Key points of the AML/KYC Policy:

• is aimed at counteracting the implementation of various fraudulent schemes and activities for money laundering by the client or the user of the CookChanges online service;
• is aimed at detecting and preventing risks associated with participation in operations of an illegal nature.

The established and scheduled provisions in this policy closely interact with the internal set of conditions and Rules for using this online service.

General provisions

CookChanges provides a range of services that allow you to exchange digital currencies from around the world. The site has a complex technical composition that works in full compliance with the current AML / KYC policy. This regulation and counteraction schemes allow:

• prevent transactions of an illegal nature in the sphere of turnover of financial electronic assets;
• counter the development of terrorism;
• to prevent participation in actions that bear any illegal directions.

Operations with high levels of risk factors include: laundering of financial assets; any fraud schemes; investing in various terrorist organizations; financing of corruption; trafficking and distribution of narcotic substances, ammunition and various types of weapons; human trafficking; dissemination of materials calling for violence, war.

The online service has the following tasks:

• provide high quality services;
• create security conditions for cooperation with parallel detection and elimination of possible risk factors associated with illegal circulation of financial resources.

The AML/KYC policy is:

• an effective and efficient way to increase stability in the process of working in the sphere of virtual currency turnover;
• a set of measures to create and strengthen trusting relationships during the period of cooperation between both parties.

The implementation and implementation of the necessary and specific measures within the policy of the online service are dictated by the standards of international and local significance at the legislative level. The AML / KYC policy is involved in the timely detection of illegal transactions conducted and committed by users during cooperation with the online service.

AML/KYC policy: scope

Authorized employees within the framework of the AML / KYC policy deal with the following issues:

• continuously monitor, control, investigate transactions and users of the platform;
• assess the degree of possible risks;
• develop control schemes and carry out recognition and identification of the identity of users;
• keep records, collect, store information and data of transactions carried out as part of the site"s offers.

Authorized employees perform their duties in accordance with established requirements and standards. They are responsible and designated persons by the administration of the CookChanges online service.

Responsibilities of authorized employees

Each appointed representative of the system has the right to:

1. Monitor the correct implementation of all the provisions and conditions of the agreement related to combating money laundering and the development of illegal or terrorist business.
2. In their work, apply legal methods to collect data about customers that are needed in the process of identifying them.
3. Develop, improve and update the terms of the AML/KYC policy and online service regulations.
4. Create schemes of activities related to the completion, investigation, collection of evidence, presentation of data and the preservation of the necessary reporting documentation.
5. Actions must be carried out in accordance with established legislation and in accordance with the positions of the regulations regarding the activities carried out.
6. Monitor ongoing transactions.
7. Record and investigate suspicions, deviations and possible risks.
8. Optimize schemas to manage accounting, collection, storage, and retrieval of relevant documentation and required files.
9. Work on updating the system for assessing and fixing possible risks with a certain and stable frequency.
10. At the request of the authorized bodies, provide the necessary information in accordance with the adopted regulations and current legislation.
11. If necessary, cooperate with special forces that are fighting illegal activities and fraudulent transactions in the financial sector.

The work of the appointed persons ensures and enhances the level of efficiency of the process in which the regulation of the AML/KYC policy is implemented and observed.

The principle of assessing possible risks

The CookChanges online service uses a certain schematic procedure aimed at countering illegal transactions in the circulation of digital assets and combating investment in terrorism based on the provisions of an international definition. The scheme allows you to assess the level of all possible risks.

Using this procedure, the online service is provided with a set of measures aimed at preventing the consequences and reducing the risks associated with the laundering of financial assets and illegal operations. Such opportunities allow the distribution of available resources in the most efficient and effective way. The mechanism is developed from the position of proportional priority in risk assessment. In particular, transactions and users with high levels of risk factors are given more attention (we are talking about identity verification and identification).

Principles of identity verification and identification

The CookChanges online service strictly complies with the laws of the state.

For cooperation, the party receiving the services of the platform must go through several mandatory levels of verification during the activation process, creating a personal account and the ability to freely make the necessary transactions. The system provides for the following actions:

1. Checks if the user"s email matches. Upon successful completion of this stage, a limit is set on the turnover of digital assets, which can be carried out daily in accordance with the current exchange rate and in relation to units available in the range of services on the online service.
2. The identity of users is established and verified by means of identification, as well as the correspondence of the authenticity of personal data and details of the client. Upon successful confirmation of the information, the client can conduct legitimate active activities within the framework of the services offered by the online service. All operations on the turnover of digital monetary assets are carried out according to the exchange rate established at the time of the transactions.

