KYC/AML Policy

1. Purpose and Scope

Disq, operated by Imperivox Technologies, is committed to maintaining the highest standards of integrity, transparency, and compliance with applicable laws and regulations. This Know Your Customer (KYC) and Anti-Money Laundering (AML) policy establishes our procedures for preventing money laundering, terrorist financing, and other financial crimes.

1.1 Policy Objectives

Regulatory Compliance: Ensure strict adherence to all relevant local and international laws governing KYC and AML for cryptocurrency services
Risk Mitigation: Identify and mitigate risks associated with financial crimes through our exchange partnerships
User Protection: Safeguard our Discord community by maintaining secure transaction processing
Reputation Management: Uphold professional standards and discourage illicit activities

1.2 Service Model

Disq operates as a Discord bot interface that connects users with professional cryptocurrency exchange services. We do not directly handle or store cryptocurrencies but facilitate transactions through regulated exchange partners.

2. Exchange Partner Compliance

2.1 Partner Requirements

All exchange partners integrated with Disq must demonstrate:

Full compliance with FATF (Financial Action Task Force) recommendations
Proper licensing and regulation in their operating jurisdictions
Comprehensive KYC/AML procedures and monitoring systems
Regular security audits and compliance reviews

2.2 Changelly Integration

Our primary exchange partner, Changelly (operated by Quoprotech LTD), maintains comprehensive compliance procedures including:

GDPR-compliant data handling and storage
Real-time transaction monitoring systems
Enhanced Due Diligence (EDD) for high-risk transactions
Automated risk scoring and compliance checks

3. Transaction Monitoring

3.1 Automated Screening

All transactions processed through Disq are subject to:

Real-time AML compliance screening by exchange partners
Automated risk assessment and scoring
Sanctions list checking and verification
Unusual activity pattern detection

3.2 Risk Categories

Transactions are classified into risk levels:

Low Risk: Standard processing with basic verification
Medium Risk: Enhanced monitoring and verification procedures
High Risk: Manual review and potential additional documentation requirements

3.3 Suspicious Activity Reporting

Our exchange partners maintain procedures for reporting suspicious activities to relevant authorities in accordance with local regulations and international standards.

4. Customer Due Diligence

4.1 Identity Verification

While Disq does not directly collect personal information, our exchange partners may require:

Government-issued identification documents
Proof of address verification
Source of funds documentation for large transactions
Enhanced verification for high-risk jurisdictions

4.2 Enhanced Due Diligence (EDD)

Exchange partners conduct EDD for transactions involving:

High-value cryptocurrency transfers
Users from high-risk jurisdictions
Unusual transaction patterns or behaviors
Politically Exposed Persons (PEPs)

5. Record Keeping

5.1 Data Retention

Our exchange partners maintain comprehensive records in accordance with regulatory requirements:

Transaction records: 5 years minimum retention
Identity verification documents: 5 years after account closure
AML compliance documentation: As required by local regulations
Suspicious activity reports: Permanent retention

5.2 Data Security

All records are maintained with:

Military-grade encryption at rest and in transit
GDPR-compliant data centers in the EU
24/7 physical and technical security monitoring
Regular security audits and compliance reviews

6. Reporting and Compliance

6.1 Regulatory Reporting

Compliance procedures are subject to:

Annual policy reviews and updates
Regular internal audits and assessments
External compliance audits as required
Continuous monitoring of regulatory changes

6.2 Cooperation with Authorities