# AML Policy

> PayPunks anti-money laundering policy: KYC procedures, transaction monitoring and sanctions screening against OFAC, UN and EU lists.
> Source: https://paypunks.io/legal/aml/ · Last updated 2024-10-01

> Last updated: October 2024

## 1. Anti-Money Laundering (AML) Compliance

PayPunks is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. We adhere to all applicable laws and regulations.

## 2. KYC Procedures

We implement robust Know Your Customer (KYC) procedures to verify the identity of our users. This may include collecting government-issued IDs, proof of address, and corporate documentation.

## 3. Transaction Monitoring

Our Risk Control Engine continuously monitors transactions for suspicious activity. We reserve the right to freeze funds and report suspicious transactions to relevant authorities.

## 4. Sanctions Screening

We screen all users and transactions against global sanctions lists (e.g., OFAC, UN, EU) to ensure compliance with international sanctions regimes.

---

Contact: Telegram https://t.me/paypunks_io · call https://lunacal.ai/paypunks/meeting · email support@paypunks.io
Machine-readable facts: https://paypunks.io/agent-facts.json