AML Policy

AML / KYC Policy of the appbit.net Service

1. General Provisions

This AML / KYC Policy of the appbit.net service has been developed in accordance with international standards on Anti-Money Laundering and Counter-Terrorist Financing (AML / CTF), as well as the requirements of partner platforms. The purpose of this Policy is to prevent the use of the service for illegal purposes and to ensure transparency of all transactions.

2. Risk Assessment and AML Analysis

Each transaction initiated through the appbit.net service undergoes mandatory AML analysis using specialized blockchain analytics tools (Crystal Blockchain, Chainalysis, TRM Labs — depending on the asset network). Based on the analysis results, a Risk-Score indicator is formed:

• up to 50% — acceptable risk level;
• 50–69% — increased risk level, additional information may be requested;
• 70% and above — the request is temporarily suspended for KYC and Source of Funds (SoF) procedures.

Categories Sanctions, Terrorism, Child Exploitation, Ransomware, Darknet Marketplace may lead to blocking regardless of the overall risk level.

3. Informed User Choice

Before paying for a request, the user has the opportunity to complete a preliminary AML check of the address or transaction directly on the service website.

• A separate checkbox for active consent to the AML policy is placed on the request page;
• The user confirms completion of the verification or a conscious refusal with acceptance of the risks of possible suspension of the transaction.

4. KYC / Source of Funds

If the acceptable risk level is exceeded, the service has the right to request supporting documents from the user, including:

• identity document;
• selfie with the document;
• proof of source of funds;
• transaction history.

The verification period is up to 3 business days.

5. Refusal to Undergo KYC and Refund

The user has the right to refuse verification. In this case:

• the request is canceled;
• the refund is processed within 7–10 business days;
• only the actual network fee is deducted;
• additional deductions are allowed solely for confirmed expenses, but not more than 5% and not more than 100 USD.

Indefinite retention of funds is not applied.

6. Possible Outcomes

• completion of the exchange;
• refund to the sender;
• official escalation to competent authorities if there are legal grounds.

7. High-Risk Sources

8. Confidentiality

Information may be disclosed exclusively upon an official request from competent authorities.

9. Final Provisions

By performing transactions on the appbit.net website, the user confirms acceptance of this Policy.