Compliance
Communication to COAF
Communication to the Financial Activities Control Council (COAF) is an essential procedure in the context of the Prevention of Money Laundering and Terrorist Financing (PLD/FT). Let's look at the main aspects related to communication to COAF: 1. ...
What are the signs of money laundering?
Money laundering is the process by which illegally obtained assets are disguised to appear to have legal origins. This practice involves hiding the source of dirty money, coming from activities such as trafficking, prostitution, corruption and tax ...
What is the role of COAF in the Money Laundering and Terrorism Financing Prevention process (PLD/FT)?
The Financial Activities Control Council (COAF) plays a crucial role in the Money Laundering and Terrorism Financing Prevention process (PLD/FT). Its main functions include: 1. Monitoring and Analysis: COAF monitors suspicious financial transactions ...
Money Laundering and Terrorist Financing Prevention Policy (PLD/FT)
The Money Laundering and Terrorist Financing Prevention Policy (PLD/FT) is a set of guidelines and procedures that aims to mitigate the risks associated with money laundering and terrorist financing. The main PLD/FT guidelines: 1. Respect current ...
How does Kryptobox monitor suspicious transactions?
Kryptobox employs various strategies and technologies to monitor suspicious transactions and identify activities that may be related to money laundering or terrorist financing. Here are some of the main approaches used: 1. Analysis of Anomalous ...
Account verification processing time
All information and documents you submit for account verification are reviewed through our automatic or manual verification methods. Depending on the method used to verify your details, account verification times may vary. If your application ...
KYT (Know Your Transaction)
KYT is an acronym that stands for "Know Your Transaction." It refers to a practice or process used in financial institutions, particularly in the context of anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. KYT involves ...
KYB (Compliance Requirements for Businesses)
Kryptobox requires certain information to keep up to date with compliance standards. The following points contain answers to compliance FAQs. What documents are accepted for the Shareholders Register/Members Register? Acceptable documents include: • ...
KYC (Know your Customer)
Kryptobox uses identity verification to comply with KYC laws and confirm that a customer is who they say they are, as per our Terms of Use. Before you continue As part of our commitment to being the most trusted cryptocurrency platform, all identity ...