AML Policy

Coin Reserve is a digital currency exchange provider registered with AUSTRAC and FINTRAC under the Anti-Money Laundering and Counter Terrorism Act and related regulations.

As a digital currency exchange provider, Coin Reserve has a number of obligations in relation to customer identification.

Before we can provide a designated service (including buying or selling cryptocurrency), we are required to verify some basic identification information about our customers – such as their name, address and (for individuals) date of birth. With additional information required for businesses. We will evaluate the risk posed by each customer according to local laws, employing a risk-based approach. This categorisation helps prevent/mitigate fraud, money laundering, and terrorism financing, with various techniques in place for risk identification and mitigation.

We conduct thorough screenings of our customers against Adverse Media, PEP lists, and sanction databases. Coin Reserve strictly refrains from engaging in transactions with entities listed on prescribed sanctions lists. Our regular screening process covers all government and available databases.

We actively monitor customer transaction patterns to identify any unusual or suspicious activities. We reserve the right to request additional information from customers in case of suspicious transactions and report such incidents to relevant authorities through our Compliance officer. Regular Suspicious Matter Reports are submitted as needed.

All customer information is collected, stored and used in compliance with all applicable privacy legislation and our Privacy Policy available in the Privacy Policy section of our website.

For further information, please refer to the information provided on this website, or contact us, at support@coinreserve.net