AML / KYC Policy
Last updated: 2026-05-14
The anti-money-laundering, know-your-customer and sanctions controls AssayCore applies to customer onboarding and payment processing.
1. Purpose
AssayCore is committed to preventing money laundering, terrorist financing, sanctions violations and the use of our Services for fraud. This policy describes the controls we apply to onboarding, payments, and partner relationships. It applies in addition to the legal obligations carried by our Merchant-of-Record providers (Paddle.com Market Ltd, Verifone/2Checkout) and our banking partners.
2. Customer due diligence (CDD)
Standard purchases up to USD 10,000 per twelve-month period are processed through our Merchants of Record, who run their own KYC at checkout (identity, geo-location, card / IBAN match). For enterprise contracts, deposits over USD 10,000, wire transfers, or any engagement involving cross-border transfer of large datasets we collect (a) legal-entity name and registered address, (b) trade or operating name if different, (c) registration number and country of incorporation, (d) ultimate beneficial owner(s) holding 25% or more, (e) authorised signatory name plus government ID, (f) the customer's source of funds (own treasury, grant, investor, etc.) — declared by the signatory in writing.
3. Enhanced due diligence (EDD)
EDD is performed before account activation when: the customer is established in or substantially operates from a high-risk jurisdiction listed by the EU, FATF or OFAC; the beneficial owner is a Politically Exposed Person (PEP) or close associate; the purchase pattern is unusual relative to declared revenue; payment is in cryptocurrency for amounts at or above USD 1,000 equivalent; or any sanctions-list hit occurs during screening. EDD adds (i) ID document verification of UBOs, (ii) corporate-structure chart, (iii) confirmation of funds source and reason for engagement, (iv) ongoing monitoring at 6-monthly intervals.
4. Sanctions screening
All customers and beneficial owners are screened at onboarding and re-screened at least quarterly thereafter against: EU consolidated sanctions list, UK HM Treasury OFSI, US OFAC SDN, UN Security Council, Argentine UIF list, and any equivalent lists applicable to the deployment region. Positive matches trigger immediate suspension of the engagement pending manual review by AssayCore compliance.
5. Cryptocurrency payments
Where Controller pays through our NowPayments integration (BTC, USDT, USDC and similar), the originating wallet is screened by NowPayments' AML provider (Crystal / Chainalysis) and any high-risk source-of-funds result blocks the transaction. AssayCore does not custody crypto; converted fiat lands directly on our Payoneer or local bank account under our existing CDD profile.
6. Record-keeping
CDD/EDD records, sanctions-screening hits and clearance, and source-of-funds declarations are retained for at least 5 years from the date the customer relationship ends, in encrypted storage with access limited to the compliance role. Records are produced to competent authorities on lawful request.
7. Internal training and reporting
Personnel handling onboarding or payments complete AML/CTF training annually. Any suspicious activity is escalated to the Money Laundering Reporting Officer within 24 hours; suspicious transaction reports are filed with the relevant FIU (Financial Intelligence Unit) where required by law.
8. Refusal and termination
AssayCore reserves the right to refuse onboarding, decline a transaction or terminate an engagement where the customer fails or refuses to provide the information required, where a sanctions match cannot be cleared, where activity appears designed to evade controls, or where continuation would put AssayCore in breach of applicable law. Refusal / termination on AML grounds does not entitle the customer to a refund of services already delivered, except where mandatory law provides otherwise.
9. Contact
Compliance enquiries, beneficial ownership updates, and source-of-funds documentation should be sent to compliance@assaycore.pro with the invoice or contract reference. Standard turnaround: 5 business days.