AML Measures

RWA upholds stringent anti-money laundering (AML) and counter-terrorism financing (CTF) measures, aligned with FATF, FinCEN, and local regulations:

• KYC Process:
  • Users submit a passport, driver’s license, or national ID, plus a utility bill or bank statement, verified by Jumio API within 24 hours.
  • Facial recognition and liveness checks reduce identity fraud by 98%, with manual review for edge cases.
  • Corporate users provide incorporation documents and beneficial owner details.

• Transaction Monitoring:
  • Real-time surveillance of transactions >$10,000 or with red flags (e.g., 10 transfers in 1 hour) using Chainalysis.
  • Patterns like rapid cross-border movements or round-tripping trigger alerts, reviewed by our 5-member compliance team.

• Reporting:
  • Suspicious Activity Reports (SARs) filed with regulators (e.g., HKMA, FinCEN) within 24 hours, including transaction hashes and user IDs.
  • Annual AML/KYC Compliance Report, audited by Armanino, published on rwa.blockchainx.tech for transparency.

• Fund Freezing:
  • Accounts with suspected illicit activity (e.g., $100,000 deposit from an unknown source) are frozen instantly.
  • A 72-hour investigation follows, with funds released or escalated to law enforcement based on evidence.

• Training and Updates:
  • Bi-annual training for staff on emerging threats (e.g., 2024’s DeFi laundering trends) by [Training Provider, e.g., ACAMS].
  • Policies updated every 6 months or per FATF guidance, with user notifications via email and app alerts.

• Third-Party Oversight:
  • External audits by Armanino and Chainalysis ensure compliance, with findings reviewed by our compliance officer.
  • Whistleblower hotline ([Whistleblower Email]) encourages internal reporting of AML breaches.

• Sanctions Screening:
  • Daily checks against OFAC, UN, and EU sanctions lists using Dow Jones Risk & Compliance data.
  • Matches trigger account freezes and regulator notifications within 12 hours.