Compliance & KYC

What BlankFX requires from users to perform KYC and AML checks, and why.

Compliance & KYC

BlankFX operates under a regulated AML framework. Depending on your account type and trading activity, we may ask you to complete identity verification (KYC) and provide information to meet our AML obligations.

This page explains what we require, when we require it, and how the process works.

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Who needs to complete KYC?

Individual users

Personal wallets transacting below threshold limits can use BlankFX without identity verification. KYC is required if your cumulative activity exceeds applicable thresholds or if you access restricted features.

Corporate users

Businesses, payment platforms, and institutional users are required to complete KYB (Know Your Business) verification before accessing full liquidity and OTC/RFQ features.

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What we collect

Individual (KYC)

To verify your identity we will ask for:

Document	Details
Government-issued photo ID	Passport, national ID card, or driver’s licence
Proof of address	Bank statement or utility bill dated within 90 days
Selfie / liveness check	A photo or short video to confirm you match your ID
Source of funds	Brief description for high-value transactions

Corporate (KYB)

To verify your business we will ask for:

Document	Details
Certificate of incorporation	Issued by the relevant regulatory authority
Ownership structure	List of beneficial owners holding ≥ 10%
Proof of address	Registered business address confirmation
Identity documents for UBOs	KYC for each Ultimate Beneficial Owner
Authorised signatory	Name and ID for the person authorised to act on behalf of the entity
Source of business funds	Brief description of the business’s primary revenue source

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How verification works

1. Submit your details

   You’ll be prompted to upload the required documents through a secure verification portal. The process typically takes under 5 minutes.

2. Review

   Our compliance team (or automated system) reviews your submission. Standard review completes within 1 business day. Complex cases may take up to 3 business days.

3. Confirmation

   You’ll receive confirmation by email. Once approved, your account is fully unlocked with no further friction during normal use.

4. Ongoing monitoring

   BlankFX monitors transactions on an ongoing basis as required by our AML policy. Unusual activity may trigger a request for additional information.

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Screening & sanctions

All users are screened against international sanctions lists and PEP (Politically Exposed Person) databases. This happens automatically at onboarding and on an ongoing basis.

BlankFX does not process transactions involving:

• Individuals or entities on OFAC, EU, UN, or UK sanctions lists
• Jurisdictions subject to comprehensive sanctions (Iran, North Korea, Cuba, Syria, Russia, Belarus, and others)
• Activities associated with money laundering, terrorist financing, or fraud

If your wallet address or identity matches a sanctions entry, access will be restricted and you will be notified.

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Privacy & data handling

Your KYC documents are:

• Encrypted in transit and at rest
• Stored only for as long as required by applicable law (typically 5 years after account closure)
• Never sold or shared with third parties outside of legal obligations
• Handled in accordance with our Privacy Policy

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Contact

If you have questions about your verification status or need to submit additional documents, contact:

[e-mail]

For urgent matters or if you believe your account has been restricted in error, include your wallet address and a brief description of the issue.

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Looking to list a token or trade on BlankFX?

This page covers end-user KYC/KYB. If you’re a stablecoin issuer or a broker/market maker, see:

Stablecoin Listing Requirements

What we need before listing your token.

Broker & Market-Maker Onboarding

What we need to onboard your firm as a liquidity provider or API trader.