Anti-Money Laundering Policy

Introduction

CoinRepublik is committed to preventing money laundering, terrorist financing, and other financial crimes. This Anti-Money Laundering (AML) Policy outlines our commitment to compliance and the measures we take to detect and prevent illicit activities.

Know Your Customer (KYC)

We implement KYC procedures to verify the identity of our users. This may include:

• Government-issued photo identification
• Proof of address (utility bill, bank statement)
• Selfie verification
• Source of funds documentation for large transactions

KYC verification may be required for withdrawals exceeding certain thresholds or when suspicious activity is detected.

Transaction Monitoring

We employ automated systems to monitor transactions for suspicious activity, including:

• Unusual transaction patterns
• Large or rapid movements of funds
• Transactions inconsistent with user profile
• Multiple accounts from same device/IP
• Structured transactions to avoid thresholds

Prohibited Activities

Users are prohibited from using CoinRepublik for:

• Money laundering or terrorist financing
• Transactions involving illegal funds
• Circumventing international sanctions
• Tax evasion or fraud
• Any other financial crimes

Reporting Obligations

CoinRepublik will report suspicious activities to relevant authorities as required by law. We cooperate fully with law enforcement agencies in their investigations. Users are also encouraged to report any suspicious activity they observe on the platform.

Sanctions Compliance

We screen users against international sanctions lists, including OFAC, EU, and UN sanctions. Users from sanctioned countries or individuals on sanctions lists are prohibited from using our services.

Record Keeping

We maintain records of all transactions and KYC documentation for a minimum of 5 years after the business relationship ends, or as required by applicable law.

Employee Training

All CoinRepublik employees receive regular training on AML procedures, red flag identification, and reporting obligations. Our compliance team stays updated on regulatory changes and emerging threats.