures in the area of fighting the legalization (laundering) of money received in a criminal way and by financing of terrorism (AML). The point of these measures is the demonstration that BTC2PAY.ORG is serious about any attempt to use our service for illegal purposes. Similar rules and laws originated more than 30 years ago with the advent of the International Financial Action Task Force on Money Laundering – FATF and are constantly supplemented and refined.
BTC2PAY.ORG Service warns its users not to attempt to use BTC2PAY.ORG Service to make the legalization of money received in a criminal way, to finance terrorism, to make frauds of any kind, as well as to refrain from using Service to purchase the prohibited services and merchandise. We don’t recommend making transfers in favor of an intermediary.
Also, BTC2PAY.ORG asks users to pay attention to the list of services, the funds from which will be permanently blocked: Garantex, DuckDice, 1xBit, Darknetone, OMG!OMG!, Stake, DoubleWay, Primedice, Wasabi Wallet, Bitzlato, FreeBitcoin, Gandhiji.io, Hydra, NVSPC, Roobet, Tornado, WEX Exchange, Yolo Group, Black Sprut, BTC-e, Chiper Mixer, DuelBits, MEGA DARKNET MARKET. These measures are related to the sanctions imposed on these platforms. We recommend that you keep the list updated.
To avoid the illegal operations, Service establishes the definite rules to all Applications that are created by its Users:
- The sender and the receiver in every application must be the same person. It is categorically prohibited to use Service to make payments to third parties.
- All contact data that is entered into Application by the User, as well as personal data that the User gives to Service, must be true and actual.
- It is categorically prohibited to Users to create Applications using the anonymous proxy servers or any other anonymous connections to the Internet.
All information provided by the User may be a subject of passing it to the law enforcement bodies in such cases:
- answering the requests of law enforcement bodies;
- following the decisions of courts of various instances;
- answering the requests of administrations of Payment systems.
If you are fundamentally not ready to go through KYC/AML procedures, we recommend that you do not use our Service. KYC/AML may inсlude not only full disclosure of identity (providing identity documents) but also confirmation of the origin of Funds.
Please note that the BTC2PAY.ORG service only cooperates with Exchanges that share our views on anti-fraud policies, such as WhiteBIT.
The use of the Services, the Website, and the WhiteBIT Platform is subject to the requirements of international law and its regulation, including EU decisions to impose economic sanctions. When sending, receiving, buying, selling, exchanging, or storing Digital Assets on the Platform, the User must comply with the requirements of the User Agreement.
Compliance with the principles of openness and legality allows the Exchange to ensure a high level of customer security and eliminate the risk of engaging in any type of illegal activity. To this end, WhiteBIT carries out mandatory monitoring and risk assessment of all transactions conducted by the exchange, and identifies suspicious user activity. For these purposes, WhiteBIT uses specially developed AML/CTF monitoring systems and internal procedures aimed at combating money laundering and countering the financing of terrorism.
If the Administration of Service will have the grounded doubts about the attempt by this or that user to use Service to make money laundering or to fulfill any other illegal operations, the Administration has the right to:
- suspend the execution of the user’s exchange operation;
- request from the user identification documents (passport, ID card, or driver’s license);
- request from the user a selfie with this document and a sheet on which the current date and signature will be written by hand;
- request other information related to payments: through which platform did the funds come to you? If possible, screenshots of the sender’s wallet/platform withdrawal history should be provided, as well as links to both transactions in the explorer; for what service you received funds; how much the transaction was, as well as the date and time of its execution; through which contact person did you communicate with the sender of funds? If possible, screenshots of the correspondence with the sender should be provided, where we can see the confirmation of sending funds.
Usually, the User’s funds are frozen on the Exchanges and other custodial wallets where the Service accepts the Funds if the transfer was determined as a “High-Risk Score” or for other reasons. In this case, the Service relays the requirements of the Exchange or the Payment systеm. Also, the Service cannot process the order or return Funds that it does not have. Funds are not credited to the account of the Service, but are in custody, stored and waiting for a decision from the Exchange (or other Payment systеm), which in turn is waiting for a decision from its security department, the FBI or the police of the country that imposed sanctions and arrest.
If the User refuses to provide the necessary information and deanon does not happen, then the Service has nothing to transfer to the Exchange (or other Payment systеm) for consideration, therefore, the possibility and term of unlocking the funds are unknown.