BitDash Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF) Policy

Last Updated: March 6, 2025

BitDash is committed to preventing money laundering, terrorist financing, fraud, and other financial crimes. This Anti-Money Laundering ("AML") and Counter-Terrorist Financing ("CTF") Policy outlines the procedures and controls implemented to ensure compliance with applicable regulations and international standards.

This policy applies to all users, employees, contractors, and partners using or operating the BitDash platform.

1. Purpose

The purpose of this AML/CTF Policy is to:

  • Prevent the BitDash platform from being used for money laundering or terrorist financing
  • Comply with applicable financial crime regulations
  • Protect the integrity of the financial system
  • Establish procedures for customer verification, monitoring, and reporting

BitDash follows global AML standards including recommendations of the Financial Action Task Force (FATF).

2. Scope

This policy applies to all services provided by BitDash, including:

  • Cryptocurrency trading
  • Digital asset transfers
  • Wallet services
  • Payment processing
  • Any other financial services offered through the platform

All users must comply with this AML policy when accessing BitDash services.

3. Customer Identification Program (KYC)

To prevent illegal activity, BitDash requires users to complete Know Your Customer (KYC) verification.

Users may be required to provide:

  • Full legal name
  • Date of birth
  • Residential address
  • Government-issued identification (passport, ID card, or driver's license)
  • Selfie or biometric verification
  • Proof of address (utility bill or bank statement)

Additional verification may be required depending on transaction size, jurisdiction, or risk level.

BitDash reserves the right to refuse or terminate services if verification cannot be completed.

4. Enhanced Due Diligence (EDD)

Certain users may be subject to Enhanced Due Diligence procedures.

EDD may apply to:

  • High-value transactions
  • Politically Exposed Persons (PEPs)
  • High-risk jurisdictions
  • Suspicious transaction patterns

Additional documentation may include:

  • Source of funds documentation
  • Source of wealth verification
  • Business ownership documentation
  • Corporate registration documents

5. Transaction Monitoring

BitDash continuously monitors transactions to detect suspicious activity.

Monitoring includes:

  • Unusual transaction sizes
  • Rapid movement of funds
  • Use of mixing services or privacy tools
  • Transactions linked to high-risk wallets
  • Activity inconsistent with user profile

Automated systems and manual reviews may be used.

6. Suspicious Activity Reporting

If suspicious activity is detected, BitDash may:

  • Freeze or restrict the user account
  • Request additional verification
  • Report suspicious transactions to relevant authorities

Reports may be submitted to regulatory authorities as required by law.

Users will not be notified when such reports are filed if prohibited by law.

7. Sanctions Compliance

BitDash complies with international sanctions regulations.

Users located in or associated with sanctioned jurisdictions may be restricted from using the platform.

Sanctions screening may include lists maintained by:

  • Office of Foreign Assets Control (OFAC)
  • United Nations Security Council
  • European Union sanctions lists

Accounts linked to sanctioned entities may be suspended or terminated.

8. Record Keeping

BitDash maintains records related to AML compliance including:

  • User identification records
  • Transaction histories
  • Verification documents
  • Suspicious activity reports

Records may be retained for at least five years or longer if required by law.

9. Risk-Based Approach

BitDash uses a risk-based approach to AML compliance.

Users may be categorized into risk levels based on:

  • Geographic location
  • Transaction volume
  • Account behavior
  • Payment methods
  • Regulatory requirements

Higher-risk users may be subject to additional monitoring.

10. Prohibited Activities

Users may not use the BitDash platform for illegal activities including:

  • Money laundering
  • Terrorist financing
  • Fraud or scams
  • Sanctions evasion
  • Darknet market transactions
  • Illegal goods or services

Accounts found to be involved in such activities will be immediately suspended.

11. Account Freezing and Investigation

BitDash reserves the right to:

  • Freeze accounts suspected of illegal activity
  • Delay or cancel transactions
  • Request additional documentation
  • Cooperate with law enforcement authorities

Funds may remain frozen while investigations are ongoing.

12. Compliance Program

BitDash maintains an internal compliance program that includes:

  • AML policies and procedures
  • Employee training
  • Risk assessments
  • Independent audits
  • Ongoing monitoring systems

Employees are trained to detect and report suspicious financial activity.

13. Law Enforcement Cooperation

BitDash cooperates with law enforcement and regulatory authorities when required by law.

Information may be disclosed in response to:

  • Court orders
  • Subpoenas
  • Government investigations
  • Regulatory requests

Requests should be submitted to: support@bitdash.app

14. Policy Updates

BitDash reserves the right to update this AML Policy at any time.

Updated policies will be published on the platform.

Continued use of the services indicates acceptance of the revised policy.

15. Contact Information

For AML or compliance inquiries:

BitDash

Email: support@bitdash.app

Website: bitdash.app