AML & KYC Policy

Anti-Money Laundering Policy and Know-Your-Client 

(AML and KYC)

Capital Holding Europe UAB (hereinafter Cashship Exchange or Company) has established a compliance department responsible for anti-money laundering and Know Your Client (AML and KYC) procedures, which are mandatory for all employees, and which determine the policy of engagement with any person or company that has an account on the website: www.exchange.cashship.com..

You can learn the core of the Company's anti-money-laundering policy as outlined here.

KNOW-YOUR-CLIENT PROCEDURES

Cashship Exchange’s KYC verification process for corporate and individual clients meets local and international AML/CTF requirements. Individual cryptocurrency traders and corporate cryptocurrency and fiat traders are verified in several ways. At the Company's request, the client may need to furnish further documents and information. Refusing to produce documents on the Company's compliance request may result in suspension or termination of relations. The Company requires KYC questionnaire, live verification, and video verification.

TRANSACTION MONITORING

Cashship Exchange verifies the client bank's reputation, location, and license. The client may only deposit and withdraw from one bank account. The Company verifies transactions instantly. In the event of suspicious transactions on the client's account, cash or crypto repos from untrusted sources, or fraud, the Company reserves the right to conduct an internal investigation, block or close the Client's Trading Room or any Account, cancel any payments or trade orders, and suspend Account operations.

AML CHECKS/SANCTIONS

All Cashship Exchange Clients (including controllers and beneficial owners) are screened, including sanctions screening, to prevent money laundering and terrorism funding. The Company must additionally verify Clients' behavior and keep accurate beneficial ownership information.

SERVICE DELIVERY BY GEOGRAPHY

According to EU and FATF listings, the Company does not provide services to people in high-risk, non-cooperative jurisdictions with AML/CFT strategic inadequacies (including Iran, North Korea, etc.).

RISK ASSESSMENT

AML/CTF risk is identified, evaluated, understood, and mitigated by the Company using a risk-based strategy that considers risk factors such as Client, Product, Geography, and Channel.