AML Policy

This AML Policy describes how Dynopay ("we", "us", "our") works to prevent money laundering, terrorist financing, and other illicit activity when users interact with our crypto payment services ("the Service").

1. Purpose of the Policy

Our goal is to ensure that {{PRODUCT_NAME}} is not used to facilitate illegal financial activity. We follow international AML standards and apply reasonable risk-based measures across our platform.

2. Scope

This Policy applies to:

  • All users and companies using the Service
  • All payment link transactions
  • All API-generated transactions
  • All connected cryptocurrency wallets

We do not store or control user funds, but we monitor platform activity for AML compliance.

3. KYC Requirements

Depending on risk level and applicable regulations, we may request:

  • Full name
  • Company information
  • Valid identification documents
  • Proof of address
  • Information about business activity and transaction purpose

We may suspend service until required information is provided.

4. Wallet & Transaction Monitoring

We use automated and manual checks to identify suspicious activity, including:

  • High-risk wallet addresses
  • Known illicit sources (sanctioned, hacked, mixer-related)
  • Unusual transaction patterns
  • High-risk jurisdictions
  • Structuring or repeated failed attempts

We may request clarification or supporting documentation from users.

5. Prohibited Use

You may not use the Service for:

  • Money laundering or terrorism financing
  • Fraud, scams, or phishing
  • Dark-web market activity
  • Obscured mixing/tumbling
  • Sanctioned individuals or entities
  • Illegal goods or services

We may report prohibited behavior to relevant authorities.

6. Record Keeping

To comply with AML requirements, we may securely store:

  • KYC information
  • Transaction metadata
  • Internal compliance notes
  • Risk assessments
  • Records may be kept for up to the legally required duration.

7. Reporting Obligations

We may submit reports to regulators or law enforcement if we identify:

  • Suspicious transactions
  • Attempts to evade compliance checks
  • Fraudulent or criminal activity
  • Users are not notified when reporting is legally restricted.

8. Staff Training & Compliance Oversight

Our team receives ongoing training in:

  • AML requirements
  • Risk detection
  • Handling of suspicious activity

A designated compliance officer oversees implementation of this Policy.

9. Updates to This Policy

We may update this AML Policy periodically. Changes take effect once published on our website.