AML Policy

1. Overview

Coinastr maintains a robust Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) program in accordance with applicable laws. We are committed to detecting, preventing, and reporting suspicious financial activity.

2. Risk-Based Approach

We apply a risk-based approach to AML compliance. Higher-value transactions, unusual patterns, or activity involving high-risk jurisdictions may trigger enhanced due diligence, including mandatory KYC verification.

3. Know Your Customer (KYC)

• Standard swaps do not require KYC
• Transactions above our internal threshold may require identity verification
• Required documents: Government-issued ID, proof of address, source of funds, selfie with written message
• We use secure, encrypted storage for all KYC documents

4. Prohibited Activities

• Structuring transactions to avoid reporting thresholds
• Using Coinastr with funds from illegal activity
• Providing false information during KYC verification
• Transacting on behalf of sanctioned individuals or entities
• Using mixers, tumblers, or privacy coins for illicit purposes

5. Suspicious Activity Monitoring

Our systems automatically flag transactions that exhibit suspicious patterns including: unusual transaction volumes, connections to known illicit addresses, rapid successive swaps, or inconsistencies between stated and actual transaction purpose. Flagged transactions are reviewed by our compliance team.

6. Reporting

Where required by law, we will report suspicious transactions to the relevant financial intelligence units or regulatory authorities without notifying the customer (tipping off prohibition).

7. Sanctions Screening

We screen all users and transactions against OFAC, EU, UN, and other applicable sanctions lists. Transactions involving sanctioned parties will be blocked and reported.

8. Record Keeping

We retain transaction records and KYC documents for a minimum of 5 years as required by AML regulations.

9. Contact

AML enquiries: support@coinastr.com