AML/KYC Policy

Anti-Money Laundering & Know Your Customer Policy

Last Updated: January 2025

1. Policy Overview

Synusodix is committed to preventing money laundering, terrorist financing, and other illicit financial activities. This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy outlines our procedures for verifying user identities and monitoring transactions in compliance with international financial regulations.

As a provider of cryptocurrency-related services, we adhere to the highest standards of compliance including FATF (Financial Action Task Force) guidelines and applicable local regulations.

2. Regulatory Compliance

Synusodix complies with international AML/KYC regulations including:

  • Financial Action Task Force (FATF) Recommendations
  • Bank Secrecy Act (BSA) requirements
  • EU Anti-Money Laundering Directives (AMLD)
  • Cryptocurrency-specific regulations in operational jurisdictions
  • International sanctions and embargo requirements

3. Know Your Customer (KYC) Requirements

3.1 Basic Verification

All users must complete basic identity verification to access Synusodix services:

  1. Email Verification: Valid email address confirmation
  2. Account Information: Full legal name and country of residence
  3. Age Verification: Confirmation that user is 18+ years old

3.2 Enhanced Due Diligence

Enhanced verification may be required in the following circumstances:

  • Subscription payments exceeding $500 USD equivalent per month
  • Users from high-risk jurisdictions
  • Suspicious transaction patterns detected
  • Regulatory requests or investigations

Enhanced verification may include:

  • Government-issued photo identification (passport, national ID, driver's license)
  • Proof of residential address (utility bill, bank statement dated within 90 days)
  • Selfie verification with ID document
  • Source of funds declaration

4. Prohibited Activities

Zero Tolerance Policy: Synusodix has a zero-tolerance policy for money laundering, terrorist financing, and other financial crimes.

The following activities are strictly prohibited:

  1. Money Laundering: Using Synusodix to disguise the origins of illegally obtained funds
  2. Terrorist Financing: Providing financial support to terrorist organizations or activities
  3. Fraud: Engaging in fraudulent trading, market manipulation, or deceptive practices
  4. Sanctions Violations: Conducting transactions with individuals or entities on sanctions lists
  5. Unlicensed Operations: Operating without required licenses in regulated jurisdictions
  6. Structuring: Breaking up transactions to avoid detection or reporting thresholds

5. Transaction Monitoring

5.1 Automated Monitoring Systems

We employ automated systems to monitor user activity for suspicious patterns:

  • Unusual transaction volumes or frequencies
  • Connections to known high-risk wallets or exchanges
  • Geographic risk indicators
  • Behavioral anomalies and pattern deviations
  • Cross-platform activity correlation

5.2 Manual Review

Flagged transactions undergo manual review by our compliance team. During review:

  • Account activity may be temporarily restricted
  • Additional documentation may be requested
  • Investigation typically completed within 5-10 business days
  • Users will be notified of review outcomes

5.3 Reporting Thresholds

Suspicious activity is reported to relevant authorities when:

  • Transactions exceed regulatory reporting thresholds
  • Patterns indicate potential money laundering
  • Connections to sanctioned entities are discovered
  • Legal obligations require disclosure

6. Sanctions Screening

All users and transactions are screened against international sanctions lists including:

  • OFAC (Office of Foreign Assets Control) Specially Designated Nationals (SDN) List
  • UN Security Council Consolidated List
  • EU Consolidated Financial Sanctions List
  • UK HM Treasury Sanctions List
  • Other applicable national and international sanctions programs

Users matching sanctions lists will be immediately blocked from accessing services. We are legally prohibited from providing services to sanctioned individuals or entities.

7. Restricted Jurisdictions

Synusodix does not provide services to residents or citizens of certain high-risk jurisdictions. Currently restricted countries include:

  • North Korea (DPRK)
  • Iran
  • Syria
  • Cuba
  • Crimea region
  • Any country subject to comprehensive OFAC sanctions

This list is updated regularly based on evolving regulatory requirements. Additional jurisdictions may be restricted based on risk assessments.

8. Customer Due Diligence (CDD)

8.1 Risk-Based Approach

We employ a risk-based approach to customer due diligence, categorizing users into risk tiers:

  • Low Risk: Standard verification, routine monitoring
  • Medium Risk: Enhanced verification, increased monitoring frequency
  • High Risk: Comprehensive due diligence, continuous monitoring, senior management approval

8.2 Ongoing Monitoring

Customer relationships are monitored on an ongoing basis:

  • Annual review of customer information
  • Periodic re-verification of identity documents
  • Continuous transaction monitoring
  • Regular risk rating reassessment

9. Suspicious Activity Reporting

9.1 Internal Reporting

Employees and systems are required to report suspicious activity to our compliance team immediately. Reports are investigated promptly and escalated as appropriate.

9.2 Regulatory Reporting

When required by law, we file Suspicious Activity Reports (SARs) or equivalent reports with relevant financial intelligence units. Users will not be notified when such reports are filed, as disclosure is legally prohibited.

9.3 Indicators of Suspicious Activity

Examples of red flags that may trigger investigation:

  • Unusual transaction patterns inconsistent with stated purpose
  • Rapid movement of funds with no clear business purpose
  • Use of multiple accounts to conduct related transactions
  • Reluctance to provide information or documentation
  • Transactions with no apparent economic rationale
  • Frequent changes to account information or beneficiary details

10. Record Keeping

In compliance with regulatory requirements, we maintain comprehensive records:

  • Identity Records: Copies of verification documents retained for at least 7 years after account closure
  • Transaction Records: Complete transaction history maintained for at least 7 years
  • Communication Records: Customer correspondence archived per regulatory requirements
  • Investigation Records: Documentation of compliance reviews and investigations

All records are stored securely with appropriate access controls and encryption.

11. Third-Party Due Diligence

We conduct due diligence on third-party service providers and partners to ensure they maintain adequate AML/KYC standards:

  • Assessment of third-party compliance programs
  • Review of licenses and regulatory status
  • Ongoing monitoring of third-party relationships
  • Contractual AML/KYC obligations

12. User Responsibilities

Users are required to:

  1. Provide accurate, current, and complete information during registration and verification
  2. Promptly update account information when changes occur
  3. Respond to verification requests within specified timeframes
  4. Ensure compliance with laws and regulations in their jurisdiction
  5. Report suspicious activity they become aware of
  6. Not use the service for illegal purposes

Failure to meet these responsibilities may result in account suspension or termination.

13. Consequences of Non-Compliance

Users who violate this AML/KYC Policy or fail to cooperate with verification procedures may face:

  • Immediate account suspension or termination
  • Freezing of funds pending investigation
  • Reporting to law enforcement or regulatory authorities
  • Legal action to recover damages or enforce compliance
  • Permanent ban from using Synusodix services

14. Training and Awareness

Synusodix maintains an ongoing AML/KYC training program for all employees:

  • Initial compliance training for new employees
  • Annual refresher training on AML/KYC procedures
  • Updates on regulatory changes and emerging risks
  • Specialized training for compliance and customer support teams

15. Policy Updates

This AML/KYC Policy is reviewed and updated regularly to reflect:

  • Changes in applicable laws and regulations
  • Emerging money laundering and terrorist financing risks
  • Best practices in the cryptocurrency industry
  • Results of internal audits and compliance reviews

Material changes will be communicated to users through email and platform notifications.

16. Contact Information

For AML/KYC related inquiries:

Compliance Team: compliance@synusodix.pro

Report Suspicious Activity: aml@synusodix.pro

Verification Support: kyc@synusodix.pro

General Support: Telegram @Synusodix