Anti-Money Laundering and Counter-Terrorist Financing Regulation (AML/CFT)

Nicexchanger.cc digital asset platform

The document was developed based on FATF recommendations and the legislation of the countries of operation.

1. General principles and objectives

Nicexchanger.cc (hereinafter referred to as the "Platform") prioritizes security and legality in its operations. This policy is intended to prevent the use of the Platform"s infrastructure for illegal purposes, ensure compliance with international regulations (including FATF standards), and maintain the trust of regulators and clients.

Key policy objectives:

* Minimizing the risks of money laundering (AML) and counter-terrorist financing (CFT).

* Compliance with regulatory requirements of the jurisdictions of presence.

* Protecting the Service"s reputation and ensuring transparency of operations.

 

2. Obligations and compliance standards

The platform undertakes a number of obligations to ensure the security of the ecosystem:

1. Identification and monitoring : Implementation of KYC (Know Your Customer) and KYT (Know Your Transaction) procedures.
2. Risk assessment: Systematic analysis of user profiles and their activities.
3. Flow Monitoring: Continuously screens transactions for anomalies.
4. Response: Blocking assets and suspending operations when AML/CFT threats are identified.
5. Reporting: Transfer of data to authorized bodies (financial monitoring, etc.) in accordance with the law.
6. Data storage: Archiving of personal information and transaction history for at least 5 years.
7. Training: Regular training of employees on compliance issues (at least once a year).
8. Legality of assets: Guarantee of compliance of transfers with FATF and OFAC standards.

Requirements for payout addresses:

All outgoing crypto transfers are made exclusively to:

* Unique one-time addresses.

* Low-risk addresses (confirmed by AML analytics).

* Wallets of licensed crypto platforms.

 

3. User verification (KYC)

Identification is mandatory for transactions above established limits. The platform uses third-party certified solutions for data verification.

Access levels and limits

In accordance with the legislation of the country of registration, a two-level verification system is in effect:

 

Level:	Status:	Required data:
Level 1 (Standard)	Low risk	Email, ID, proof of address
Level 2 (Advanced)	High AML status / Increased risk	Level 1 data + proof of source of funds (SoF)

 

Source of Funds Policy

Under enhanced identification procedures (EDD), clients may be required to provide information regarding the legitimacy of their funding sources. The list of accepted documentation is public and includes the following categories:

• Results of commercial and labor activity: labor agreements, tax returns, financial statements of business entities.
• Bank transaction history: account statements recording the receipt of funds.
• Capital and property management: dividend reports, asset alienation (purchase and sale) agreements.
• Gratuitous transfers: certificates of inheritance, gift agreements.

The Service reserves the right to request other documents necessary for a full risk assessment.

Document requirements

All documents provided must contain Latin transliteration of data.

Identity card

Valid documents with a photo, full name, date of birth and the following details are accepted:

* Internal passport of a citizen.

* Foreign passport.

* driver"s license.

Proof of address (not older than 3 months)

* Lease agreement or bank statement.

* Utility bills (electricity, water, gas).

* Tax return.

* Other official documents with a current address (for the last 90 days).

Biometric verification

A customer"s selfie with a piece of paper with "Nicexchanger.cc" and the current date written on it.

Important : The platform reserves the right to request additional documents or refuse service if the authenticity of the data is in doubt. Verification may be repeated at any time, especially in the event of suspicious activity.

Review periods

*Standard document verification: 1–24 hours.

* Enhanced Due Diligence (EDD): 24–72 hours.

Restrictions: Users from sanctioned jurisdictions (FATF, OFAC, EU, UN, and the list in Appendix No.1) are not served.

 

4. Transaction monitoring (KYT)

Analysis of transactions is performed automatically and manually using specialized software (for example, AMLBot and similar software).

Analysis criteria:

1. Linking addresses to sanctions lists, the dark web, fraudulent schemes, or stolen funds.
2. The fact of using mixers, tumblers and anonymization tools.
3. Suspicious patterns:

* Smurfing.

* Uncharacteristic volumes of transactions.

* Operations from high-risk regions.

Risk scoring model

Each transaction is assigned a risk category based on the provider"s algorithms:

* 🟢 Low: risk up to and including 62%.

* 🟡 Medium: risk from 63% to 70%.

* 🔴 High: risk of 72% or higher.

Note: This rating is probabilistic. Transactions with a High Risk status are subject to manual review by an officer and may be blocked.

You can check your address in advance via: https://www.bestchange.com/report/

 

5. Client categorization

Depending on the risk profile, different Due Diligence procedures are applied to clients:

1. Low Risk: Standard Check (CDD).
2. Medium risk: Enhanced monitoring, data re-checking every 2 years.
3. High Risk: Enhanced Due Diligence (EDD), which includes a source of funds inquiry, in-depth history analysis, and annual KYC update.

Automatic classification as High Risk:

* PEP (politically exposed persons) and their entourage.

* Residents of countries from the FATF High-Risk Jurisdictions list.

* The client’s annual turnover is over USD 100,000.

 

6. Procedures for detecting violations

If money laundering or terrorist financing is suspected, the Platform will proceed as follows:

1. Stop Operation: Immediately stop a transaction.
2. Block: Freeze the account until the investigation is completed.
3. Reporting: Generation of internal report (SAR/STR).
4. Notification of authorities: If there are grounds, information is transferred to regulators (Rosfinmonitoring, FinCEN, EU FIU, etc.).

The user"s refusal to undergo verification is grounds for termination of the service agreement.

 

Financial conditions for refunds (AML cases)

* Refund fee: up to 5% of the amount, but not more than $100 equivalent.

*Exception: If assets are officially recognized as illegal and subject to seizure by authorized bodies, no return will be made.

* Clean Funds: If no laundering connection is confirmed after KYC/SoF verification, no fee will be charged (blockchain network fee only).

 

7. Infrastructure, security and control

Working with partners

* Prohibition of cooperation with platforms from countries with weak AML regulation.

* Mandatory Due Diligence for all counterparties (exchanges, gateways, APIs).

* Requirement for partners to have licenses and comply with AML/CTF standards.

Data protection

* Encryption: Applying industry security standards.

* Location: Servers in GDPR and MiCA compliant jurisdictions.

*Access: Authorized personnel only.

* Storage period: Minimum 5 years after the end of cooperation (unless otherwise required by law).

Internal audit

* A responsible AML officer has been appointed (contact: support@nicexchanger.cc).

*Staff training is conducted annually.

* Compliance system audit – quarterly (external consultants may be involved).

 

8. Final Provisions

This document is part of the Nicexchanger.cc User Agreement.

* The Platform reserves the right to change the Policy unilaterally by publishing notices on the website.

* Use of the services constitutes automatic agreement with the terms of this AML policy.

 

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Appendix No. 1: Prohibited Jurisdictions (High Risk)

Service is not available to residents and transactions related to the following territories:

• Afghanistan, Iran, North Korea, Syria, Yemen, Libya, Somalia, Cuba, Crimea, Transnistria, Venezuela, Myanmar (Burma).
• All current FATF, OFAC, EU and UN sanctions lists also apply.

 

Contact information for compliance matters:

• support@nicexchanger.cc (Reporting Suspicious Activity / Responsible AML Officer)

Effective Date: January 2, 2026

© Nicexchanger.cc, 2026.