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Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy

Last update Date: 12.03.2025

At Trado Swift, we are committed to maintaining a secure, transparent, and compliant trading environment. As part of this commitment, we have implemented stringent Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures to prevent financial crimes, including money laundering and terrorism financing, in compliance with applicable regulations.

Our AML and KYC policies apply to all users of our platform, and we require that all users complete a verification process to ensure that they are not involved in any illegal activity. By using our services, you agree to comply with our AML and KYC procedures.

1. Purpose

The primary purpose of our AML and KYC policy is to:

  • Prevent and detect any illegal activities such as money laundering, terrorism financing, and fraud.
  • Verify the identity of all users to ensure they are not involved in illegal activities.
  • Ensure compliance with international and local financial regulations and regulatory authorities.

2. Customer Identification Program (CIP)

As part of our KYC process, Trado Swift is required to collect and verify specific information from all users to confirm their identity. Users must provide accurate and valid information as follows:

2.1 Personal Information

  • Full legal name
  • Date of birth
  • Address of residence
  • Nationality
  • Email address
  • Phone number

2.2 Government-Issued ID

Users must submit a valid, government-issued identification document for verification. This can include:

  • Passport
  • National ID card
  • Driver’s license

2.3 Proof of Address

A recent proof of address document is required to confirm the user’s residence. This may include:

  • Utility bill (electricity, water, gas)
  • Bank or credit card statement
  • Tax document
  • Government-issued letter or document with the user’s name and address

2.4 Selfie or Video Verification

In some cases, we may ask users to submit a selfie or participate in a video verification process to confirm the identity of the individual associated with the account. This is done to prevent identity theft and ensure the legitimacy of the user.

3. Monitoring and Reporting Suspicious Activity

Trado Swift actively monitors transactions on our platform for signs of suspicious activity. This includes:

  • Large or rapid transactions inconsistent with normal trading behavior.
  • Transfers to or from high-risk or blacklisted jurisdictions.
  • Unusual patterns of activity that may indicate money laundering or terrorism financing.

If suspicious activity is detected, we may:

  • Freeze the account until the issue is resolved.
  • Report the activity to the relevant authorities or financial institutions, including AUSTRAC (Australia), FATF (Financial Action Task Force), and other global financial regulators, in accordance with applicable laws.

4. Risk-Based Approach

We adopt a risk-based approach to AML and KYC compliance. This means that:

  • Higher-risk users or activities may be subject to additional scrutiny, including enhanced due diligence (EDD).
  • Trado Swift assesses the risk level of each user based on factors such as location, transaction history, source of funds, and the type of transactions performed on the platform.

We may request additional information or documentation from users who present a higher risk, and, in some cases, we may restrict or suspend the account until we have sufficient information to confirm compliance.

5. Continuous Monitoring

In addition to the initial KYC verification, Trado Swift continuously monitors accounts and transactions to detect unusual or suspicious activity. This may include:

  • Review of user trading activity for signs of manipulation or suspicious patterns.
  • Periodic re-verification of user information if deemed necessary.
  • Monitoring of deposits and withdrawals to and from high-risk jurisdictions or parties.

6. Reporting Obligations

If we detect any suspicious activity that may be related to money laundering or terrorist financing, we are obligated to report it to the appropriate authorities as required by law. This includes, but is not limited to:

  • Suspicious Activity Reports (SARs)
  • Transaction Monitoring Reports
  • Law Enforcement Agencies: We cooperate with global law enforcement authorities in investigations related to financial crimes.

7. Privacy and Data Protection

Trado Swift values the privacy of its users and ensures that all personal information collected during the KYC process is protected in compliance with applicable data protection regulations, including the General Data Protection Regulation (GDPR) in the EU, Privacy Act in Australia, and other local data protection laws.

We will never disclose your personal information to third parties without your consent unless required by law or to comply with legal obligations.

7.1 Data Retention

We retain personal and verification data for as long as necessary to fulfill the purposes outlined in this policy, including regulatory compliance, legal obligations, or as required by local laws. Once the retention period expires, we securely delete the data.

8. Refusal of Service

If a user fails to complete the KYC verification process or provides false or misleading information, Trado Swift reserves the right to:

  • Refuse to open an account.
  • Suspend or terminate the account.
  • Refuse to process transactions.

9. User Responsibility

As a user of the Trado Swift platform, you are responsible for ensuring that:

  • The information provided during the KYC process is accurate and up to date.
  • Any changes to your personal details, such as a change in address or name, are promptly updated on the platform.
  • You comply with all applicable laws and regulations regarding the use of cryptocurrencies and trading activities.

10. Conclusion

At Trado Swift, we take compliance with AML and KYC regulations seriously to ensure that our platform remains a safe and legitimate place for trading cryptocurrencies. By using our services, you acknowledge and agree to adhere to our AML and KYC policies.

For any questions regarding our AML and KYC processes, please contact us at: