Anti-Money Laundering (AML) Policy.
KaylaBit is committed to preventing money laundering, terrorist financing, and other illicit activities by adhering to global AML regulations and best practices. This policy establishes the framework for detecting, preventing, and reporting suspicious activities in compliance with applicable laws and regulatory guidelines.
KaylaBit complies with all applicable AML laws, including but not limited to:
- Financial Action Task Force (FATF) guidelines
- Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements
- Local and international financial regulations related to digital asset trading
To verify the identity of customers and mitigate risks, KaylaBit enforces strict KYC and CDD measures, including:
- Identity verification through government-issued IDs and biometric authentication
- Proof of address (utility bill, bank statement, etc.)
- Risk assessment based on transaction behavior and geographic location
KaylaBit employs automated and manual monitoring systems to detect unusual activities, including:
- Large or rapid transactions inconsistent with a customer’s profile
- Multiple transactions just below reporting thresholds
- Transactions involving high-risk jurisdictions
If suspicious activity is detected, KaylaBit will:
- Conduct an internal investigation
- File a Suspicious Activity Report (SAR) with the relevant authorities if necessary
- Cooperate fully with law enforcement agencies
KaylaBit maintains transaction and customer records for at least 5 years to comply with regulatory requirements.
All employees and compliance officers receive regular AML training to ensure adherence to policies and early detection of suspicious activities.
KaylaBit strictly prohibits transactions with individuals, entities, or countries on international sanction lists (e.g., OFAC, UN, EU).
This policy is reviewed periodically and updated to align with evolving regulatory standards and industry best practices.