VOTON Cryptocurrency AML/KYC Terms and Conditions

VOTON is dedicated to preventing money laundering, terrorist financing, and other financial crimes. Our Anti-Money Laundering (AML) and Know Your Customer (KYC) policies are designed to ensure that all users and transactions on the VOTON platform comply with applicable laws and regulations.

KYC Process

All users are required to complete a comprehensive KYC process prior to engaging in any transactions on the VOTON platform. This process includes, but is not limited to, the submission of:

  • Full legal name
  • Date of birth
  • Residential address
  • Government-issued identification (e.g., passport, driver's license)
  • Proof of address (e.g., utility bill, bank statement)

Charity Onboarding

Charities must undergo a rigorous three-stage onboarding process:

  1. Stage 1 - Initial Approval: Submission of KYC documentation for verification and Decentralized Autonomous Organization (DAO) approval vote.
  2. Stage 2 - Donation Flow and Monitoring: Approved charities may commence receiving donations, subject to continuous monitoring.
  3. Stage 3 - Re-Approval and Use-of-Funds Audit: Charities reaching a threshold of 10 ETH in donations must provide evidence of fund usage for re-approval.

Individual Fundraisers

Individuals or organizations initiating fundraisers are subject to KYC verification and DAO approval to ensure legitimacy and compliance with VOTON's standards.

Data Security

VOTON implements advanced security protocols to protect user data. All information collected is securely stored and used exclusively for compliance purposes.

Data Retention

User data shall be retained for a minimum period of five years following the termination of the user relationship or transaction to comply with regulatory requirements.

Transaction Monitoring

All transactions on the VOTON platform are subject to continuous monitoring to identify and report suspicious activities. Any transaction deemed suspicious will be investigated and, if warranted, reported to the appropriate authorities.

Regular Audits

VOTON conducts regular audits to ensure ongoing compliance with AML/KYC policies and procedures.

Accurate Information

Users are obligated to provide accurate and complete information during the KYC process. Any changes in information must be promptly reported to VOTON.

Compliance Cooperation

Users are required to fully cooperate with VOTON's compliance team during any investigations or audits related to AML/KYC compliance.

  • Account Suspension: Non-compliance with AML/KYC requirements may result in the immediate suspension or termination of the user's account without prior notice.
  • Transaction Reversal: Transactions found to be in violation of AML/KYC policies may be reversed, and funds may be withheld pending further investigation.
  • Legal Action: VOTON reserves the right to initiate legal action against users engaging in illegal activities, including but not limited to reporting such activities to relevant authorities.

VOTON, its affiliates, officers, directors, employees, and agents shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses, resulting from:

  • Compliance Actions: Any action taken by VOTON during or as a result of its AML/KYC procedures.
  • Account Suspension or Termination: Suspension or termination of a user's account pursuant to these terms.
  • Legal Obligations: VOTON's compliance with applicable laws, regulations, and lawful requests from governmental authorities.

Users agree to indemnify and hold harmless VOTON, its affiliates, officers, directors, employees, and agents from any claim, demand, or damage, including reasonable attorneys' fees, asserted by any third party due to or arising out of user's breach of these AML/KYC terms and conditions or user's violation of any law or the rights of a third party.

VOTON reserves the unilateral right to update and modify these AML/KYC terms and conditions at any time to comply with evolving laws and regulations. Users will be notified of any significant changes, and continued use of the VOTON platform constitutes acceptance of such changes.

These AML/KYC terms and conditions shall be governed by and construed in accordance with the laws of the jurisdiction in which VOTON operates. Any disputes arising from these terms shall be resolved in the courts of said jurisdiction.

If any provision of these AML/KYC terms and conditions is found to be unlawful, void, or unenforceable, that provision shall be deemed severable and shall not affect the validity and enforceability of any remaining provisions.