This document provides an overview of our Know Your Customer and Anti-Money Laundering (KYC) standards, thereby defining our methods for preventing money laundering activity when working with our users.
The purpose of the AML/KYC policy is to prevent the intentional or unintentional use of dubai-tether.pro by criminals for money laundering activities. The policy also requires us to make reasonable efforts to determine the true identity and beneficial owner of accounts, the source of funds, the nature of the client’s business, the validity of account transactions in relation to the client’s business, etc., which in turn helps us prudently manage our risks.
This document describes the AML control principles and procedures that our service applies to ensure transaction security and compliance with international standards (5AMLD/6AMLD) and anti-money laundering legislation.
We strive to protect our clients from fraud and scams in the cryptoasset sector. Dubai-tether.pro takes a rigorous approach to complying with the latest recommendations and revised guidelines from the FATF, the European Parliament, and financial industry regulators in general. Our compliance policy is designed to identify funds proven to be involved in illegal activity and to protect our clients’ funds from hacks, ransomware, and malware attacks. Our suite of tools to combat money laundering and its consequences consists of policy regulations combined with the latest software developments aimed at monitoring suspicious transactions in real time.
Our AML/KYC policies, procedures and internal controls are designed to ensure compliance with all applicable rules and regulations and will be reviewed and updated on a regular basis to ensure that appropriate policies, procedures and internal controls are in place to reflect both regulatory changes and changes in our operations.
1. Customer Identification Procedure (CIP)
The CIP applies to transactions deemed suspicious by our scoring systеm. We will collect certain identifying information from each client who undergoes the CIP; use risk-based measures to verify the identity of each client who undergoes the CIP; record client identification information, verification methods, and results; and provide appropriate notice of the CIP to clients from whom we request identification information to verify their identity.
1.1. Attention
Dubai-tether.pro warns users against attempts to use the dubai-tether.pro service for money laundering, terrorist financing, fraud of any kind, or to purchase prohibited goods and services.
The dubai-tether.pro service, its administration, employees, and domain owners are not responsible for the unauthorized use of the dubai-tether.pro service by third parties, attackers, or any possible losses associated with the use of the dubai-tether.pro service.
1.2. Requirements
- To prevent illegal transactions, dubai-tether.pro establishes certain requirements for all applications created by the User:
- The sender and recipient of a Payment made through the App must be the same person. Transfers to third parties using the Service are strictly prohibited.
- All contact information entered by the User in the Application, as well as other personal data transmitted by the User to the Service, must be current and completely accurate.
- It is strictly prohibited for the User to create Applications using anonymous proxy servers, VPN, Tor or any other anonymous Internet connections.
1.3. Verification procedures
- One of the international standards for preventing illegal activity is customer due diligence (hereinafter referred to as “Verification”). To this end, dubai-tether.pro implements its own verification procedures within the framework of strict anti-money laundering and “Know Your Customer” standards.
- The dubai-tether.pro service may require the User to provide documents, data, or information from reliable, independent sources (e.g., national ID, passport, bank statement). For such purposes, the dubai-tether.pro service reserves the right to collect the User’s identification information for compliance with the AML/KYC Policy.
- Dubai-tether.pro will take steps to verify the authenticity of documents and information provided by Users. All legal methods for double-checking identifying information will be used, and Dubai-tether.pro reserves the right to investigate the cases of certain Users whose identities have been deemed dangerous or suspicious.
- Dubai-tether.pro reserves the right to verify the User’s identity on an ongoing basis, particularly if their identification data has changed or their activity appears suspicious (unusual for a specific User). Furthermore, dubai-tether.pro reserves the right to request current documents from Users, even if they have already been verified in the past.
- The collection, storage, transfer, and protection of user identification information will be carried out strictly in accordance with the dubai-tether.pro service Privacy Policy and related policies.
- After confirming the User’s identity, the dubai-tether.pro Service may refuse to provide services to the User in a situation where the dubai-tether.pro Service is used to carry out illegal activities.
- Users intending to use payment cards to consume services must undergo card verification in accordance with the instructions available on the dubai-tether.pro website.
- Dubai-tether.pro has regulatory requirements to verify the source of funds or cryptocurrency to ensure that the sources of funds that Users use for trading are legitimate.
1.4. Responsible employee
- The AML Compliance Officer is a person duly authorized by the dubai-tether.pro security team, whose responsibilities inсlude ensuring the effective implementation and enforcement of the AML/KYC policy.
- This person is responsible for overseeing all aspects of dubai-tether.pro’s anti-money laundering activities, including but not limited to the following: collecting user identification information;
- create and updаte internal policies and procedures for the completion, review, submission and maintenance of all reports and records required by applicable laws and regulations;
- monitoring operations and investigating any significant deviations from normal activity;
- implementation of a document management systеm for proper storage and retrieval of documents, files, forms and logs;
- regular updating of risk assessment;
- Providing law enforcement agencies with information required by them in accordance with applicable laws and regulations.
- The AML Compliance Officer has the right to interact with law enforcement agencies involved in the prevention of money laundering, terrorist financing, and other illegal activities.
2. systеm functions
- The dubai-tether.pro service handles a variety of compliance tasks, including data collection, filtering, record-keeping, investigation management, and reporting. The systеm’s features inсlude:
- daily screening of Users against recognized blacklists (e.g., OFAC), aggregation of transmissions across multiple data points, placing Users on watchlists and denial-of-service lists, opening cases for investigation if necessary, sending internal communications and completing mandatory reports, if applicable;
- data and document management.
