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Introduction

At Karobar Exchange, we are fully committed to protecting our platform from being used for money laundering, terrorist financing, or any illegal financial activity. We strictly follow international and local Anti-Money Laundering (AML) regulations and apply preventive measures to ensure a safe and legally compliant environment for all users.

1. Zero Tolerance Policy

Karobar Exchange maintains a zero-tolerance approach towards money laundering and any activity that violates financial laws.
We actively monitor transactions and user behaviors to detect and prevent any suspicious activities.

2. KYC (Know Your Customer) Requirements

All users must complete identity verification (KYC process) before using our services, which may include:

  • Full Name
  • National Identification or Passport
  • Recent Photograph
  • Proof of Address

We reserve the right to request additional documents if required for verification.

3. Transaction Monitoring

All deposits, withdrawals, and transfers are closely monitored and recorded.
We track transaction patterns to identify:

  • Unusual or high-risk activities
  • Frequent large deposits or withdrawals
  • Transfers that may indicate layering or structuring

Suspicious activities are reported to relevant authorities without prior notice to the user.

4. Reporting of Suspicious Activities

If we suspect any user is involved in money laundering or illegal activities, Karobar Exchange will:

  • Immediately freeze the user’s account
  • Report the incident to local and international financial authorities
  • Fully cooperate with law enforcement agencies

5. Risk-Based Approach

Karobar Exchange applies a risk-based approach to all users and transactions.
Accounts or regions classified as high-risk may be subject to:

  • Additional verification steps
  • Transaction limits
  • Restricted access to certain services

6. User Cooperation

All users must cooperate with our AML policies by:

  • Providing accurate and up-to-date KYC information
  • Submitting required documents without delay
  • Understanding that failure to comply may lead to account suspension or permanent closure

7. No Anonymous Accounts

Karobar Exchange does not allow anonymous accounts. Every user must be fully identified and verified before participating in any financial activity.

8. Policy Updates

We may update this AML policy at any time in compliance with changing laws and regulations. Users are responsible for regularly reviewing this policy.

Important Arabic Trust Statement

نحن ملتزمون بمكافحة غسل الأموال وضمان بيئة تداول آمنة وقانونية لجميع المستخدمين.
(We are committed to fighting money laundering and ensuring a safe and legally compliant trading environment for all users.)