Kriptomat is a government-licensed and regulated company that follows AML (Anti Money Laundering) and CTF (Counter-terrorist financing) procedures to protect our users and our business. It is a way of ensuring an extremely safe environment for all involved parties. You can learn more about our policies here.
A Financial Background Check is a standard check that is done by our Compliance and Risk team. Once a user exceeds a specific threshold in Fiat deposits or withdrawals, we are obliged to make this one-time additional check to help us better understand your background and the nature of your relationship with Kriptomat. You will be contacted by a representative of our Compliance team who will guide you through the process.
What do I need to provide?
1. Source of funds
You need to clearly state the source of your funds and send proof to support your statement. Choose one of the following options:
Bank account statement where your income is clearly stated (salaries),
Work contracts,
Investment contracts/statements,
Balance of funds in checking and savings accounts.
2. Proof of residence
Choose one of the following options:
Utility bill (except for mobile phone),
Electricity bill,
Bank statement,
Tax return/council tax.
What happens to my deposit? Where is my money?
Once the Financial Background Check is triggered by a deposit you can still use your funds to buy cryptocurrencies. There might be specific restrictions for transfers from your account and all future deposits will be on-hold until you provide the information and the check has been completed.
What happens if I fail the Financial Background Check or if I do not want to share the information?
If you fail to pass the check, we will not be able to offer our services to you. All your pending deposits will be rejected and funds will be sent back to the original (source) bank account. Every return of funds may incur extra transaction fees.
Users who fail the Financial Background Check will have their accounts restricted for future trading and investing.
In case of additional questions please contact [email protected].
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Do you still have any questions? Use the support chat to contact our support team or send us an email [email protected]