AML / KYC Policy

Fiatly is committed to preventing the use of our marketplace for money laundering, terrorist financing, and other financial crimes. This AML/KYC Policy outlines the controls in place to detect and deter such activity.

This policy applies to all users who transact on the platform. It is designed to comply with applicable anti-money laundering (AML) laws and financial regulations across the jurisdictions in which we and our partners operate.

Payment processing and identity verification on our platform are conducted by Wert, a regulated payment services provider that holds appropriate licenses in its operating jurisdictions.

Wert performs Know Your Customer (KYC) checks as part of its payment flow, including identity document verification, liveness checks, and sanction screening. By using the checkout, you consent to Wert's verification and data-processing procedures.

We do not independently collect or store identity documents. All identity verification data is processed and retained by Wert subject to their privacy policy and regulatory obligations.

Customers may be required to provide government-issued identity documents, proof of address, and other information as part of Wert's verification process before a transaction is approved.

Enhanced due diligence may be applied to higher-value transactions, unusual transaction patterns, or users identified as higher risk based on Wert's risk-assessment criteria.

All customers and transactions are screened against international sanctions lists, including those published by OFAC (US), the EU, the UN, and other relevant authorities.

Politically Exposed Persons (PEPs) and individuals or entities on watch lists are subject to enhanced scrutiny. Transactions involving sanctioned parties are automatically declined.

Transaction patterns are monitored for indicators of suspicious activity, including unusually large purchases, rapid successive transactions, or patterns inconsistent with a user's stated purpose.

Suspicious activity may be reported to relevant financial intelligence units as required by applicable law without notifying the subject of the report (tipping-off restrictions apply).

The Service is not available to individuals or entities located in, or acting on behalf of persons in, jurisdictions subject to comprehensive international sanctions, including but not limited to: North Korea, Iran, Cuba, Syria, and the Crimea, Donetsk, and Luhansk regions.

The following activities are strictly prohibited: structuring transactions to evade reporting thresholds; using the Service to layer, place, or integrate proceeds of crime; providing false information during verification; or acting as a proxy for a prohibited party.

We and our payment partner maintain records of customer identity information, transaction details, and compliance decisions for a minimum of five years, or longer where required by applicable law.

Records may be provided to law-enforcement or regulatory authorities upon receipt of a lawful request.

We and our partners are required to file Suspicious Activity Reports (SARs) or equivalent reports with relevant financial intelligence authorities when we have reasonable grounds to suspect money laundering or terrorist financing.

We are legally prohibited from disclosing to a customer that a report has been filed or that an investigation is underway.

By using the Service, you represent that: (a) the funds used for purchases are derived from legitimate sources; (b) you are not acting on behalf of a sanctioned party or prohibited jurisdiction; and (c) the purchase is not intended to facilitate any illegal activity.

You agree to cooperate with any reasonable verification requests and to provide accurate information at all times.

For compliance-related enquiries, or to report a concern, please contact us through the support channels listed on the Service. For urgent matters related to suspected financial crime, please also contact the relevant authorities in your jurisdiction.