AML (Anti-Money Laundering) & KYC Policy for FlyX Pay
1. Introduction
Flyx Pay adheres to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to prevent financial crimes. Users are required to undergo verification before accessing full platform features.
1.1 Verification Requirements
Users must provide the following to complete the verification process:
- Government-issued ID: Passport, driver’s license, or national ID.
- Proof of address: Utility bill, bank statement, or official document.
- Additional documentation: If requested for enhanced due diligence.
1.2 Monitoring & Compliance
Transactions are monitored for suspicious activities. High-risk transactions may require additional verification. Failure to comply with the verification requirements may lead to restricted access or account suspension.
2. Risk Disclosure Statement
Using Flyx Pay involves financial risks. Users should be aware of the following risks:
2.1 Market Volatility
Digital assets are subject to price fluctuations and liquidity risks. Past performance is not indicative of future results.
2.2 Regulatory & Legal Risks
Changing regulations may affect asset availability and service continuity. Users are responsible for understanding local laws regarding digital assets.
2.3 Security Risks
Despite strong security measures, assets may still be vulnerable to cyberattacks. Users must adopt best security practices, such as enabling Two-Factor Authentication (2FA).
3. Cookies & Tracking Policy
Flyx Pay uses cookies and tracking technologies to improve user experience and platform performance. By using our services, you consent to our data collection practices.
3.1 Types of Cookies Used
- Essential Cookies: Necessary for core functionalities like login and transactions.
- Analytical Cookies: Track usage trends and performance improvements.
- Marketing Cookies: Optimize advertising and promotional offers.
3.2 Managing Cookie Preferences
Users can modify cookie settings through browser controls. However, disabling essential cookies may impact platform functionality.