Ether Coin Exchange & Trading Platform
Last Updated: January 12, 2026
This KYC / AML Compliance Policy outlines the procedures implemented by Ether Coin (“Company”, “Platform”, “We”, “Us”) to prevent money laundering, terrorist financing, fraud, identity theft, and illegal financial activities. Our policies comply with international standards, including FATF Guidelines and AML/CFT Regulations.
1 Purpose of KYC / AML Policy
The main objectives are:
- Verify the identity of every user
- Prevent illegal or fraudulent activities
- Protect users and the platform
- Ensure transparency in financial transactions
- Comply with national and international legal frameworks
2 Mandatory KYC Requirement
To use the platform’s main features—especially P2P trading, withdrawals, and rewards—users must complete KYC verification.
2.1 KYC is required for:
- Account activation
- P2P buy/sell
- Token withdrawal
- Referral rewards
- Mutual trading participation
- Level commission eligibility
2.2 Accepted KYC Documents:
For Indian Users
- Aadhaar Card
- PAN Card
- Passport (optional)
- Bank Account & UPI Details
- Selfie & Mobile OTP
For International Users
- National ID
- Passport
- Residence proof
- Bank details
3 Information Collected During KYC
We collect: Full legal name, Date of birth, Residential address, Government-issued ID proof, Photograph / Selfie, Mobile number & email verification, Bank/UPI payment details, IP address & device information.
4 AML (Anti-Money Laundering) Procedures
4.1 Identity Verification
All users must provide genuine, valid documents. Fake or edited documents will lead to account suspension.
4.2 Transaction Monitoring
We continuously monitor suspicious activities, sudden unusual withdrawals, abnormal trading volumes, multiple account usage, and P2P fraud patterns.
4.3 Risk-Based Assessments
Every user is assigned a risk score. High-risk accounts may require additional verification.
4.4 Reporting Suspicious Activity
We reserve the right to report suspicious behavior to relevant authorities or regulatory bodies.
5 Prohibited Activities
Strictly Not Allowed:
- Money laundering
- Funding illegal transactions
- Terrorism financing
- Fraud or scam activities
- Using someone else’s documents
- Opening multiple accounts
- Third-party payments
- Chargebacks after P2P trades
- Buying tokens with stolen funds
If detected, the platform will take action immediately.
6 Account Suspension & Termination
Your account may be suspended or permanently terminated if you fail to complete KYC, provide fake documents, engage in suspicious trading, violate AML rules, use multiple accounts, or refuse additional verification. Balances may be frozen pending investigation.
7 Additional User Verification
We may request additional documentation at any time, including video verification, live selfie, source of funds declaration, bank statements, or address re-verification. Failure to comply may result in restricted account access.
8 Data Protection & Confidentiality
All KYC data is stored securely using industry-standard practices (Encryption, Secure cloud, Restricted access). We do not sell or share user information unless required by law.
9 Record Retention Policy
We retain KYC and AML data for a minimum of 5 years after account closure, as required by compliance regulations.
10 User Responsibilities & Compliance
Users must provide true information and maintain updated details. We comply with all legal orders related to AML/CFT investigations and share necessary information with law enforcement only when legally required.
11 Policy Updates & Acceptance
Ether Coin reserves the right to update this policy without prior notice. By using Ether Coin, you agree to complete KYC honestly, follow AML guidelines, allow monitoring, and accept account suspension if rules are violated.