Chapter 1: Purpose and Basis of the Guide
To prevent and combat money laundering and terrorist financing, ensure compliance in digital asset trading, and protect the legal rights of both the platform and users, ASTX has established this guide.
This guide is based on international AML and CFT laws and regulations and refers to ASTX AML Rules, User Agreement, and other internal platform regulations.
Money laundering and terrorist financing activities can seriously threaten the stability of digital asset trading, increase the platform’s legal and operational risks, and even impact national and international financial security. ASTX strictly implements this guide to fulfill its AML and CFT responsibilities.
Chapter 2: Scope of Application
This guide applies to all users trading on the ASTX OTC platform (hereinafter “OTC Platform”).
All users must comply with the AML and CFT laws of their country or region and implement this guide within the legal limits. If local laws are stricter, they take precedence.
Chapter 3: Definition of AML and CFT
Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) refer to measures taken to prevent illegal actors from using the OTC platform to conceal or disguise the source and nature of the following unlawful proceeds and their benefits:
Drug-related crimes Organized crime Terrorist activities Smuggling Corruption and bribery Financial fraud Crimes disrupting financial management order
ASTX strictly enforces relevant laws and implements compliance measures to ensure safe transactions.
Chapter 4: Basic Principles of AML on the OTC Platform
Comprehensiveness Principle: Evaluate potential money laundering risks of users and implement effective risk monitoring measures. Prudence Principle: Strictly enforce KYC (Know Your Customer) policies to verify user identities and carefully monitor transaction risks. Continuity Principle: Continuously monitor user transaction behavior, regularly update risk assessments, and take measures according to changes. Confidentiality Principle: User identity, transaction data, and risk assessment information are strictly confidential and not disclosed except as required by law. Tiered Management Principle: Manage users according to risk levels, applying stricter review processes for high-risk users.
Chapter 5: Individual User Identification
OTC individual users must submit the following documents:
Full name Copy of ID card or passport Other identity verification documents required by the platform
Chapter 6: Institutional User Identification
OTC institutional users must submit:
Company name Registered office address Legal representative’s name and address Business license Copy of the legal representative’s ID or passport Other documents required by the platform
Chapter 7: User Information Review
The OTC Platform verifies user identity information according to AML regulations and KYC procedures. If any discrepancies or concerns arise, ASTX has the right to verify with regulatory authorities and conduct further investigations.
Chapter 8: Monitoring Low-Risk Users
Low-risk users are monitored on a routine basis, and the platform reserves the right to reassess their risk levels.
Chapter 9: Monitoring High-Risk Users
For high-risk users, the OTC Platform implements:
Identity re-verification every 6 months Verification of funds source and transaction purpose Collection of financial or operational status information Enhanced transaction monitoring; actions are taken upon detection of suspicious activity
Chapter 10: User Data Storage and Retention
Identity Information: Retained for at least 5 years after the business relationship ends Transaction Records: Retained for at least 5 years after the transaction ends
Chapter 11: User Responsibilities
OTC users must comply with:
Do not lend accounts to others Do not rent, sell, or share identification documents Do not rent, sell, or disclose bank accounts, bank cards, passbooks, or passwords Cooperate with identity verification and review Use secure and reliable financial institutions for payments
Non-compliance may result in account suspension or being blacklisted by regulators.
Chapter 12: Suspicious Transaction Reporting
If a user detects suspicious transactions or suspects an account is involved in money laundering, terrorist financing, or other illegal activities, they must immediately report it to ASTX.
Chapter 13: Effective Date
This guide takes effect from the date of publication. ASTX will regularly update its AML and CFT policies to comply with the latest regulatory requirements.