Post
Topic
Board Service Announcements
Re: Crex24.com - Cryptocurrency Exchange [Official Thread] (Fiat deposit/withdrawal)
by
crex24
on 15/05/2019, 13:09:20 UTC

This is a standard KYC policy: https://crex24.com/aml
....transaction monitoring and analysis of any significant deviations from the normal activity of the Users;
What do you mean by "deviations from normal activities"?
From here, a funny concept and any user activity can be interpreted as a violation.
If a client is suspected of violating the KYC policy, what will you do: will you not accept funds for a deposit or will you accept and block them?

Quote
User transaction monitoring and data analysis is also a tool for risk assessment and detection of suspicious transactions.

What does suspicious transactions mean and how do you determine that they are suspicious?
Is this approach not a legitimate type of fraud aimed at misappropriation of foreign funds?
that the money obtained illegally can only be determined by the court.
If we receive the email, with police/court order, and address, which belong to our user we:
Will temporarily freeze this account.
Will send the copy of this order to user.
Will wait the end of the investigation.

Therefore, if coins were stolen - we'll do our best to return them to their rightful owner.

We'll never freeze any account "just because we want to".