AML & KYC — Swapcoin
Swapcoin uses different compliance and transaction-processing flows depending on the product and swap type.
Regular and confidential swaps do not require KYC performed by Swapcoin.
AML screening is part of the stablecoin exchange flow. This screening is transaction-based and does not require users to complete identity verification.
Transactions processed through third-party providers, DEXs, bridges, liquidity sources, or other infrastructure may also be subject to separate compliance requirements imposed by those providers.
1. Regular swaps
Regular swaps do not require KYC performed by Swapcoin.
Swapcoin does not conduct its own AML screening as part of the regular swap flow.
A regular swap may be processed through third-party providers, DEXs, bridges, liquidity sources, or other infrastructure. Those providers may independently apply their own AML screening, sanctions screening, transaction monitoring, KYC, geographic restrictions, or other compliance requirements.
Any such requirements are determined by the applicable third-party provider and are not necessarily performed or controlled by Swapcoin.
2. Confidential swaps
Confidential swaps do not require KYC performed by Swapcoin.
Swapcoin does not conduct its own AML screening as part of the confidential swap flow.
Confidential transactions may involve specialized privacy-preserving infrastructure or third-party protocols. The relevant provider or protocol may therefore have its own rules, restrictions, compliance procedures, or eligibility requirements.
Swapcoin does not represent that it controls or can waive the compliance requirements of third-party providers or protocols.
3. Stablecoin exchange
AML screening is part of the stablecoin exchange flow.
The stablecoin exchange may apply automated, transaction-level AML screening to identify transactions or wallet activity associated with sanctions, known illicit activity, or other risk indicators.
This screening is focused on transaction and wallet risk. It is not identity verification and does not constitute KYC.
Users are not required to submit passports, government-issued identification, selfies, or similar identity documents solely to use the stablecoin exchange flow, unless additional verification is required by a third-party provider or applicable law.
What may be screened
Depending on the transaction and applicable screening process, the stablecoin exchange flow may assess:
Incoming wallet or source address;
Outgoing wallet or destination address;
Relevant transaction history and blockchain activity;
Exposure to known high-risk or sanctioned addresses;
Exposure to DEXs, bridges, liquidity sources, or other infrastructure involved in the transaction; and
Other transaction-level risk indicators.
An automated screening result may allow a transaction to proceed, identify it for additional review, or result in other actions where permitted or required by the applicable service, provider requirements, or law.
4. AML screening vs. KYC
AML and KYC are different concepts.
AML (Anti-Money Laundering) refers to measures designed to identify, assess, and manage transaction or financial-crime risks.
KYC (Know Your Customer) refers to identifying and verifying the identity of a customer, typically using personal information and, where applicable, identity documents.
Swapcoin does not require KYC for ordinary regular or confidential swaps.
The stablecoin exchange flow may use transaction-level AML screening without requiring users to complete KYC.
However, the absence of Swapcoin KYC does not mean that a transaction is exempt from compliance requirements. A third-party provider may independently require KYC or other verification before processing a particular transaction.
5. Third-party provider requirements
Swapcoin may rely on third-party providers and infrastructure to route, execute, settle, or otherwise support transactions.
Depending on the selected route, these may include DEXs, bridges, liquidity providers, blockchain infrastructure providers, screening providers, and other service providers.
A third-party provider may independently apply:
AML screening;
Sanctions screening;
Transaction monitoring;
KYC or identity verification;
Geographic restrictions;
Wallet or address restrictions;
Eligibility requirements; or
Other compliance procedures.
These requirements are determined by the applicable third party and may vary depending on the asset, network, route, jurisdiction, transaction, or other circumstances.
Swapcoin does not represent that it controls the compliance policies or screening decisions of third-party providers.
6. Transaction reviews
Where AML screening is applicable, an automated screening result may identify a transaction for additional review.
A transaction may be delayed, rejected, or otherwise prevented from proceeding where required by the applicable screening process, sanctions restrictions, provider requirements, applicable law, or other legitimate compliance considerations.
The outcome of a review may depend on the product, transaction route, relevant provider, wallet activity, and other circumstances.
Swapcoin does not guarantee that every transaction will be approved or processed solely because the transaction does not require KYC.
7. Information used for AML screening
Where AML screening is applicable, the screening process may rely primarily on transaction and blockchain-related information.
This may include:
Wallet addresses;
Transaction history;
Blockchain activity;
Transaction amounts and timing;
Relevant counterparty information; and
Other information necessary to assess transaction risk.
Swapcoin does not require users to submit identity documents solely for ordinary use of the regular or confidential swap flows.
If a third-party provider requires additional information or identity verification for a particular transaction, that requirement is imposed by the applicable provider and may be necessary for the transaction to proceed.
8. Product-specific compliance model
AML and KYC requirements are product-specific and should not be interpreted as a universal mechanism applied identically across the entire Swapcoin platform.
ProductSwapcoin KYCSwapcoin AML screeningRegular swapNot requiredNot performed by SwapcoinConfidential swapNot requiredNot performed by SwapcoinStablecoin exchangeNot requiredPart of the stablecoin exchange flow
Third-party providers involved in any transaction may nevertheless apply their own AML, sanctions, KYC, transaction-monitoring, or other compliance requirements.
9. No guarantee regarding third-party compliance
Swapcoin may use or interact with third-party protocols, providers, bridges, DEXs, liquidity sources, and other infrastructure.
Their compliance policies and procedures are independent of Swapcoin.
Accordingly, Swapcoin does not guarantee that a transaction will be free from AML screening, KYC, sanctions checks, transaction monitoring, or other compliance procedures when third-party infrastructure is involved.
Users are responsible for reviewing the applicable terms and requirements of third-party services where relevant.
10. Regulatory and legal requirements
Nothing on this page should be interpreted as a representation that a particular transaction is exempt from applicable laws, sanctions, regulatory requirements, or third-party compliance procedures.
Swapcoin may take reasonable measures to comply with legal obligations applicable to its services.
Where a third-party provider is responsible for processing a transaction or providing underlying infrastructure, that provider may have separate legal and compliance obligations that apply to its services.
11. Summary
For clarity:
Regular swaps: No Swapcoin KYC and no AML screening performed by Swapcoin.
Confidential swaps: No Swapcoin KYC and no AML screening performed by Swapcoin.
Stablecoin exchange: Transaction-level AML screening is part of the stablecoin exchange flow; Swapcoin KYC is not required.
Third-party providers: May independently apply AML screening, sanctions screening, KYC, transaction monitoring, or other compliance requirements.
Product-specific scope: Compliance requirements depend on the particular Swapcoin product and transaction route.
No universal AML claim: AML screening should not be understood as a mechanism that Swapcoin applies identically to every transaction across the platform.