AML/KYC Policy

AML/KYC Policy

Effective Date: 11/24/2023
Website: https://www.axesusdt.xyz
AXES TREE LLC is committed to preventing illegal activities such as money laundering, terrorist financing, fraud, and other financial crimes. This Anti-Money Laundering (AML) and Know Your Customer (KYC) policy outlines the measures we take to ensure compliance with applicable laws and regulations in the United States, including the Bank Secrecy Act (BSA) and other federal and state-level requirements.
1. Purpose of the AML/KYC Policy
The purpose of this policy is to:
Prevent the use of AXES USDT’s platform for money laundering or terrorist financing.
Protect AXES USDT, its users, and its stakeholders from financial crimes.
Comply with applicable laws, regulations, and guidelines in Florida and the United States.
2. Scope
This policy applies to:
All users of AXES USDT's services, including individual and corporate accounts.
AXES USDT employees, agents, and partners involved in onboarding and transactional processes.
3. User Identification and Verification (KYC)
To comply with KYC requirements, AXES USDT collects and verifies the identity of all users. Users must provide the following information:
3.1 Individual Accounts
Full legal name
Date of birth
Residential address
Government-issued identification (e.g., passport, driver’s license)
Recent utility bill or bank statement (proof of address)
3.2 Corporate Accounts
Legal entity name
Registered address
Incorporation certificate or business license
Identification documents for the company’s directors and beneficial owners
Proof of business address
3.3 Enhanced Due Diligence (EDD)
For high-risk users or transactions, AXES USDT may require additional documentation or perform in-depth background checks. High-risk factors include:
Users from jurisdictions identified by the Financial Action Task Force (FATF) as high-risk.
Large or unusual transactions inconsistent with the user’s profile.
4. Transaction Monitoring
AXES USDT continuously monitors user activity to detect suspicious transactions. This includes:
Reviewing deposit and withdrawal patterns.
Flagging transactions exceeding established thresholds.
Identifying transactions involving high-risk jurisdictions.
Transactions deemed suspicious will be reported to the relevant authorities in compliance with the law.
5. Reporting Obligations
In compliance with applicable regulations, AXES USDT will file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) with the Financial Crimes Enforcement Network (FinCEN) as required. AXES USDT is prohibited from disclosing such reports to users or third parties.
6. User Responsibilities
Users of AXES USDT’s platform are required to:
Provide accurate and complete information during account registration and verification.
Update their account information promptly if any changes occur.
Avoid engaging in activities that violate AXES USDT’s policies or applicable laws.
Failure to comply with these responsibilities may result in account suspension, termination, or legal action.
7. Data Protection and Confidentiality
AXES USDT protects user data in compliance with the General Data Protection Regulation (GDPR) and applicable U.S. laws. User information collected for AML/KYC purposes will only be used for compliance and security purposes. Data is stored securely and will not be disclosed to unauthorized parties.
8. Training and Compliance
All AXES USDT employees undergo regular AML/KYC training to stay informed about:
Legal and regulatory requirements.
Identification of suspicious activities.
Reporting procedures for suspicious transactions.
9. Updates to the AML/KYC Policy
AXES USDT reserves the right to update this AML/KYC Policy to reflect changes in legal, regulatory, or operational requirements. Users will be notified of significant updates through our website.
10. Contact Us
If you have questions or concerns about this AML/KYC Policy, please contact us:
Email: [email protected]
App: www.axesusdt.vip
Website: www.axesusdt.xyz
11. Governing Law
This AML/KYC Policy is governed by the laws of the State of Florida, USA. Any disputes arising under this policy will be resolved in the courts of Tampa, Florida.
AXES TREE LLC is dedicated to maintaining a secure and compliant platform for all users. By adhering to this AML/KYC Policy, we aim to foster trust, transparency, and security in all our operations.