To prevent the legalization of funds obtained through criminal activity and the financing of terrorism, the Sharks platform conducts AML (Anti-Money Laundering) checks on transactions.
The exchange can be completed in the following cases:
If the AML check is passed successfully: high-risk sources must not exceed 30%, and the overall risk must not exceed 60%. If the Dark Market score is up to 15%, an additional 2% of the transaction amount will be withheld. If the Dark Market score is above 15%, 4% will be withheld.
If high-risk sources exceed 30%, or the overall risk exceeds 60%, or the Dark Market score is more than 50%, additional verification of the transaction details will be conducted, including further identification procedures. In this case, a refund will be issued with a 15% deduction from the exchange amount, in addition to the exchange’s network fee for sending the funds.
To carry out additional identification, the exchange service reserves the right to request materials from the client such as screenshots confirming the transaction, identity verification documents, a selfie with the documents in hand, as well as any other actions required for identification as mandated by the exchange, the AML officer, or other controlling authorities.
If the client decides to return digital assets that did not pass the AML check, the refund will be processed with a 15% service fee deduction, plus the network fee for the transaction.
Potential high-risk sources inсlude:
Dark Market
Dark Service
Gambling
Illegal Service
Mixer
Sanctions
Scam
Terrorism Financing
Enforcement Action
Exchange Fraudulent
Ransom
Fraud Shop
Illicit Actor Organization
High-Risk Jurisdiction
Enforcement Action
