Know your customer transaction (KYCT)
1.1 The Know your customer transaction policy is aimed at counteracting the use of the Rand4dollar Service for illegal purposes.
1.2 The Rand4dollar Service adheres to the above policy to ensure the safety of the users involved in the further receipt of digital assets, as well as to prevent laundering of money obtained by illegal means.
2. Ways to identify problem transactions
2.1 The Service has the right to use any legal methods of detecting illegal transactions using internal algorithms, as well as with the participation of certified partners offering such tools and methods.
3. Measures taken by the Service
3.1 If a cryptocurrency payment is identified as illegal, the Service reserves the right to:
– Stop the transaction
– Request the legal origin of funds
– Limit the creation and execution of new transactions
– Withhold the user’s funds until verification is complete
– Request documents for identification of the user see security center page
– Refuse the user to process the transaction and make a refund with a 10% fee.
Recommendations for checking transactions
Know your customer transaction policy is aimed at preventing the use of Rand4dollar Service for illegal purposes.
Rand4dollar service adheres to the above policy to ensure the safety of users involved in further receiving digital assets, as well as to prevent money laundering obtained illegally.
We recommend checking your cryptocurrency address and incoming transactions for high risk via a specialized service AMLBot. This will help you avoid possible problems when transferring funds to other services.
Valid values for a transaction
Rand4dollar does NOT support transactions with a risk above 5% and above the following percentage components of funds from critical areas:
Dark Market, Sanctions, Dark Service: 20%
Gambling, Mixer: 20%
Scam, Ransom, Exchange Fraudulent, Illegal Service, Stolen: 1.5%
If we find the above values in a transaction, we apply Know your customer transaction.