Menu

AML/KYC

AML (Anti Money Laundering) is process of transformation of money which have been received in association with illegal activity (corruption, hacking, fraud, terrorism, etc.) or investments of any sort which in turn have a lawful appearance for full or partial concealment or distortion of the real sources of an origin of this money.

Xenex LLC reserves the right to apply AML/KYC procedure to certain users, addresses and particular crypto transactions and assets. AML/KYC policy is aimed at preventing and mitigating possible risks of Xenex LLC being involved in money laundering as well as any other illegal activities.

Within AML/KYC procedure Xenex LLC takes the following measures:

1. Collect necessary documents for the transaction and implementation of verification of identification data of the client according to the KYC Policy.

2. Monitor all suspicious operations of the clients.

3. Xenex LLC Does not accept sanctioned coins. Any coins from sanctioned platforms such as Garantex, DoubleWay, MEGA darknet market, Wasabi Wallet, Darknetone, 1xBit, Primedice, DuckDice will require KYC, the amount will be subject to verification for indefinite period. Funds transferred to our exchanger with mentioned services will be permanently blocked.

If our financial monitoring or AML department detects any cases of deposits from the Commex exchange or attempted withdrawals from our exchange to Commex, the funds will be blocked permanently. We also remind you that we do not work with sanctioned platforms, the list of the most popular ones is given below:

– Garantex;

– Tornado Cash;

– Hydra;

– Blender.io;

– Lazarus Group;

– Genesis Market;

– ChipMixer;

– Shinbad.io;

– Netex24.net;

– Bitpapa.com;

– Capitalist.net;

– Commex.com;

Any Iranian platforms and other platforms of prohibited/sanctioned countries.

4. During the AML/KYC procedure, we reserve the right to freeze and withhold your exchange transaction for any length of time necessary to complete the investigation and AML/KYC procedure. If you do not complete or pass the AML/KYC procedure Xenex LLC has the right to terminate the execution of your transactions.

5. All information provided by the client may be transferred to the relevant authorities at the request of law enforcement agencies,
by decision of courts, at the request of the administrations of the payment systems.

Operator offline
22.06.2024, 06:41