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General AML Rules for Cryptodeposits

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, Capitalist, CommEX, Bitpapa, NetEx24, DuckDice, 1xBit, Darknetone, OMG!OMG!, Rapira, Trocador, Anonexch, 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 and other. 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.

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:

  1. suspend the execution of the user’s exchange operation;
  2. request from the user identification documents (passport, ID card, or driver’s license);
  3. request from the user a selfie with this document and a sheet on which the current date and signature will be written by hand;
  4. 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.

Specifics of AML Policy for Cryptodeposits in BEP20 Network

For transactions conducted within the BEP20 network, specific verification rules are in place to detect potential involvement in money laundering or terrorism financing operations.

Trading with individuals, companies, and countries included in approved sanction lists is prohibited. This notably includes sanction lists such as the U.S. Office of Foreign Assets Control (OFAC), the Canadian government, the United Nations Security Council, the European uniоn’s consolidated list of financial sanctions, among others. Additionally, special attention is given to legal entities from countries listed in the Financial Action Task Force’s (FATF) list of unwelcome countries and territories, as well as financial transactions conducted by or on behalf of these entities.

List of countries with restricted services: Afghanistan, Angola, Bosnia and Herzegovina, Botswana, The Bahamas, Cambodia, Burundi, Democratic Republic of the Congo, Central African Republic, Congo, Algeria, Ecuador, Eritrea, Ethiopia, Ghana, Guinea, Guinea-Bissau, Guyana, Haiti, Iraq, Iran, Japan, Kenya, Democratic People’s Republic of Korea, Lebanon, Liberia, Libya, Myanmar, Nigeria, Pakistan, Serbia, Russia, Sudan, Sri Lanka, Somalia, South Sudan, Syria, Tunisia, Trinidad and Tobago, Uganda, United States of America, Vanuatu, Venezuela, Yemen, Zimbabwe.

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20.07.2024, 00:45