3. Behavioral analyst
The dubai-tether.pro service verifies users not only by verifying their identity but, more importantly, by analyzing their transaction behavior. Therefore, dubai-tether.pro relies on data analysis as a tool for risk assessment and suspicious activity.
4. General provisions and purpose of the AML policy
We strive for maximum transparency and security of financial transactions. Our AML policy is aimed at preventing the risk of the service’s involvement in illegal activities, such as money laundering, terrorist financing, fraud, and other financial crimes.
By creating an application on the website, the user automatically agrees to the terms of this policy.
5. The AML analyzer used and the principles of risk assessment (Risk Score)
To automatically verify cryptocurrency addresses and transactions, we use data from specialized AML analytics services such as CoinKYT, GetBlock , and other services.
Based on the analyzer data, a final Risk Score (risk level indicator) is generated for each transaction. The systеm evaluates the origin of funds by analyzing transaction history for connections to high-risk categories, such as:
- Darknet platforms (Dark Service, Dark Market)
- Mixer services
- Scams , Hacked, Stolen Coins, Phishing, Fraud
- Sanctions and terrorist financing
- Illegal gambling
6. Risk thresholds and service actions
Depending on the received Risk Score , our algorithms or AML officer make the following decisions:
- Low risk (0–30%) : the transaction is processed automatically in standard mode.
- Medium risk (30–60%) : The transaction may be flagged for additional monitoring. In some cases, we may request clarification or documentation from the user to verify the source of funds.
- High risk (over 60%) : application processing is automatically suspended. A further decision is made after a manual review by an AML officer.
The basis for blocking can be either an overall high Risk Score or the presence of specific “red flags” (for example, links to stolen coins or sanctioned addresses), even if the final score does not exceed the established threshold.
7. Stages and timeframes of AML verification
The verification procedure includes the following steps:
- Automatic scoring is performed instantly when an application is created.
- Detailed analysis (if risk factors are triggered) – if the systеm detects any suspicions, the request is transferred to an AML officer.
- The estimated verification period is 1 to 72 hours from the time the user requests additional information. In complex cases requiring interaction with merchants or liquidity providers, this period may be extended.
8. Terms and conditions for refunds
If verification is successful, funds are returned to the sender (or credited to the recipient) in full, minus the service’s standard commission.
If a high risk is identified:
- If the user provides convincing evidence of the legal origin of the funds ( KYC, Source of Funds ) within the specified timeframe and receives approval from an AML officer, the transaction is unblocked. The service reserves the right to withhold an additional fee for conducting in-depth verification— up to 5% of the blocked amount, but no more than the equivalent of $100 .
For bona fide clients whose funds, after passing KYC and Source of Funds, are not confirmed as linked to money laundering, the exchange fee remains unchanged. In the event of a refund, only the network fee is withheld. - If the user fails to provide the requested documents or the information provided is deemed insufficient to mitigate the risks, the service reserves the right to refuse the transaction.
- Important: Return of assets is not possible if they were blocked at the request of competent authorities (e.g., as part of a criminal investigation) or if the sender used sanctioned platforms (e.g., Garantex, Tornado Cash).
9. Recommendations for users
To minimize the risk of blocking, we strongly recommend that you conduct independent AML verification of the recipient or sender’s address using available tools before sending funds.
The user can conduct the check independently on the following resources:
This will allow you to assess potential risks in advance and make an informed decision.
10. Actions in case of refusal of verification
If the User refuses to undergo the KYC procedure or fails to provide the requested documents or information within the specified timeframe, the Service will act in accordance with applicable law and internal procedures, which implies one of the following outcomes:
- Refunds. The Service will initiate a refund to the original address (details) within a reasonable time, no more than ten (10) business days from the document submission deadline. Actual network (blockchain) or payment provider fees incurred by the Service, as described in Section 8, may be deducted from the refund amount.
- Submitting a report to the authorized body. In cases stipulated by law, or if there is reasonable suspicion of illegal activity, the Service (or its infrastructure partner) has the right to submit a suspicious transaction report (SAR) to the authorized financial monitoring body (FIU).
11. Confidentiality
- Dubai-tether.pro guarantees customer privacy in accordance with its privacy policy.
- The dubai-tether.pro service and its employees are obligated to maintain confidentiality regarding any facts discovered in connection with any questionable transaction. This obligation also extends to users of the Service and third parties to whom information about the transaction was disclosed.
- The confidentiality obligation imposed on dubai-tether.pro employees continues after the termination of their employment or any other contractual relationship with dubai-tether.pro or the transfer of such employees to another position. Disclosure of such information to government, law enforcement, or other organizations, as permitted by law, does not constitute a breach of the confidentiality obligation.
- The obligation of confidentiality, provided that the use of disclosed information is limited to the prevention of money laundering and terrorist financing, may not extend to disclosure of information between financial institutions that form a consolidated group cooperating with the dubai-tether.pro Service.
12. Conclusion
Therefore, the dubai-tether.pro Service bears no legal liability for its use for the purposes of money laundering, terrorist financing, or the acquisition of prohibited goods and services, but must take all possible and available measures to prevent any attempts to use the dubai-tether.pro Service for the purposes of money laundering, terrorist financing, or the acquisition of prohibited goods and services.
By making an exchange, the User agrees to the Terms of Service and all the terms of these rules and undertakes to comply with them.
