Compliance Framework
Anti-Money Laundering (AML), Know Your Customer (KYC), and regulatory compliance procedures
Our Compliance Commitment
XRPL.Sale is committed to maintaining the highest standards of compliance with applicable anti-money laundering (AML), counter-terrorism financing (CTF), and know your customer (KYC) regulations worldwide.
We work diligently to prevent our platform from being used for illicit activities while ensuring legitimate users can access our services efficiently and securely.
Regulatory Framework
Anti-Money Laundering (AML)
We implement comprehensive AML measures to detect and prevent money laundering activities:
- • Transaction monitoring and analysis
- • Suspicious activity reporting (SAR)
- • Risk-based customer due diligence
- • Enhanced due diligence for high-risk users
- • Regular compliance training and updates
Know Your Customer (KYC)
KYC procedures help us verify user identities and assess risk levels:
- • Identity verification requirements
- • Address verification procedures
- • Source of funds documentation
- • Politically exposed person (PEP) screening
- • Ongoing customer monitoring
Counter-Terrorism Financing (CTF)
We maintain strict controls to prevent terrorism financing:
- • Sanctions list screening (OFAC, UN, EU)
- • Terrorist financing indicators monitoring
- • Asset freezing procedures
- • Law enforcement cooperation
- • Suspicious transaction reporting
Data Protection Compliance
We comply with international data protection regulations:
- • GDPR compliance (EU users)
- • CCPA compliance (California users)
- • Secure data storage and processing
- • User consent management
- • Right to data portability and deletion
KYC Requirements by Tier
Basic Tier (Standard Users)
Investment Limits:
- • Maximum: 1,000 XRP per transaction
- • Monthly limit: 5,000 XRP
- • Annual limit: 50,000 XRP
Required Information:
- • XRPL wallet address verification
- • Basic transaction monitoring
- • Automated compliance screening
Note: Basic tier provides pseudonymous access while maintaining compliance with applicable regulations for smaller transaction amounts.
Enhanced Tier (Verified Users)
Investment Limits:
- • Maximum: 10,000 XRP per transaction
- • Monthly limit: 50,000 XRP
- • Annual limit: 500,000 XRP
Benefits:
- • Higher investment limits
- • Priority customer support
- • Early access to select projects
Required Documents:
- • Government-issued photo ID
- • Proof of address (utility bill, etc.)
- • Selfie for liveness verification
- • Source of funds declaration
Verification Process:
- • Automated document verification
- • Sanctions and PEP screening
- • Enhanced due diligence review
Premium Tier (Institutional/High-Value)
Investment Access:
- • No preset transaction limits
- • Custom investment arrangements
- • Institutional-grade service
- • Dedicated account management
Premium Benefits:
- • Exclusive project access
- • Custom terms negotiation
- • Direct project team access
- • Advanced analytics and reporting
Enhanced Requirements:
- • Enhanced KYC documentation
- • Source of wealth verification
- • Ongoing monitoring and reviews
- • Regulatory compliance attestation
Review Process:
- • Manual compliance review
- • Background verification
- • Risk assessment evaluation
- • Ongoing relationship monitoring
Transaction Monitoring & Risk Management
Automated Monitoring Systems
We deploy advanced transaction monitoring systems to identify potentially suspicious activities:
Real-Time Monitoring:
- • Unusual transaction patterns
- • Rapid succession transactions
- • Cross-border activity analysis
- • High-value transaction alerts
- • Velocity and frequency checks
Risk Indicators:
- • Sanctions list matching
- • PEP status identification
- • Geographic risk assessment
- • Wallet address risk scoring
- • Behavioral pattern analysis
Low Risk
- • Standard transaction processing
- • Automated compliance checks
- • Regular monitoring intervals
- • Normal service levels
Medium Risk
- • Enhanced monitoring procedures
- • Additional documentation requests
- • Periodic review requirements
- • Potential transaction delays
High Risk
- • Manual review required
- • Enhanced due diligence
