- Overview
[Flipgc] is committed to the highest standards of compliance in the fight against money laundering (AML) and terrorist financing. As an independent third-party digital asset service provider, we maintain rigorous procedures to ensure a safe, transparent, and compliant trading environment. - Identity Verification (KYC)
To prevent identity theft and fraud, we implement a multi-tiered Know Your Customer (KYC) process. Users may be required to provide:
Individual Users: Government-issued photo ID (Passport, Driver’s License), proof of address, and a “selfie” for liveness verification.
Corporate Users: Business registration documents, proof of operating address, and identification of ultimate beneficial owners (UBO).
- Verification Thresholds
We apply a risk-based approach to transaction monitoring:
Standard Verification: Required for all users to access basic trading features.
Enhanced Due Diligence (EDD): For high-value transactions or users from high-risk jurisdictions, we require additional documentation, including Proof of Source of Funds (SOF) and Source of Wealth (SOW).
- Transaction Monitoring & Reporting
Our system monitors all transactions for suspicious patterns, including:
Structuring (breaking large transactions into smaller amounts).
Unusually large or frequent transfers without clear economic purpose.
Transactions involving high-risk or sanctioned jurisdictions.
We reserve the right to freeze accounts or hold transactions pending investigation and will report suspicious activity to the relevant financial authorities where required by law.
- Sanctions Screening
[Flipgc] strictly prohibits providing services to individuals or entities listed on international sanction lists (e.g., OFAC, UN, EU). All users are screened against global databases during onboarding and on a recurring basis. - Record Keeping
In compliance with international regulations, all identity records and transaction data are securely archived for a minimum of five (5) years after the termination of the business relationship.