AML refers to "Anti-Money Laundering". KYC refers to "Know Your CustomerIntroduction
We strive to protect our Users from fraudulent and scam activities in the crypto assets sphere. It is possible, that certain crypto assets are used for scam or any other criminal activity, as defined by law. In order to prevent this, it is necessary to take measures to ensure customer verification and security of financial transactions. One of the best measures is AML/KYC procedure, which allows us to confirm, that you are a law-abiding individual or corporation.
INICEX service has a risk scoring system that is able to spot suspicious activity. If a transaction is flagged by the system, it is put on hold and the User is asked to pass AML & KYС verification. For the reasons of security, we are not able to disclose specific criteria of our system, however, it has proven to be very effective against money launderers, scammers etc.
INICEX service reserves the right to apply the AML/KYC procedure to certain Users, addresses and particular transactions of crypto assets. Application of the AML/KYC procedure is based on INICEX service internal policies and aimed at preventing and mitigating possible risks of INICEX service being involved in money laundering as well as any other illegal activities.
INICEX service can provide the information collected during AML/KYC procedure to the competent authorities upon legitimate request.
INICEX service will not enter a business arrangement with individual or entity suspected of or directly involved in money laundering, or in which the funds have been the source of illegal activity.AML and KYC Procedure
AML/KYC procedure might be applied in respect to those crypto assets payins, which are determined by our automated risk prevention system as suspicious. In these cases, INICEX service will contact the User by email registered with account.
AML/KYC procedure includes confirming the identity of Users by means of:
AML/KYC is not just for exchange.
If you have any questions about AML/KYC procedure, please contact us via