As jurisdictions continue to develop cryptocurrency regulatory frameworks for local operations, we engage with regulators globally in order to serve clients in a compliant manner.
AML (Anti-Money Laundering) and CTF (Counter-Terrorist Financing) laws are regulatory frameworks implemented by governments to combat illicit financial activities, including money laundering and the financing of terrorism.
Our cryptocurrency exchange is committed to upholding the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance across the jurisdictions in which we operate. To achieve this, we have implemented robust Know Your Customer (KYC) procedures and employ advanced transaction monitoring systems.
By aligning our practices with international AML/CTF standards and staying abreast of regulatory developments, we aim to provide a secure and transparent environment for our users while contributing to the global efforts against financial crimes.
To ensure we meet these standards of security and compliance, OVEX requires customers to provide specific personal details and documentation during the account opening process. The nature of the information and documentation requested is determined by the customer's deposit and withdrawal limits. Read this article to learn more.
When creating an OVEX Account, customers will be prompted to provide certain personal details such as their full name, date of birth, and contact information. These details are necessary to verify the customer's identity and ensure that all transactions are conducted in a secure and compliant manner.
In addition to personal details, customers are required to submit supporting documentation, such as a valid identification document as well as proof of address.
Rest assured that any personal information and documents provided during the account opening process are treated with the highest level of confidentiality and securely stored. We strictly adhere to data protection regulations and take all necessary measures to safeguard our customers' privacy.
By gathering the necessary personal details and documents, OVEX can maintain a safe and compliant environment for all users. This not only protects against fraudulent activities but also ensures that our customers can enjoy a seamless and secure trading experience.
If you have any concerns or questions regarding the information and documentation required during the account opening process, our dedicated support team is available to assist you and reachable here: support@ovex.io