AML/KYC Policy
Introduction
Atomic shares values of a decentralized Internet and personal privacy is the basis of this philosophy. We are not required and we do not collect any personal information about the identities of the people that are downloading and using the Atomic Wallet software.
However, when you use services that are provided by the Third Party Service Providers, you might be required to go through their onboarding process and be requested to provide personal information in accordance with their Anti-Money Laundering and Know Your Customer Policy (hereinafter – the “AML/KYC Policy”). The AML/KYC Policy is designated to prevent and mitigate any possible risks of being involved in any kind of illegal activity.
Both international and local regulations require the Third Party Service Providers to implement effective internal procedures and mechanisms to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery and to take action in case of any form of suspicious activity from its users.
Important information
AML/KYC Policy of our Third Party Service Providers might cover the following matters:
- Identity verification procedures
- Transaction monitoring procedures
- Card verification
1. Verification procedures
One of the international standards for preventing illegal activity is customer due diligence (“CDD”). According to CDD, Atomic’s Third Party Service Providers establish verification procedures within the standards of AML/KYC frameworks, including but not limited to the identity verification. For example, for the Third Party Services such as crypto asset purchase or crypto asset swaps the user might be required to provide a reliable ID document. Important to note that Atomic itself does not collect any personal users’ data. To know more, check our Privacy Policy.
2. Card verification
Users who are intended to use payment cards to buy crypto assets have to pass card verification in accordance with instructions provided by our Third Party Service Providers. Atomic guarantees that we do not collect or store this data.
