AML & KYC Policy

Qacent is committed to maintaining the highest standards of compliance, security, and transparency in financial transactions.ThisAnti-Money Laundering (AML) and Know Your Customer (KYC) Policyoutlines our procedures to prevent fraud, money laundering, and terrorist financing.

By using Qacent’s services, you agree to comply with this policy.

1. Purpose & Compliance

Qacent adheres to internationalAML and KYC regulations, including but not limited to:

  • The Bank Secrecy Act (BSA)
  • The USA PATRIOT Act
  • TheFinancial Action Task Force (FATF) Guidelines
  • Applicable local and international AML laws

We implement strict verification measures toprevent illegal activities, ensuring that our platform is not used for fraud, tax evasion, or illicit financial transactions.

2. KYC Requirements & Identity Verification

To use Qacent, all users must undergoKYC verification before accessing financial services.

2.1 Required Documents

Users must provide:

  • Government-issued ID (Passport, National ID, or Driver’s License)
  • Proof of Address (Utility Bill, Bank Statement – not older than 3 months)
  • Selfie Verification (Photo of the user holding their ID)

For businesses, we require additional documents, including:

  • Certificate of Incorporation
  • Articles of Association
  • List of Beneficial Owners
  • Tax Identification Number (TIN)
2.2 Verification Process
  • Users must submit KYC documents via Qacent’ssecure portal.
  • Documents are reviewed within 24-72 hours.
  • If additional verification is required, users will be notified via email.
  • Qacent reserves the right toreject, suspend, or terminate accounts that fail to meet KYC standards.

3. AML Compliance & Monitoring

Qacent actively monitors transactions todetect and prevent suspicious activities.

3.1 Suspicious Transaction Monitoring

We monitor transactions for:

  • Unusual or large transactions inconsistent with user profiles.
  • Rapid movement of funds between multiple accounts.
  • Frequent crypto-to-fiat conversions without clear purpose.
  • Payments to or from high-risk jurisdictions.
3.2 Reporting Suspicious Activity

If we detect potentially fraudulent activity, we may:

  • Conduct an internal review.
  • Request additional information or documentation.
  • Report the transaction to regulatory authoritiesif necessary.

Users involved in suspicious activity may have their accountssuspended or terminated without prior notice.

4. Restricted Jurisdictions & Sanctions Compliance

Qacent does not provide services to users in the followingrestricted jurisdictions:

  • Belarus
  • Cuba
  • Iran
  • Myanmar
  • North Korea
  • Sudan
  • Syria
  • Russia
  • Ukrainian regions of Donetsk, Luhansk, and Crimea
  • Certain U.S. states, including New York

Additionally, we comply with OFAC sanctions and do not engage with individuals or entities on theU.S. Treasury Department’s Specially Designated Nationals (SDN) List.

5. Customer Due Diligence (CDD)

Qacent applies risk-based due diligence to assess and verify users.

5.1 Standard Due Diligence (SDD)
  • Basic identity verification for individual users.
  • Required for transactionsbelow a certain threshold.
5.2 Enhanced Due Diligence (EDD)
  • Applied to high-risk users and transactions, including large-value transactions.
  • Requires additional documents and an in-depth risk assessment.
  • Users flagged under EDD may be subject toongoing monitoring.

6. Account Freezing & Termination

Qacent reserves the right to freeze or terminate accounts in the following cases:

  • Failure to complete KYC verification.
  • Suspicious or fraudulent transactions.
  • Use of Qacent for illegal activities (money laundering, terrorism financing, etc.).
  • Violation of sanctions or regulatory requirements.

Users whose accounts are frozen may be required to provide additional verification before their accounts are reinstated.

7. Data Protection & Confidentiality

All user data and verification documents are stored securely and used only for compliance purposes.

  • We follow strictencryption and data security protocols.
  • User information isnever shared with third parties, except when required by law or regulatory authorities.
  • Data is retained fora minimum of five (5) years, in compliance with AML regulations.

8. Updates to This Policy

Qacent may update this AML & KYC Policy as needed to comply with evolving regulations. Users will be notified of significant changes, and continued use of our services constitutes acceptance of the updated policy.