Skip to main content

AML/KYC/CTF Compliance Policy


AML/KYC/CTF Compliance Policy

1. Mission and Regulatory Standards

ExchEngine service powered by Universal Valuables Inc., Panama, (the "Service") operates as a specialized non-custodial gateway for exchanges between fiat currencies (Wire/SEPA/SWIFT) and stablecoins (USDT/USDC). Our operations are governed by international standards, including the FATF Recommendations, the EU 5AMLD / 6AMLD directives, and the guidance provided by the OFAC (U.S. Treasury).

The Service operates in compliance with the laws of the Republic of Panama and the guidelines of the Unidad de Análisis Financiero (UAF). To ensure the integrity of our operations, the Service has appointed a dedicated Compliance Officer responsible for supervising the implementation of AML/CTF protocols and reporting suspicious activities to relevant authorities.

2. The "Self-to-Self" (S2S) Mandate

The Service is built on the principle of individual financial autonomy.

  • Exclusivity of Ownership: We facilitate transactions exclusively between accounts and digital wallets belonging to the same verified User.
  • Zero Third-Party Tolerance: Any attempt to process funds from an account not owned by the User, or to direct an exchange to a third party, is strictly prohibited.

2.1. Transaction Traceability and Anti-Layering

The Service recognizes that a primary characteristic of Money Laundering (ML) is the intentional obscuring of financial flows (the "layering" stage). To counter this risk, our infrastructure ensures unbroken end-to-end traceability:

  • 1-to-1 Mapping: Every exchange event is strictly mapped as a singular flow between one verified source and one verified destination.
  • Audit Trail Integrity: The Service maintains a meticulous, permanent record of every transaction, ensuring a direct link between the sender’s account, the exact amount, and the recipient’s wallet.
  • Documentary Alignment: This link is explicitly reflected in all internal records and the "Payment Purpose" (Reference) metadata associated with the fiat transfer.
  • Anti-Mixing: Because the Service does not offer custodial storage, the "layering" stage of money laundering is technically impossible within our operational framework.

3. Eligibility and Prohibited Business Activity

The Service applies a strict filter based on the economic origin and legal status of the activity.

3.1. Prohibited Corporate Entities

The Service does not provide services to legal entities incorporated, headquartered, or maintaining significant operations within comprehensively sanctioned jurisdictions (including, but not limited to, Russia, Belarus, Iran, North Korea, Syria, Cuba).

3.2. Prohibition of Domestic Economic Activity

The Service strictly prohibits transactions derived from business activity within restricted territories. This includes revenue generated from contracts with sanctioned states or capital flows intended for operational expenses within restricted territories.

3.3. Sanctions and PEP Screening

All Users undergo mandatory automated screening against global sanctions lists (including OFAC, UN, EU, UK/HMT) and databases of Politically Exposed Persons (PEPs). The Service does not establish business relationships with individuals or entities identified on international watchlists or those posing an unacceptable level of corruption risk.

4. Individual Users and Source of Funds

Our compliance focus is on the legitimacy and location of the User's economic life.

  • Verified Source of Funds (SoF): All Users must demonstrate that the capital involved originates from legitimate, non-sanctioned financial systems.
  • Offshore Economic Origin: For citizens of high-risk jurisdictions, the Service requires evidence that their income and wealth are generated through professional or investment activities external to the sanctioned financial infrastructure.

To verify a User's identity, the Service implements a multi-level Know Your Customer (KYC) procedure, which includes the collection of:

  • A valid government-issued photo ID;
  • Proof of residential address;
  • Liveness verification (biometric selfie);
  • Documentation confirming the legal Source of Wealth (SoW) or Source of Funds (SoF) for high-volume transactions.

5. Geolocation and Anonymization Technology

We acknowledge that Users may utilize VPNs or encrypted protocols for legitimate privacy or stable connectivity. However, VPN usage must not be used to facilitate transactions that violate the prohibition of domestic business activity outlined in Section 3.

