KYT Policy

The KYT (Know Your Transaction) policy is aimed at identifying the transaction client in case of a precedent when the Service has reasonable suspicions that the Client uses Finex24.io for wrong purpose.
Such a precedent may appear if the Service suspects the Client of illegal actions that can be regarded as laundering or an attempt to launder illegally obtained digital assets or the money have a frankly criminal source. For these purposes, the Service has the right to use any legal information, any other means of analyzing the source of digital assets, as well as its own screening systеm elaborations.
In such situations The Service Finex24.io has a certain right to:

1. Require the Client to provide additional necessary information revealing the source of digital assets and/or confirmation that these assets were not obtained by criminal means.

2. Block the account and any transaction related to the client, transfer to the financial activity control and/or law enforcement agencies at the place of registration of the Service and, if necessary, at the Client’s registration address all information and documents existing on the incident.

3. Require from the Client documents confirming identity, physical existence, registration address, solvency.

4. To return digital assets only to the banking details from which the transfer was made or to switch to other banking details, after a full check by the security agency of the Service, if it was possible to verify the legal origin of the Client’s money.

5. Refuse the Client to withdraw money to third-person accounts without any explanation.

6. Withhold the client’s money until the incident is fully investigated.

7. The Service reserves the right to observe the entire chain of transactions in order to identify suspicious actions.

8. The Service has the right to refuse to confirm the Client’s request if the Service has reasonable suspicions about the legality of the source of digital assets and to withhold money on special accounts of the Service.

9. The Service has the right to refuse to to confirm the Client’s request if the Service has reasonable suspicions about the legality of the source of digital assets and to withhold money in special accounts of the Service if it is impossible to trace the entire chain of transactions of digital assets from the moment of their appearance.

10. The Service has the right not to reveal information about the methods and results of verification.