Anti-Money Laundering & KYC Policy

Purpose of this policy

This Anti-Money Laundering and Know Your Customer Policy explains the measures used by BlockSphereX to identify customers, assess financial-crime risk, review account activity and meet applicable legal and regulatory responsibilities in the United Kingdom.

These controls are intended to reduce the risk that the BlockSphereX platform, its accounts, investment services or supported USDT payment networks are used for unlawful purposes.

UK legal and regulatory framework

Where applicable to our activities, BlockSphereX maintains policies and procedures having regard to relevant United Kingdom legislation, regulatory requirements and official guidance, including:

• The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended.
• The Proceeds of Crime Act 2002.
• The Terrorism Act 2000.
• The Sanctions and Anti-Money Laundering Act 2018.
• Applicable United Kingdom financial-sanctions regulations and guidance issued by HM Treasury and the Office of Financial Sanctions Implementation.
• Applicable rules, guidance and registration requirements of the Financial Conduct Authority.

Risk-based approach

BlockSphereX applies a risk-based approach when assessing customers, transactions and account activity. The level of review applied may depend on factors including:

• The customer’s country of residence and nationality.
• The declared source and expected value of funds.
• The size, frequency and pattern of transactions.
• The USDT network and wallet addresses involved.
• Whether activity is consistent with the customer’s profile.
• Sanctions, fraud or adverse-risk indicators.
• Requests involving third-party wallets or unusual payment behaviour.

BlockSphereX may apply additional checks, limits, enhanced due diligence or ongoing monitoring where a customer or transaction presents an increased level of risk.

Customer identity verification

Individual customers may be required to provide the following information before using investment, deposit, referral-reward or withdrawal features:

Information must be accurate, current and submitted exactly as it appears on the customer’s identity document.

BlockSphereX may request additional information where required to complete verification, investigate inconsistencies or meet legal and compliance obligations.

Acceptable identity documents

BlockSphereX may accept a clear and valid copy of one of the following government-issued photographic identity documents:

• Passport.
• National identity card.
• Photographic driving licence.
• Another government-issued photo identification document accepted under our internal compliance procedures.

Documents must normally be valid, readable, unaltered and show the customer’s full name, photograph and relevant identifying details.

BlockSphereX may request a replacement document or additional information where a file is expired, unclear, incomplete, damaged or cannot reasonably be verified.

Verification status

A customer’s KYC application may display one of the following statuses:

Verification does not prevent BlockSphereX from requesting updated information or conducting further checks later.

Restrictions before verification

Until identity verification is approved, a customer may be prevented from:

• Submitting a USDT investment deposit.
• Activating a new investment.
• Requesting a withdrawal.
• Receiving an approved referral reward.
• Changing sensitive wallet or account information.

BlockSphereX may suspend or restrict an account while information is being reviewed or where compliance, security or financial-crime concerns are identified.

Source of funds

Customers must identify the source from which the funds used on BlockSphereX were obtained. Examples may include:

BlockSphereX may request additional information or supporting evidence where the source, value or movement of funds requires further clarification.

Customers must not submit funds derived from unlawful, fraudulent, sanctioned or otherwise prohibited activity.

USDT deposits and wallet review

BlockSphereX accepts deposits only through supported USDT networks enabled on the platform. These may include:

Deposits remain pending until reviewed. BlockSphereX may verify the transaction hash, receiving wallet, token contract, network, transferred amount, confirmations and other relevant blockchain information.

Customers must use the correct network and should use wallet addresses that they own or are authorised to control.

BlockSphereX may request evidence of wallet ownership or control where necessary.

Ongoing transaction monitoring

BlockSphereX may monitor customer accounts and transactions to identify unusual, inconsistent or potentially suspicious activity.

Reviews may consider:

• Unexpected changes in transaction size or frequency.
• Use of multiple unrelated wallet addresses.
• Attempts to avoid platform thresholds or controls.
• Transactions linked to prohibited or high-risk services.
• Repeated rejected, reversed or disputed transactions.
• Account-access patterns indicating fraud or account takeover.
• Activity inconsistent with the declared occupation or source of funds.

Ongoing monitoring may continue throughout the customer relationship and after particular transactions are completed.

Sanctions and restricted activity

BlockSphereX does not knowingly provide services in breach of applicable United Kingdom financial sanctions.

Customers, transactions, wallet addresses and associated parties may be reviewed against applicable sanctions, restrictions and internal risk criteria.

BlockSphereX may reject, freeze, delay or restrict an account or transaction where required by law or where a potential sanctions match or related concern is identified.

Suspicious activity

Where BlockSphereX knows, suspects or has reasonable grounds to suspect that funds or activity may be connected to money laundering, terrorist financing, fraud or other criminal conduct, it may:

• Place the transaction or account under review.
• Request further information or documentation.
• Delay or decline a deposit, investment or withdrawal.
• Restrict or suspend access to the account.
• End the customer relationship where permitted.
• Make reports or disclosures to the appropriate authorities where legally required.

Refusal or termination of service

BlockSphereX may refuse registration, reject KYC, decline a transaction, restrict an account or terminate a customer relationship where:

• Required information is not provided.
• Submitted information appears false, altered or misleading.
• Identity cannot be reasonably verified.
• The source of funds cannot be satisfactorily established.
• Sanctions, fraud or financial-crime concerns are identified.
• The customer breaches this policy or the platform terms.
• Continuing the relationship would expose BlockSphereX to unacceptable legal, regulatory, financial or reputational risk.

Records and document retention

BlockSphereX may retain identity-verification records, account information, transaction records, communications, compliance decisions and supporting documents for the period required by applicable law and internal retention procedures.

Records may be retained after an account is closed where necessary to comply with legal, regulatory, tax, enforcement, dispute-resolution, security or fraud-prevention obligations.

Protection of personal information

Personal information and identity documents are handled in accordance with the BlockSphereX Privacy Policy and applicable United Kingdom data-protection requirements.

Access to KYC information and documents is restricted to authorised personnel and service providers who require access for compliance, security, legal or verification purposes.

Customers should never submit wallet private keys, seed phrases, passwords, authenticator codes or recovery codes as part of the KYC process.

Customer responsibilities

Customers must:

• Provide complete, truthful and current information.
• Use only accounts and wallets they are authorised to control.
• Respond promptly to verification requests.
• Notify BlockSphereX when personal information changes.
• Use the correct USDT network for every transaction.
• Not use the platform for unlawful or prohibited purposes.
• Not assist another person in concealing ownership, identity or source of funds.

Changes to this policy

BlockSphereX may amend this policy to reflect changes in law, regulation, regulatory guidance, platform services, risk controls or internal procedures.

The updated version will be published on this page with a revised effective or review date. Continued use of the platform may be subject to the current version of this policy.