- • Senior management approval
- • Possible service restrictions
Suspicious Activity Reporting (SAR)
We are required by law to report suspicious activities to relevant authorities. Activities that may trigger reporting include:
- • Transactions with no apparent legitimate purpose
- • Structuring to avoid reporting thresholds
- • Unusual patterns inconsistent with known business
- • Transactions involving sanctioned entities
- • Refusal to provide required documentation
- • Use of multiple or false identities
- • Transactions linked to criminal activity
- • Attempts to circumvent compliance measures
Prohibited Activities & Restricted Jurisdictions
Prohibited Activities
The following activities are strictly prohibited on our platform:
Financial Crimes:
- • Money laundering activities
- • Terrorism financing
- • Tax evasion schemes
- • Fraud and misrepresentation
- • Market manipulation
Other Illegal Activities:
- • Drug trafficking proceeds
- • Human trafficking funding
- • Weapons financing
- • Ransomware payments
- • Any sanctioned activities
Restricted Jurisdictions
Due to regulatory requirements and risk management policies, our services may be restricted or unavailable in certain jurisdictions:
- • OFAC sanctioned countries
- • UN Security Council sanctioned regions
- • EU sanctioned territories
- • High-risk jurisdictions as defined by FATF
- • Countries with inadequate AML frameworks
- • Regions with active armed conflicts
Note: Restriction lists are updated regularly based on international sanctions and regulatory guidance. Users from restricted jurisdictions may have their accounts suspended or terminated.
Sanctions Compliance Program
We maintain a comprehensive sanctions compliance program that includes:
Screening Procedures:
- • Real-time OFAC screening
- • UN Security Council sanctions lists
- • EU consolidated sanctions list
- • National sanctions programs
- • PEP and adverse media screening
Ongoing Monitoring:
- • Daily sanctions list updates
- • Periodic customer rescreening
- • Transaction path analysis
- • Beneficial ownership verification
- • Third-party risk assessment
Compliance Reporting & Record Keeping
Regulatory Reporting Obligations
We fulfill various reporting obligations to regulatory authorities:
Required Reports:
- • Suspicious Activity Reports (SARs)
- • Currency Transaction Reports (CTRs)
- • Sanctions violation reports
- • Data breach notifications
- • Regulatory compliance attestations
Reporting Timelines:
- • SAR filing: Within 30 days of detection
- • CTR filing: Within 15 days of transaction
- • Sanctions incidents: Within 24 hours
- • Data breaches: Within 72 hours
- • Annual compliance reports
Record Keeping Requirements
We maintain comprehensive records to support compliance and regulatory requirements:
Customer Records (5+ Years):
- • KYC documentation
- • Identity verification records
- • Address verification documents
- • Source of funds documentation
- • Enhanced due diligence files
- • Account opening records
Transaction Records (7+ Years):
- • Transaction details and amounts
- • XRPL transaction hashes
- • Sender and receiver information
- • Transaction monitoring alerts
- • Investigation notes and outcomes
- • Sanctions screening results
Compliance Data Security
Compliance records are protected with enhanced security measures:
- • End-to-end encryption
- • Role-based access controls
- • Audit trails and logging
- • Regular security assessments
- • Secure backup procedures
- • Data integrity verification
- • Incident response procedures
- • Third-party security audits
Compliance Contact & Support
For compliance-related questions, regulatory inquiries, or to report suspicious activities, please contact our compliance team through the appropriate channels.
Compliance Team
Contact our compliance team for KYC, AML, or regulatory questions.
Contact ComplianceReport Suspicious Activity
Report suspected money laundering, fraud, or other suspicious activities.
Report ActivityCompliance Updates
Our compliance framework is regularly updated to reflect changes in regulations, sanctions lists, and industry best practices. Users will be notified of material changes that affect their use of our platform.