Anti-Money Laundering Policy

DamboFX is committed to preventing the use of its platform for money laundering, terrorist financing, or any other unlawful financial activity.

Purpose

This Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) policy describes the measures taken by DamboFX to help prevent financial crime and ensure responsible use of the website.

Compliance Approach

DamboFX operates as an informational platform and does not directly process payments or hold customer funds.

Cryptocurrency purchases made through the website are completed through regulated third-party providers such as Transak. These providers handle identity verification (KYC), transaction monitoring, payment processing, and regulatory compliance.

Prohibited Activities

Money laundering
Terrorist financing
Fraudulent activity
Sanctions violations
Use of stolen or unauthorized payment methods

Third-Party Compliance

All compliance procedures related to cryptocurrency purchases, including identity verification and transaction monitoring, are conducted by the respective regulated service providers used on the platform.

Reporting

Any suspicious activity detected by partner services may be reported to relevant regulatory authorities in accordance with applicable laws.

Policy Updates

This policy may be updated periodically to reflect regulatory changes, operational improvements, or updates to the services provided through the website.