Compliance & Regulatory

Our Commitment to a Secure and Lawful Platform

AuricX is dedicated to maintaining a secure, transparent, and compliant investment environment. We recognize the importance of adhering to legal and regulatory standards to protect our users, prevent illicit activities, and ensure the long-term integrity of our platform. This document outlines our approach to compliance, including our Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.

1. Regulatory Framework

The regulatory environment for digital assets is dynamic and varies significantly by jurisdiction. AuricX is committed to monitoring legal developments and adapting its operations to comply with applicable laws and regulations in the jurisdictions we operate in. Our legal team works continuously to navigate the complexities of digital asset regulation to ensure our platform remains compliant. Users are responsible for understanding and abiding by the laws within their own jurisdiction regarding the use of services like AuricX.

2. Anti-Money Laundering (AML) Policy

AuricX has a zero-tolerance policy for money laundering, terrorism financing, and other illicit financial activities. Our AML program is designed to prevent our platform from being used for such purposes. Key components of our AML policy include:

  • Transaction Monitoring: We employ automated systems to monitor user transactions for suspicious activity. This includes analyzing transaction size, frequency, and patterns that may be indicative of money laundering.
  • Risk Assessment: We conduct ongoing risk assessments of our user base and transaction activity to identify and mitigate potential AML risks.
  • Reporting: We are committed to reporting suspicious activities to the relevant law enforcement and regulatory authorities as required by law.
  • Record Keeping: We maintain detailed records of all user identification data and transaction history for a minimum period as required by law, to assist in any potential investigations.

3. Know Your Customer (KYC) Policy

To comply with AML regulations and to ensure the security of our platform, AuricX implements a Know Your Customer (KYC) program. KYC is the process of verifying the identity of our users. While basic account creation may require minimal information, enhanced features, and larger transaction volumes (especially withdrawals) will require identity verification.

Levels of Verification:

  • Level 1 (Basic Verification): Upon registration, we collect and verify your name, email address, and phone number. This level may have limits on deposit and withdrawal amounts.
  • Level 2 (Full Verification): To access higher transaction limits or enable certain features, users may be required to complete full KYC verification. This process typically involves submitting:
    • A government-issued photo ID (e.g., Passport, Driver's License, National ID card).
    • A proof of address document (e.g., utility bill, bank statement).
    • A "selfie" photograph holding the ID document.

We may partner with trusted third-party verification services to conduct these checks securely and efficiently. All data submitted for KYC purposes is encrypted and stored securely, with access restricted to authorized compliance personnel.

4. Sanctions Compliance

AuricX is prohibited from transacting with individuals, companies, and countries that are on prescribed sanctions lists. We screen our user base against international sanctions lists from bodies such as the Office of Foreign Assets Control (OFAC), the United Nations (UN), and the European Union (EU). Accounts found to be in violation of sanctions policies will be frozen, and the appropriate authorities will be notified.

5. Data Protection and Privacy

Our compliance efforts are conducted with a strong commitment to data protection and privacy. We handle all personal data collected for compliance purposes in accordance with our Privacy Policy. We only collect the information that is necessary for us to meet our regulatory obligations and secure our platform. We employ robust technical and organizational measures to protect this sensitive data from unauthorized access or disclosure.

6. User Cooperation

As a user of the AuricX platform, you agree to cooperate fully with our compliance procedures. This includes providing any requested information and documentation for KYC verification and responding to inquiries from our compliance team regarding your account activity. Failure to cooperate may result in the suspension or termination of your account and a block on any pending transactions.

Our commitment to compliance is fundamental to building trust and ensuring the sustainability of the AuricX platform. We appreciate your understanding and cooperation in helping us maintain a safe and regulated environment for all users.