AML Policy

AML / KYC Policy of appbit.net
 

1. General Provisions
   This AML / KYC Policy of appbit.net is developed in accordance with international standards for anti-money laundering and counter-terrorist financing (AML / CTF), as well as partner platform requirements. The purpose of this Policy is to prevent illegal use of the service and ensure transparency of all operations.

2. 
   Risk Assessment and AML Analysis
   Each transaction initiated through appbit.net undergoes mandatory AML analysis using specialized blockchain analytics tools (Crystal Blockchain, Chainalysis, TRM Labs — depending on the network).

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

   Categories such as Sanctions, Terrorism, Child Exploitation, Ransomware, Darknet Marketplace may result in blocking regardless of the overall risk level.

3. 
   User Acknowledgement
   Before payment, the user has the option to perform a preliminary AML check of the address or transaction directly on the website.

   • A checkbox confirming agreement with the AML policy is provided;
   • The user confirms passing the check or consciously refuses it while accepting possible risks.

4. 
   KYC / Source of Funds
   If the acceptable risk level is exceeded, the service may request verification materials:

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

   Verification period — up to 3 business days.

5. 
   Refusal of KYC and Refund
   The user has the right to refuse verification. In this case:

   • the request is cancelled;
   • refund is processed within 7–10 business days;
   • only the actual network fee is deducted;
   • additional deductions may apply if justified, but not exceeding 5% and 100 USD.

   Indefinite retention of funds is not applied.

6. 
   Possible Outcomes
   Depending on the situation, the following outcomes are possible:

   • completion of exchange;
   • refund to sender;
   • transfer of information to competent authorities if required.

7. 
   High-Risk Sources
   The appbit.net service does not accept funds associated with prohibited or high-risk categories:

   • Sanctions
   • Terrorism
   • Darknet
   • Ransomware / Malware
   • Mixing / Tumblers
   • Child Abuse
   • Scam / Fraud
   • Garantex
   • Hydra
   • Bitzlato
   • Tornado / ChipMixer

   If such funds are detected, the transaction may be suspended until verification is completed.

8. 
   Confidentiality
   Information may be disclosed only upon official request from competent authorities.

9. 
   Final Provisions
   By using appbit.net, the user confirms acceptance of this Policy.