To install and verify the identity, according to the AML / KYC policy, the user will be required to provide the following documents and data:

1. Identification document and its copy. The data should contain: last name, first name, full date and place of birth, photo, serial numbers. A civil or foreign passport of the user, as well as a driver"s license, will do. Documents must be current, valid and clear.
2. Official papers with the actual address of the user, where he has been living for the last 3 months. The client can provide for confirmation: an extract from the bank with the specified details; paid utility bills; tax return; other documents that are legal in nature and which indicate the actual address.
3. A photo image of the user holding an identity document with the date (when the photo was taken) in their hands.

The CookChanges online service has the right to take certain and necessary actions in order to confirm the authenticity and relevance of the information provided by the client.

As part of the audit, a multi-level reconciliation of information will be carried out in accordance with applicable law. If suspicions are found regarding the identity of the user or personal data, the online service has the right to refuse to provide services and terminate cooperation.

Authorized employees are constantly checking the transaction and customers, they are most active in cases where users conduct activities that are assessed as non-standard or suspicious. The online service system has the right to request the necessary documentation again or to ask again to update the information data.

The received information for identifying users, data on transactions already carried out and currently being carried out are collected, recorded, stored and transferred in accordance with the provisions of this and the current policy.

In cases where the CookChanges online service could not verify the relevance and reliability of the information provided or was refused to provide the necessary data, the system refuses to register and provide a range of services, considering cooperation impossible. Circumstances in which the actions taken by the client negatively affect the operation of the site due to their illegality or violation of the regulations that characterize the legal sphere of digital currency circulation lead to a break in cooperation and the impossibility of providing services in the future.

Persons under EU and UN sanctions cannot use the online service offerings. Partial or complete blocking of the account and temporary refusal of cooperation are possible in cases where the client is located or resides in the territory of one of the states that are listed on the FATF list. This regulation defines countries with a high level of risk in the financial sector. The provision applies to users who have registered recently, as well as to those who have been cooperating with the online service for a long time.

Site employees try to give advance notice of a temporary / partial / permanent stop in the provision of a range of services.

Transaction control

The CookChanges online service receives the necessary information about users for recognition, activity analysis, and personal identification. Verified information is a tool for assessing and identifying possible risks. During the procedure, a certain list of tasks is performed that monitors compliance with the necessary regulations. These include the following actions:

• data collection;
• filtration process;
• documentation accounting;
• investigation of suspicious transactions;
• drawing up reports.

The functionality of the system has the following capabilities:

1. The ability to carry out verification on an ongoing basis, taking into account certain initial data.
2. Implementation of internal communication.
3. Completion of established forms to provide the required reporting.
4. Start an investigation if necessary.
5. Implementation of data accounting and management of existing documentation.

As part of the AML / KYC policy, the online service has the right to analyze all information received from customers with the ability to track transactions. The following rights are also legal:

1. Send messages about suspicious actions to the relevant site structures that monitor compliance with the internal policy on the online service.
2. Require the user to provide additional documentation or other official confirmation if the illegality of his actions is suspected.
3. Suspend operations, temporarily or completely block the user"s ability to continue the circulation of digital monetary assets if there is suspicion of their illegal receipt.

The exchange service has the right to request verification of the User if the client"s wallet address specified in the application is related to the following definitions:

- Darknet Marketplace;

- Darknet Service;

- Fraudulent Exchange;

- Illegal Service;

- Mixing Service;

- ransom;

- Scam;

- Stolen Coins.

If connections are identified, then after verification, the funds will be returned to the sender"s details (minus a commission of 10%).

This regulation of the AML/KYC policy does not cover the full list of offenses and liability for crimes in the field of financial circulation. Clarifications and clarifications on the issues that have arisen can be obtained from authorized employees of the department by sending an e-mail to the address indicated on the " Contacts " page of the site.

Work to implement the provisions of this document is carried out daily and on an ongoing basis. Registration on the website of the online service means automatic consent to comply with all the terms and conditions of the AML / KYC policy. If you do not agree with the provisions specified in this document, it is prohibited to use the services of the site.