Coinmetro's AML, CTF, KYT and KYC Verification Practices

As a licensed and regulated exchange, Coinmetro places a high priority on compliance with financial regulations, procedures, and practices. To that end, we follow a number of practices and procedures mandated by law, including:

• AML (Anti-Money Laundering): ensuring that our products and services are not used to launder money or hide criminal origins and that proper taxation is paid.

• CTF (Counter-Terrorism Funding): implementing regulations and procedures to prevent assets from being used to fund terrorism or other illegal activities.

• KYC (Know Your Customer): adhering to internal rules and procedures designed to verify the identity, suitability, and risks associated with maintaining a business relationship.

• KYT (Know Your Transaction): setting up internal rules and procedures to track transaction origin and destination.

These practices are mandated by the Money Laundering and Terrorist Financing Prevention Act, the EU AML directive, and the Financial Action Task Force (FATF). As a regulated exchange, we must comply with any amendments to these regulations to ensure our continued adherence.

Profile Verification (KYC)

We understand that our Profile Verification procedure may be different from what you've encountered elsewhere. However, we assure you that it's well-planned and designed to maintain the integrity of your account and ensure compliance with regulatory requirements.

The Profile Verification process is crucial in documenting the account and its owner accurately. Furthermore, we use KYT or additional transfer verification to identify the parties involved in any transaction or business dealings. This helps us maintain a transparent and secure environment for our users.

How does it benefit you?

At Coinmetro, we prioritize your peace of mind when trading. We're committed to adhering to industry-standard regulations and procedures that promote transparency and mitigate bad practices. We anticipate that upcoming regulations for exchanges will be aligned with established banking regulations, which will enable us to maintain our status as a trusted fiat on-ramp exchange with plenty of potential for growth.

Summary

In summary, our goal is to serve as a compliant bridge for the global trade of cryptocurrencies and fiat currencies across borders and continents. To achieve this, we must remain fully compliant with the latest banking verification requirements that are requested of us. Unlike many other exchanges, we prioritize regulatory compliance to ensure the integrity of our platform and the security of our users' assets.