At 99Exch, we are fully committed to maintaining the highest standards of financial safety, transparency, and regulatory compliance. Our Anti-Money Laundering (AML) Policy is a key part of our operational framework and is implemented to safeguard users and the platform from potential financial crimes including fraud, illegal money movement, and terrorist financing.
This policy reflects our adherence to international AML laws, promotes ethical practices, and strengthens trust with our global user base.
1. Purpose and Scope
The purpose of this policy is to define 99Exch’s approach for detecting, preventing, and reporting financial crimes across the platform.
Our goals include:
✔ Preventing the use of the platform for illegal financial activities
✔ Remaining fully compliant with AML and Counter-Terrorism Financing (CTF) regulations
✔ Protecting the integrity, reputation, and long-term security of 99Exch
✔ Encouraging transparency, accountability, and compliance among all users and staff
This AML Policy applies to all users, employees, service partners, and associates interacting with 99Exch services.
2. Key AML Objectives
Our AML compliance strategy focuses on four core principles:
a. Prevent Money Laundering
We deploy automated systems, flagging mechanisms, and dedicated compliance processes to identify and stop suspicious or illegal financial behavior.
b. Ensure Legal and Regulatory Compliance
99Exch adheres to all relevant national and international regulations including KYC (Know Your Customer) and CTF frameworks.
c. Promote Transparency
We maintain strict internal controls, clear communication channels, and thorough documentation to ensure full accountability.
d. Protect Users and the Platform
By proactively identifying risks, we ensure financial security and user trust while minimizing operational risks.
3. Customer Due Diligence (CDD)
To comply with AML standards, all 99Exch users must undergo verification procedures before accessing financial services.
Identity Verification Requirements
Users must provide documented proof of identity, including:
- A valid government-issued photo ID
- Proof of address (e.g., utility bill, bank statement)
- Additional documents upon request
Only verified users are permitted to deposit, withdraw, or participate in real-money transactions.
Know Your Customer (KYC) Screening
We perform KYC checks to:
- Confirm user identity
- Assess potential financial risk
- Detect suspicious, inconsistent, or unusual activity
Enhanced Due Diligence (EDD)
If an account is flagged as high-risk, additional verification may be required, including:
- Proof of income or source of funds
- Detailed transaction reviews
- Periodic identity revalidation
EDD provides extra oversight for higher-risk accounts.
4. Monitoring and Reporting
99Exch uses real-time automated monitoring tools and manual review processes to detect unusual or suspicious activity.
Ongoing Transaction Monitoring Includes:
- Unexpected large transfers
- Rapid deposits followed by immediate withdrawals
- Transactions inconsistent with user behavior
- Multi-account fund movement patterns
Any activity flagged outside established behavior triggers compliance review.
Suspicious Activity Reporting (SAR)
If suspicious activity is confirmed:
- The case is documented and escalated internally
- Reports may be submitted to relevant regulatory authorities
- We fully cooperate with official investigations
5. Internal Controls & Staff Training
AML compliance is reinforced through strict internal governance and employee education.
Internal AML Protocols Include:
- Standardized verification procedures
- Risk scoring and escalation systems
- Regular compliance audits and policy reviews
Employee Training
All employees undergo ongoing AML and compliance training covering:
- AML/CTF laws and regulatory standards
- Identifying and reporting suspicious activity
- Secure handling of private financial data
6. Record Keeping
99Exch securely stores all user identification records, transaction logs, and AML compliance documentation for the legally required retention period.
All records are handled confidentially and in accordance with data protection laws and our Privacy Policy.
7. Policy Review and Continuous Improvement
Compliance requirements evolve—and so do we.
This AML Policy is reviewed periodically to align with:
- Regulatory changes
- Emerging risk trends
- International compliance standards
Our compliance team continuously updates processes and technology to maintain platform safety.
8. Our Commitment
At 99Exch, we place user protection, transparency, and responsible operational standards at the core of our business. Our Anti-Money Laundering Policy ensures a secure environment built on trust, compliance, and ethical financial practices.
If you have any inquiries regarding this AML policy or require compliance-related assistance, please contact our Compliance Department via official support channels.