CCXC.io has put in place policies and procedures in relation to customer due diligence and monitoring, among others. However, the exact policy is not prescribed in detail on how firms have to do this. Firms’ practices will vary depending on the nature of the money-laundering risks they may face and the type of products they sell.
The objective of CCXC tiered KYC onboarding procedure is to ensure and implement a flexib
TIER 1.
-
Withdrawal authorisation 2 business days
-
6 month expiration date for KYC status
DOCUMENTS REQUIRED
- Photo ID
- Picture with photo ID
- Proof of address
- Photo ID
- Picture with photo ID
- Proof of address
OUR ACTIONS
-
Verify documents with an integrated third party provider.
-
OFAC check, sanctions/politically exposed persons PEP.
DAILY LIMITS
-
Deposit: €5k (fiat)
-
Withdraw: €5k (fiat)
-
Deposit Crypto: No limit
-
Withdraw Crypto: €5k
MONTHLY LIMITS
-
Deposit: €20k (fiat)
-
Withdraw: €20k (fiat)
-
Deposit Crypto: No limit
-
Withdraw Crypto: €50k
TIER 2.
-
Withdrawal authorisation 2 business days.
-
6 month expiration date for KYC status.
DOCUMENTS REQUIRED
-
Additional different photo ID.
-
Additional different proof of address.
OUR ACTIONS
-
Verify documents with an integrated third party provider.
-
OFAC check, sanctions/politically exposed persons PEP.
DAILY LIMITS
-
Deposit: €20k (fiat).
-
Withdraw: €20k (fiat).
-
Deposit Crypto: No limit.
-
Withdraw Crypto: €20k.
MONTHLY LIMITS
-
Deposit: €80k (fiat).
-
Withdraw: €80k (fiat).
-
Deposit Crypto: No limit.
-
Withdraw Crypto: €80k.
TIER 3.
Procedure for KYC of High Net Worths and Self-Certified Sophisticated Investors
High Net Worth
DOCUMENTS REQUIRED
-
Personal Information.
-
Signed Declaration
-
Proof of Net Worth.
-
Signed Declaration and Terms and Conditions.
Sophisticated Investors
DOCUMENTS REQUIRED
-
Personal Information.
-
Signed Declaration.
-
Proof of Sophisticated Investor.
-
Signed Declaration and Terms and Conditions.
PROOF OF NET WORTH
Net Income over £100,000
-
Employment Contract, or
-
Bank Statements, or
-
Other proof
PROOF OF SOPHISTICATED INVESTOR
Net Income over £100,000
-
Syndicate of Business Angels, or
-
Made Investment in The Last 2 Years, or
-
Worked in Private Equity, or
-
Was a Director of a LINKS Turning Over £1,000,000
TIER 4.
The corporate tiered verification is the highest available of CCXC, extensive background check will be conducted on corporate bank accounts, managers, and ultimate beneficial owners, therefore, requiring us to gather larger amounts of information provided by the corporate wishing to use CCXC’s digital asset exchange. Some required information will need to be uploaded and other information will need to be filled out on our website in text fields and drop downs.
DOCUMENTS REQUIRED
Corporate Account Holder details
-
Certification of Incorporation.
-
AML questionnaire.
-
Annual Return (LINKS directors and beneficials shareholders of the last fiscal year).
-
Recent Bank Statement to LINKS at The LINKS’s Address.
-
Identification of UBO & Sources of Funds.
-
Signed Certification.
DAILY LIMITS
-
Deposit: Bespoke (fiat).
-
Withdraw: Bespoke (fiat).
MONTHLY LIMITS
-
Deposit: Bespoke (fiat).
-
Withdraw: Bespoke (fiat).