Offshore Stream is committed to preventing money laundering, terrorist financing, and other financial crimes through our cryptocurrency payment gateway services. This AML Policy outlines our comprehensive compliance framework for Bitcoin (BTC), Ethereum (ETH), TRON (TRX), and TON blockchain transactions.
We implement a risk-based approach to AML compliance, with enhanced due diligence for high-risk transactions and jurisdictions. Our system monitors all transactions in real-time using advanced blockchain analytics and machine learning algorithms to detect suspicious patterns.
While we offer no KYC/KYB by default for faster onboarding, we implement transaction monitoring thresholds that trigger enhanced verification. Transactions exceeding $10,000 USD equivalent daily or $25,000 USD equivalent monthly require identity verification and source of funds documentation.
Our AML program includes customer due diligence (CDD), enhanced due diligence (EDD), suspicious activity reporting (SAR), ongoing monitoring, and independent compliance audits. We maintain comprehensive records of all transactions and verification documents for minimum 5 years.
We prohibit transactions involving sanctioned countries, individuals, and entities as designated by OFAC, UN, EU, and other relevant authorities. Our screening systems automatically cross-reference against international sanctions lists and block prohibited transactions.
High-risk sectors including but not limited to online gambling, adult entertainment, cryptocurrency mixers, and privacy coins require mandatory KYC/KYB verification regardless of transaction volume. These sectors are subject to enhanced monitoring and reporting.
We implement blockchain analytics tools to trace transaction origins and destinations, identify mixing services, and detect patterns indicative of money laundering or terrorist financing. Our system flags transactions involving high-risk addresses for manual review.
Our compliance team conducts regular risk assessments and updates our AML procedures to address emerging threats and regulatory changes. We maintain relationships with law enforcement agencies and regulatory bodies worldwide.
All employees receive mandatory AML training and are required to report suspicious activities to our compliance department. We maintain a whistleblower protection program for reporting potential violations.
For x402 protocol transactions, we implement additional verification measures for AI agent payments and automated transaction systems to prevent exploitation for illicit purposes.
We reserve the right to freeze accounts, block transactions, and report suspicious activities to relevant authorities without prior notice. Users may appeal compliance decisions through our internal review process.
Our AML policy complies with FATF recommendations, EU AML Directives, US Bank Secrecy Act, and other applicable international regulations. We undergo independent audits annually to verify compliance effectiveness.
For questions about our AML policy or to report suspicious activities, please contact our compliance team at [email protected]. For regulatory inquiries, contact [email protected] or visit https://offshore.stream
Important Notice: Cryptocurrency regulations are evolving rapidly. Users are responsible for ensuring compliance with their local AML/CFT laws and reporting obligations. Failure to comply may result in account suspension and regulatory reporting.