Effective Date: July 2026
OXchange is committed to maintaining a secure and responsible digital asset trading environment.
This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy explains the procedures and controls used to help prevent illegal activities, protect users, and maintain platform integrity.
OXchange is currently operating in a testing and development environment. AML/KYC procedures, verification processes, limits, and compliance controls may be updated before the official production release.
The purpose of this policy is to:
Reduce the risk of money laundering.
Prevent terrorist financing and illegal financial activities.
Protect users from fraud and abuse.
Establish identity verification procedures.
Maintain a safer digital asset ecosystem.
Support responsible platform operations.
KYC is the process used to verify the identity of users accessing certain OXchange services.
Depending on account requirements, users may be asked to provide:
Full legal name.
Date of birth.
Residential information.
Government-issued identification.
Proof of address.
Selfie or identity verification.
Additional information when required.
Users must ensure that all submitted information is:
Accurate.
Complete.
Current.
Authentic.
The KYC process may include:
Users create an OXchange account using valid information.
Users provide requested identity information and documents.
Submitted information may be reviewed using internal processes or approved verification providers.
After successful verification, users may gain access to additional platform features and limits.
OXchange may request additional information when necessary, including:
Source of funds information.
Source of cryptocurrency information.
Transaction purpose.
Additional identity documents.
Business information for institutional accounts.
Additional verification may be required based on account activity or risk assessment.
OXchange may apply different verification and monitoring measures depending on risk factors including:
Account activity.
Transaction patterns.
Geographic location.
Service usage.
Payment methods.
Security indicators.
Higher-risk activity may require enhanced review procedures.
OXchange may use measures including:
Identity verification.
Transaction monitoring.
Suspicious activity detection.
Account activity reviews.
Risk assessments.
Security checks.
Transactions may be reviewed when unusual activity is detected.
OXchange may investigate activity including:
Unusual transaction patterns.
Rapid movement of funds.
Attempts to avoid verification requirements.
Suspicious payment behavior.
Fraud indicators.
Unauthorized account access.
Where necessary, OXchange may:
Request additional information.
Delay transactions.
Restrict account functionality.
Suspend accounts.
Conduct further investigation.
Users must not use OXchange for:
Money laundering.
Terrorist financing.
Fraud.
Stolen funds.
Unauthorized financial activity.
Sanctions evasion.
Illegal transactions.
Market manipulation.
Identity fraud.
Accounts involved in prohibited activities may be restricted or terminated.
Users are responsible for:
Providing truthful information.
Updating account details when necessary.
Completing required verification.
Protecting account credentials.
Reporting unauthorized activity.
Using the platform legally.
Providing false information may result in account restrictions.
Submitted documents must:
Belong to the account holder.
Be valid and not expired.
Clearly show required information.
Not be altered or manipulated.
Documents that appear fraudulent or inconsistent may be rejected.
OXchange may perform additional reviews for accounts or activities considered higher risk.
Additional checks may include:
Additional identity verification.
Transaction history review.
Source of funds verification.
Business documentation.
Additional compliance information.
Information collected during KYC procedures may be used for:
Identity verification.
Security monitoring.
Fraud prevention.
Compliance purposes.
Platform protection.
User information will be handled according to the OXchange Privacy Policy.
OXchange may use third-party services for:
Identity verification.
Document validation.
Fraud detection.
Risk assessment.
These providers may process information according to their own privacy policies and applicable requirements.
OXchange may restrict, suspend, or limit accounts when:
Verification cannot be completed.
Information provided is inaccurate.
Suspicious activity is identified.
Required compliance information is not provided.
Legal obligations require action.
During the testing phase:
KYC workflows may change.
Verification providers may be updated.
Limits may be adjusted.
Some compliance features may be under development.
Testing accounts may have different requirements compared to production accounts.
The final AML/KYC framework will be published before official launch.
OXchange may update this policy based on:
Platform development.
Security improvements.
Regulatory requirements.
Industry standards.
Operational changes.
For questions regarding AML/KYC procedures, users may contact OXchange Support through official support channels.