Anti-Money Laundering Policy

1. Policy Statement

Cripe maintains a zero-tolerance policy toward money laundering, terrorism financing, and other financial crimes. We comply with all applicable AML/CTF laws and regulations including Prevention of Money Laundering Act (PMLA) 2002 in India, FinCEN regulations in the US, and relevant regulations in all operating countries.

2. Know Your Customer (KYC)

All users must complete identity verification before using our services:

3. Country-Specific KYC

We require country-specific documents based on local regulations:

4. Transaction Monitoring

Our automated systems monitor all transactions in real-time for:

• •Unusual transaction patterns or volumes
• •Structuring or smurfing attempts
• •Transactions involving high-risk countries
• •Rapid movement of funds
• •Transactions inconsistent with customer profile

5. Sanctions Screening

All users and transactions are screened against:

• •OFAC Specially Designated Nationals (SDN) List
• •UN Consolidated Sanctions List
• •EU Consolidated Sanctions List
• •Other applicable national sanctions lists

6. Reporting Thresholds

7. Prohibited Countries

Cripe does not provide services to residents of or for transactions involving OFAC-sanctioned countries:

8. Record Keeping

We maintain records for the legally required periods:

• •Customer identification records: 5-7 years after relationship ends
• •Transaction records: 5-7 years from transaction date
• •SAR/CTR filings: 5 years from filing date

9. User Obligations

By using Cripe, you agree to:

• •Provide accurate and truthful information
• •Not use the service for illegal purposes
• •Notify us of any changes to your information
• •Cooperate with verification requests

10. Consequences of Non-Compliance

Violations of this policy may result in:

• •Immediate account suspension
• •Freezing of funds pending investigation
• •Reporting to relevant authorities
• •Permanent account termination

11. Contact

For compliance inquiries:
compliance@cripe.app