AML/KYC Policy

Effective Date: [04/16/2014]
Last Updated: [02/06/2023]

AUSTIN ADVANTAGE LLC ("AUSTIN") is committed to adhering to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to ensure compliance with applicable U.S. federal and Florida state laws, as well as to maintain the integrity and transparency of our platform.

This AML/KYC Policy outlines the measures we take to prevent money laundering, terrorist financing, and other illicit activities. By using our website (https://www.austinusdt.top) and services, you agree to comply with these policies.

1. Purpose
Our AML/KYC Policy aims to:

Comply with the Bank Secrecy Act (BSA) and Florida Money Transmitter Act.
Prevent the use of our platform for money laundering, terrorist financing, and other illegal activities.
Verify the identities of users and ensure transparency in financial transactions.
2. User Identification and Verification (KYC)
To create an account on AUSTIN, users must provide accurate and verifiable personal information.

2.1 Required Information
Users are required to submit:

Full name
Date of birth
Residential address
Valid government-issued identification (e.g., passport, driver's license, or ID card)
Proof of address (e.g., utility bill or bank statement)
Wallet address (for cryptocurrency transactions)
2.2 Verification Process
The information provided by the user will be verified using reliable third-party systems.
AUSTIN reserves the right to request additional documents for verification purposes if discrepancies are identified.
3. Monitoring Transactions (AML)
We monitor all transactions conducted on our platform to detect and report suspicious activities.

3.1 Transaction Monitoring
Transactions are analyzed for irregular patterns, including unusually large deposits, withdrawals, or frequency of transactions.
All cryptocurrency transactions are monitored for compliance with U.S. Financial Crimes Enforcement Network (FinCEN) requirements.
3.2 Suspicious Activity Reporting (SAR)
If suspicious activity is detected, it will be reported to FinCEN as required by law.
AUSTIN reserves the right to freeze accounts and halt transactions pending investigation.
4. Risk Assessment
We regularly conduct risk assessments to evaluate the potential for money laundering and terrorism financing associated with our services. This includes:

Assessing customer behavior patterns.
Reviewing the effectiveness of our AML/KYC procedures.
Adjusting policies as needed to mitigate risks.
5. Prohibited Activities
Users are strictly prohibited from engaging in the following activities:

Providing false or misleading information during registration or verification.
Attempting to use the platform for illegal activities, including money laundering or terrorist financing.
Transferring funds on behalf of third parties without proper authorization.
6. Compliance with Sanctions
AUSTIN complies with all U.S. economic sanctions programs administered by the Office of Foreign Assets Control (OFAC). Users from sanctioned jurisdictions or appearing on OFAC's Specially Designated Nationals (SDN) List are prohibited from using our services.

7. Record Retention
We retain user and transaction records for a minimum of five (5) years, in compliance with U.S. federal and state regulations. Records include:

Identification documents
Transaction logs
Communication logs
8. User Responsibilities
Users must:

Provide accurate and truthful information during registration and verification.
Promptly update their information if there are any changes.
Avoid sharing account details or engaging in prohibited activities.
9. Non-Compliance
Failure to comply with this AML/KYC Policy may result in:

Account suspension or termination
Reporting to relevant authorities
Legal action, if warranted
10. Training and Awareness
AUSTIN ensures that its employees and partners are trained regularly on AML/KYC procedures, legal obligations, and the identification of suspicious activities.

11. Amendments
AUSTIN reserves the right to amend this AML/KYC Policy at any time. Updates will be posted on our website, and users are encouraged to review the policy regularly.

Contact Us
If you have any questions or concerns regarding this AML/KYC Policy, please contact us at:

AUSTIN ADVANTAGE LLC
Principal Address: 6850 Approach Road, Sarasota, FL 34238, USA
Email: [email protected]
Website: https://www.austinusdt.top
Regulatory agencies Phone: +1 (850) 245-6000

By using our platform, you acknowledge and agree to comply with this AML/KYC Policy.