KYC/AML Procedure

Greatiby Freedom Swap is designed to provide users with a fast, convenient, and secure cryptocurrency swap experience. To protect users and comply with applicable Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) requirements, all transactions are subject to automated risk screening and compliance monitoring.

Risk Monitoring and Transaction Reviews

Greatiby and its compliance partners utilize automated risk detection systems to monitor transactions for indicators of fraud, theft, sanctions violations, money laundering, terrorist financing, and other prohibited activities.

If a transaction is identified as potentially high-risk or suspicious, the swap may be temporarily placed on hold pending further review. The specific risk assessment criteria used are confidential and are not publicly disclosed to prevent abuse of the compliance process.

Identity Verification

Where required, users may be asked to complete a Know Your Customer (KYC) verification process. This may include providing:

Government-issued identification

Selfie or facial verification

Proof of ownership of the source wallet

Additional documentation requested by the compliance team

Each case is reviewed individually based on the nature and risk profile of the transaction.

Completion of Verification

Once the requested verification has been successfully completed and approved, the transaction review will be finalized and, where appropriate, the swap will proceed and the exchanged cryptocurrency will be delivered to the designated wallet address.

Refusal to Complete Verification

If a user declines to provide the requested verification information or fails to complete the verification process within the required timeframe, the transaction may be cancelled. Where permitted by applicable regulations and compliance requirements, funds may be returned to the originating wallet address after deduction of applicable blockchain network fees.

Greatiby reserves the right to restrict or deny future access to Freedom Swap services for users, wallet addresses, or transactions that fail compliance reviews.

False or Misleading Information

Submission of false, forged, altered, or misleading documents will result in an immediate compliance failure and may lead to transaction cancellation, account restrictions, wallet blacklisting, and reporting to relevant authorities where required by law.

Suspected Illegal Activity

Greatiby does not facilitate or support money laundering, fraud, sanctions evasion, terrorist financing, stolen funds, hacked assets, or any other illegal activity.

Where funds are suspected to be connected to criminal activity, sanctions violations, or other unlawful conduct, additional investigations may be conducted. In such cases, users may be required to provide further evidence regarding the ownership and source of the funds before any decision is made regarding the transaction.

Cooperation with Authorities

Greatiby reserves the right to cooperate with law enforcement agencies, regulatory authorities, and compliance partners where legally required. Information and documentation provided during compliance reviews may be disclosed to competent authorities in response to valid legal requests or investigations.

By using Greatiby Freedom Swap, users acknowledge and agree to comply with all applicable laws, regulations, and compliance requirements associated with cryptocurrency transactions.

How Are My Documents Stored After the KYC/AML Procedure?

Greatiby takes the privacy and security of user information seriously. When additional identity verification is required as part of a KYC/AML review, submitted documents are processed and stored using secure compliance systems operated by our trusted verification and compliance partners.

These partners employ industry-standard security measures, including data encryption, access controls, and secure storage practices designed to protect personal information from unauthorized access, misuse, alteration, or disclosure.

Personal data is handled in accordance with applicable privacy and data protection laws and is used solely for identity verification, fraud prevention, regulatory compliance, and security purposes.

Greatiby does not sell, rent, or share users' personal information with third parties for marketing purposes. Access to KYC documentation is restricted to authorized personnel and compliance providers who require such access to perform verification and regulatory functions.

Users should note that identity verification records may be retained for a period required by applicable laws, regulations, compliance obligations, or legitimate business purposes.

If you have any questions regarding the handling of your personal information or KYC documentation, please contact the Greatiby Compliance Team at legal@greatiby.com

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