BrickSwap complies with global AML/CTF regulations. This policy outlines our procedures to prevent illicit financial activities.
Compliance Notice:
We report suspicious activity to relevant authorities as required by law.
1. Customer Identification
1.1 For All Users
- We monitor all transactions for suspicious patterns
- Blockchain addresses are screened against sanction lists
1.2 For Account Holders
Enhanced due diligence for:
- Swaps exceeding $1,000 equivalent
- High-frequency trading patterns
- Politically Exposed Persons (PEPs)
2. Prohibited Activities
We prohibit and monitor for:
- Money laundering
- Terrorist financing
- Sanctions evasion
- Fraudulent transactions
- Darknet market activity
- Mixer/tumbler usage
3. Transaction Monitoring
Our system automatically flags:
- Unusual transaction patterns
- High-risk jurisdiction activity
- Attempted structuring (breaking large transactions into smaller amounts)
Non-Custodial Protocol:
While we never hold funds, we still monitor swap patterns for compliance.
4. Reporting Obligations
We will:
- File Suspicious Activity Reports (SARs) when required
- Comply with lawful information requests
- Block transactions from sanctioned addresses
5. Record Keeping
| Data Type |
Retention Period |
| Transaction Records |
5 years |
| KYC Documents |
5 years after account closure |
| IP Addresses |
1 year |
6. Employee Training
All staff receive:
- Annual AML certification training
- Red flag identification workshops
- Reporting procedure drills
User Cooperation Required:
We may request additional information for compliance investigations.
7. Policy Updates
This policy is reviewed quarterly and updated as regulations evolve.
8. Contact
AML Officer: aml@brickswap.org