Last Updated: June 28, 2026
FiatXPay is committed to implementing high-tier compliance controls to prevent the abuse of our Services for money laundering, terrorist financing, fraud, and other financial crimes. We closely align our policies with guidelines from the Financial Action Task Force (FATF), European Union AML directives, and relevant local legislation in the jurisdictions we serve.
We apply a risk-based approach to identify and verify all platform participants. Verification is conducted in compliance-oriented tiers based on transaction size, cumulative volume, and risk profiles:
Requirements: Verified email address and verified mobile phone number.
Allows platform exploration and minimal, high-grade security checks.
Requirements: Tier 0 + Government-issued photo ID (passport, national ID, or driver's license) + Real-time biometric selfie check.
Required for standard transactions up to standard limits.
Requirements: Tier 1 + Proof of physical address (utility bill, bank statement, or official government correspondence dated within the last 3 months).
Required for high-value transactions and corporate traders.
Our system and compliance staff monitor incoming digital asset deposits and outgoing fiat payout requests. We analyze for patterns including:
We do not onboard users or process transactions for individuals, entities, or jurisdictions listed on international sanction databases, including OFAC, the United Nations Security Council, European Union, and HM Treasury sanction lists.
Restricted Jurisdictions: Services are strictly unavailable to citizens, residents, or entities registered in Cuba, Iran, North Korea, Syria, Crimea, Donetsk, and Luhansk regions, or any other countries where crypto exchange activities are prohibited by local law.
Where compliance personnel identify transactions or behavior with no apparent economic utility or clear lawful purpose, or where we suspect association with money laundering or criminal activities, we are legally required to file Suspicious Activity Reports (SARs) with the appropriate Financial Intelligence Unit (FIU).
Note: Under typical AML regulations, we are strictly prohibited from warning or informing a user ("tipping off") that a suspicious activity report has been filed or that their transaction is under investigation.
FiatXPay designates a Compliance Officer responsible for supervising AML controls, maintaining program documents, and training customer service and execution staff. Employees receive regular instruction on fraud detection, identity verification, risk categorization, and escalation procedures.