AML Compliance Statement

This statement describes the Provider’s risk-based measures to prevent misuse of its technology. It is not a representation that AMLKYC is a regulated financial institution or that it performs a customer’s statutory AML programme. AMLKYC does not custody, exchange or transmit assets.

AMLKYC applies proportionate controls informed by applicable Armenian law, binding sanctions and widely recognised risk-based principles, including relevant FATF guidance. Guidance is not incorporated as law unless applicable, and controls may differ by customer type, geography, product and risk.

• Business and beneficial-owner verification where risk or law requires.
• Screening for sanctions, PEP, adverse information, fraud and prohibited use using available data.
• Purpose-of-use, expected-volume, geography, sector and technical-behaviour assessment.
• Enhanced due diligence for elevated risk and periodic or event-driven review.
• Access restriction, record preservation, escalation and lawful reporting/cooperation where appropriate.

We may request incorporation records, registered address, ownership/control information, authorised users, licences, website/app information, source of funds used to pay fees, anticipated volumes, customer types and compliance policies. Refusal, inconsistency or inability to verify may lead to rejection or suspension. Acceptance does not certify legality or endorse the customer.

• Use by sanctioned persons or for sanctions evasion.
• Money laundering, terrorist/proliferation financing, fraud, ransomware, theft, scams, darknet markets, trafficking or other serious crime.
• Use designed to conceal beneficial ownership, source/destination of assets, device identity or true geography.
• Unauthorised data access, surveillance, harassment, discriminatory screening or public accusations based only on a score.
• Resale or use of AMLKYC to assist actors in avoiding detection, tracing, asset recovery or law enforcement.

We may monitor account, payment and API metadata, usage anomalies, queries and security signals to detect abuse. We may investigate, request documents, limit functionality, rotate keys, decline service, preserve evidence or terminate access. To protect detection methods and comply with law, we may not disclose reasons, thresholds, sources or whether a report was made.

We may screen users and relevant parties against sanctions lists applicable to us, our vendors or the transaction. No screening system is complete or error-free, and lists change. Customers must determine which sanctions regimes apply to them, screen their own parties and obtain licences or legal advice where necessary.

We retain risk, verification, investigation and access records for periods reasonably necessary under law, contract, security and claims requirements. We may respond to valid requests from courts, regulators, law enforcement or other competent authorities and may make voluntary disclosures where legally permitted. We do not notify a user if prohibited or if notice could prejudice an investigation.

• Maintain an independent risk assessment, policies, competent personnel, controls and reporting processes required by law.
• Validate outputs, investigate alerts and document decisions; do not rely solely on AMLKYC.
• Provide accurate information and promptly report changes, credential compromise and suspected abuse.
• Respect privacy, due-process and anti-discrimination obligations and give affected persons a review channel where required.

This statement is informational and creates no certification, fiduciary duty, audit opinion or third-party beneficiary rights. References to FATF, sanctions authorities or standards do not imply affiliation, approval or certification.

Legal notices, privacy requests and support communications must be sent to support@amlkyc.tech. Notices to the Provider may also be delivered to its legal address: 11/1, Apt. 14/1, Adonts Street, Arabkir, Yerevan, Republic of Armenia. Electronic notices are deemed received on the next business day after transmission unless the sender receives a delivery failure notice.