FCA Registration & Compliance: Crypzai adheres to the UK Money Laundering Regulations (MLR 2017 as amended), the Proceeds of Crime Act 2002 (POCA), and FATF Recommendations.
1. Customer Due Diligence (CDD) Tiers
Verification limits are structured to balance friction-free Web3 participation with rigorous regulatory compliance:
Tier 1 Basic Web3 & Crypto
Requirements: Verified Email, Phone 2FA, Wallet Signature.
Limits: Crypto deposits & spot swapping up to £1,000 equivalent.
Tier 2 Full Fiat & Staking
Requirements: Passport/Driving Licence, 3D Facial Liveness, Proof of Address.
Limits: Unlimited fiat GBP Faster Payments, Staking nodes, £250,000/day.
2. Politically Exposed Persons (PEPs) & Sanctions
Every user is automatically screened against real-time global sanctions databases (including HM Treasury, OFAC, UN Security Council, and EU lists). High-risk individuals and PEPs are subjected to Enhanced Due Diligence (EDD).
3. On-Chain Transaction Monitoring
- Risk Scoring: Every inbound and outbound blockchain transaction is evaluated via automated heuristic tools (Chainalysis / Elliptic integrations).
- Prohibited Sources: Transfers linked to darknet marketplaces, sanctioned smart contracts (e.g. Tornado Cash), or ransomware addresses are automatically frozen.
- Suspicious Activity Reports (SARs): Mandated reports are submitted directly to the UK National Crime Agency (NCA) without tipping off the customer.