Your AML/KYC settings are created and configured here. One setting may be applied to all Terminals, or they may be individually configured, or anywhere in-between.
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+ADD a new AML/KYC Setting | |
VIEW the AML/KYC policy | |
DELETE the AML/KYC policy
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Displays the Terminals using this Policy. |
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General Settings
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Note: OFAC screening is forced (by default) & automatic. For details, see: Identities
Internal Name*: | describe the setting, i.e. “New York KYC Policy”. |
Organization*: | (admin only) assigns this policy to a specific Organization. |
Reject PEPs: | PEPs (Politically Exposed People) must (by regional law) identify themselves during financial transactions. Enabling this option rejects those customers that are determined to be PEPs. |
Allow Only Customers With Known Phone Identity | This option prevents Unregistered customers with anonymous forbidden phone numbers number types from attempting to use your BATMs that use this AML/KYC policy(and this policy).
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Reject High Risk Transactions: | High risk transactions are those determined by a 3rd party after a target wallet address (BUY) or a sending address (SELL) is used. When enabled, transactions that are identified as “high risk” will be disabled.
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Use External Registration Only: | An external system will be used to search for identities, otherwise the internal system will be used for identifying. This option should be enabled only if you use the instruction "Nothing, Go To Website" (see below). |
Cryptoaddress Pinning | After being used by an Identity, a crypto-address will become exclusive to that Identity (for the “X” days specified in the Pinning Window).
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Pinning Window (in days) | See: Cryptoaddress Pinning (above). |
Travel Rule Configurationthe “Travel” rule requires all financial institutions to pass on certain information to the next financial institution, in certain funds transmittals involving more than one financial institution. | Setting is ignored - unless configured in Organization settings. Options:
“unknown” = wallet owner unidentifiable by CipherTrace. |
Travel Rule Amount Threshold | Transactions above this amount (inclusive, in Default Fiat Currency configured below) will be submitted to the configured Travel Rule Provider. Lesser amounts will be ignored.
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Allow withdrawals only for the same identity as sell transaction | When enabled/set, a SELL transaction WITHDRAWAL can only executed by the same Identity that performed the SELL. |
Minimum Age | Set the [integer] minimum age to transact. |
Verify Wallet Ownership | Enabled: prompts a user to confirm on the BATM that the wallet used - belongs to the user. Configure the prompt using the Custom String: |
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Configuration types:
One (or more) need to be enabled/selected to define your sale limits. The limits control how the approval process is applied (if applied at all).
VIP limits may also be used for individuals to permit larger transaction sizes and discounts.
See: Identities: VIP
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If AML/KYC is not implemented, use Anonymous Limits to restrict individual transaction amounts.
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The “Cash Limit Per Transaction” amount here must be less than the Unregistered limit.
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Unregistered Customers have not completely satisfied (or do not require) KYC verification.
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The “Cash Limit Per Transaction” amount here must be higher than the Anonymous limitslimit, and
the “Cash Limit Per Transaction” amount here must be less than the Registered limits. VIP limits (see: Identities) may be used for individuals to permit larger transaction sizes and discounts.
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limit.
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Registered Customers have satisfied your KYC requirements and can purchase up the limits set in this section.
The “Cash Limit Per Transaction” amount here must be higher than the Unregistered limit, and
the “Cash Limit Per Transaction” amount here must be less than the Premium limit.
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Premium Customers are preferred customers with the highest limits. If implemented, these amounts must exceed all others.
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The “Cash Limit Per Transaction” amount here must be higher than the Registered limit.
All configurations offer these options (except Premium):
Hide ____ tier button on terminal screen | When checked/enabled, the limit will not be available to the user at the BATM. |
Enable cash payments | When checked, cash sales can use this limit. Default = enabled. |
Enable card payments | When checked, card payments can use this limit. Default = disabled. |
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Total Terminal Limits
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Restrict aggregate transactions to specific amounts, or leave it at zero for no restrictions. This limit prevents the BATM from running out of fiat (and being out of service), or exceeding safe amounts in the cashbox.
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Cash Limit Per Transaction* must be NON-ZERO!
Cash Limit Per Hour*
Cash Limit Per Day*
Cash Limit Per Week* (US and GB: Sun-Sat, everywhere else: Mon-Sun)
Cash Limit Per Month* (All transactions between right now and right now minus 1 month. Ie. for right now being 28.2.2023 02:00:00 the result would be: 28.2.2023 02:00:00 - 1 month = 28.1.2023 02:00:00. All transactions between 28.2.2023 02:00:00 and 28.1.2023 02:00:00 28 will be calculated into the limit)
Cash Limit Per 3 Months*
Cash Limit Per 12 Months*
Cash Limit Per Calendar Year Quarter*
Cash Limit Per Calendar Year*
Cash Limit Per Day And Crypto Address*
Total Cash Limit Per Crypto Address*
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