6. Transaction Monitoring and "Hold" Protocols

In accordance with international protocols, the Service does not perform immediate returns of flagged funds.

  • Administrative Hold: Payments flagged for links to prohibited business activity will be placed on "Hold" for internal audit.
  • Non-Disclosure: We are legally prohibited from informing the User if a Suspicious Activity Report (SAR) has been filed (Anti-Tipping Off).
  • Regulatory Clearance: Funds held due to sanction risks will remain held until the Service receives explicit clearance from the competent Financial Intelligence Unit (FIU).

7. Data Privacy and Retention

Records are retained for a minimum of five (5) years in strict compliance with the General Data Protection Regulation (GDPR).

While the standard retention period is five (5) years, the Service reserves the right to retain records for longer periods if required by a formal request from regulatory, financial intelligence, or law enforcement agencies.

For more detailed information on how we collect, handle, and protect your personal data, please consult our full Privacy Policy.

8. User Declaration

By using this Service, the User warrants that:

  1. They are the sole legal owner of the funds;
  2. Funds are not derived from business activity within sanctioned jurisdictions;
  3. Funds are not derived from any kind of illegal activity;
  4. Their use of the Service complies with the laws of their actual place of economic residence.

Last updated: March 2026

See also our:

Comments

Post a Comment

Читаемое и почитаемое

Disclaimer & Risks

Legal Disclaimer and Risk Warning 1. Corporate Status and Restricted Jurisdictions Universal Valuables Inc. is an unregulated legal entity operating strictly in its own commercial interests. The company operates under the jurisdiction of the Republic of Panama as an offshore enterprise, conducting its business in accordance with the "best practices" of international law. Restricted Jurisdictions: In addition to restrictions imposed on individuals and entities located in internationally sanctioned jurisdictions or "blacklisted" zones (as defined by FATF and other international regulatory bodies), we strictly do not provide services to, nor do we process transactions for or on behalf of: Citizens, residents, or corporate entities of the United States of America ; Tax residents of the Republic of Panama . 2. Nature of Digital Assets and Inherent Risks ...
Post a Comment
Read more

Crypto Exchangers

Crypto Exchangers: What They Are, Differences from Exchanges, and Features of Working with Stablecoins.  In the world of digital finance, crypto exchangers (or internet currency exchange points) play a key role in converting traditional money into cryptocurrency and back. These services allow users to quickly and conveniently exchange fiat currencies, such as USD, for stablecoins like USDT (Tether) or USDC (USD Coin), and vice versa. In this article, we will explore what crypto exchangers are, their historical roots, differences from crypto exchanges, and focus on depositing/withdrawing stablecoins via bank transfers. We draw on the evolution of electronic currencies, including systems like E-Gold and WebMoney, as well as modern monitoring tools such as BestChange . Historical Roots of Crypto Exchangers The concept of internet currency exchange points dates back to the late 1990s – early 2000s, when the first electronic money systems emerged. One of the pioneers was E...
Post a Comment
Read more

Buy USDT by wire

Funding USDT via Bank Wire 2026: Corporate Guide to Panama, UAE, and Asia. In 2026, converting fiat to stablecoins (on-ramp) for corporate entities requires a clear distinction between retail and institutional channels. Selecting the wrong method can cost a business between 1% and 4% in hidden fees on every single transaction. 1. Retail vs. Institutional Tariffs The golden rule for any finance department is: "convenient" buttons in mobile banking apps are always the most expensive route. Retail Segment: Losses of 2.0% – 5.0% . This includes mobile crypto-banking apps (e.g., ikigii by Towerbank ) and integrated exchange widgets (MoonPay, Banxa). These solutions are suitable for operational expenses under $10,000. Institutional Segment (Wholesale): For transactions exceeding $50,000 – $100,000 , direct lines with OTC desks or institutional banking departments are used. Here, total losses can be reduced to 0.3% – 1.0% . Important: We strict...
Post a Comment
Read more