In order to prevent money laundering and terrorist financing, the Sharks platform performs AML checks on transactions.
Exchange completion is possible in the following cases:
• If the AML check is passed successfully:
The presence of high-risk sources should be no more than 30%, and the overall risk should not exceed 60%.
If the Dark Market indicator is up to 15%, an additional 2% of the transfer amount is withheld.
If the Dark Market indicator is from 15%, 4% is withheld.
• If high-risk sources exceed 30% or the overall risk is more than 60%, or the Dark Market indicator is more than 50%:
The details of the transfer are clarified, including additional identification procedures.
In this case, the funds will be returned with a deduction of 10% of the exchange amount and the exchange commission for sending.
To conduct additional identifications, the exchange service has the right to request from the client the following materials:
• screenshots of the transfer confirmation,
• documents for identity verification,
• selfie with documents in hand,
• as well as any other actions necessary for identification at the request of the exchange, AML commissioner or other regulatory authorities.
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
