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AML and KYC Policy

Last updated: March 24, 2025

1. Introduction and Policy Purpose

Scanitex Company ("Company", "We", "Us", "Our") is committed to high standards in anti-money laundering (AML), counter-terrorist financing (CTF), and countering the proliferation of weapons of mass destruction. This AML/KYC Policy ("Policy") describes the measures we take to prevent the use of our service ("Service") for illegal purposes and to comply with applicable legislation.

We strive to ensure the security and transparency of all operations related to the use of our Service and to protect both our clients ("Users", "You", "Your") and the Company's reputation.

2. Definitions
  • AML (Anti-Money Laundering): A set of measures aimed at preventing the legalization of proceeds obtained through criminal means.
  • KYC (Know Your Customer): Customer identification and verification procedures.
  • CTF (Counter-Terrorist Financing): Countering the financing of terrorism.
  • Payment Processor: A third-party organization (e.g., CoinGate) that processes payments on behalf of the Company.
  • Suspicious Activity: Any actions or transactions by a User that raise reasonable suspicions of their connection to money laundering, terrorist financing, or other illegal activities.
3. AML Policy and Role of Payment Processors

Scanitex takes its AML obligations seriously. For payment processing, especially related to cryptocurrencies, we partner with external licensed Payment Processors such as CoinGate. These Payment Processors bear primary responsibility for conducting AML checks on financial transactions, monitoring payments for suspicious activity, and complying with applicable international AML/CTF standards regarding the payments they process.

Users making payments through CoinGate are subject to CoinGate's AML/KYC policies. More details about CoinGate's AML/CTF policy can be found on their official website: https://coingate.com/policy/aml-ctf-policy.

4. KYC ("Know Your Customer") Procedures

Scanitex applies a risk-based approach to KYC procedures. Basic User information is collected during registration. Enhanced KYC procedures may be initiated in the following cases:

  • Payment Processor Request: If our Payment Processor (e.g., CoinGate) identifies a transaction as suspicious or requiring additional verification in accordance with their policies, they may request the User to undergo KYC.
  • Scanitex Internal Risk Assessment: We may initiate KYC if we detect unusual or suspicious User activity when using the Service.
5. Basic Data Collection and Monitoring

By default, Scanitex collects and analyzes the following data to ensure security, prevent fraud, and comply with this Policy:

  • Verified email address
  • IP addresses used to access the Service and geolocation data
  • Login history and platform activity
  • Data about devices and browsers used
  • Service usage history, including scan request parameters
6. Transaction and Activity Monitoring

Financial Transactions: Primary monitoring of financial transactions for AML/CTF risks is carried out by our Payment Processors (e.g., CoinGate). They use their own systems to identify suspicious payments, check connections to sanctions lists and high-risk addresses.

Platform Activity: Scanitex monitors Service usage to identify behavior patterns that may indicate abuse or attempts to use the Service for illegal purposes.

7. Sanctions Lists and High-Risk Jurisdictions

Scanitex strives to comply with international sanctions regimes. We and our Payment Processors may conduct checks of Users and their transactions for matches with sanctions lists (e.g., OFAC, UN, EU). We reserve the right to refuse service or terminate relationships with Users identified as being on sanctions lists.

8. Data Storage

Data collected as part of AML/KYC procedures, as well as information about User transactions and activities, is stored for the period established by applicable legislation (typically not less than 5 years after termination of relationships with the User or completion of a transaction), or longer if necessary for investigation or litigation purposes.

9. Compliance Officer

Scanitex has appointed a Compliance Officer responsible for developing, implementing, and monitoring compliance with this AML/KYC Policy, as well as for interacting with regulators and Payment Processors on AML/CTF matters.

10. Service Refusal and Relationship Termination

Scanitex reserves the right at its discretion to refuse to provide the Service or terminate existing relationships with a User in the following cases:

  • Non-provision or provision of false information as part of KYC procedures
  • Identification of User connections or activities with money laundering, terrorist financing, or other illegal activities
  • User being on sanctions lists or connection to prohibited jurisdictions
  • Suspicious activity whose nature cannot be satisfactorily explained by the User
  • User violation of Service Terms of Use or this Policy
11. Policy Updates

Scanitex reserves the right to make changes and additions to this Policy at any time. The updated version of the Policy takes effect from the moment of its publication on our website. Continued use of the Service after changes are made means your agreement to the updated Policy.

12. Conclusion and Contact Information

Scanitex is committed to the principles of transparency and legality. We continuously improve our systems and procedures for effective combating of financial crimes. If you have questions about this AML/KYC Policy, please contact us at compliance@scanitex.com.