AML/KYC Policy
Last Updated: September 27, 2026
1. INTRODUCTION
SATO Exchange PTY (“the Company”) is committed to maintaining the highest standards of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance. This policy is designed to prevent the use of our services for money laundering, terrorist financing, or any other illegal activities. By using SATO Exchange, you agree to comply with the terms set out in this policy.
2. IDENTITY VERIFICATION (KYC)
All clients must undergo a verification process before conducting transactions. The Company reserves the right to request documentation to verify your identity, residence, and source of funds. This may include a valid government-issued ID, proof of address, and additional information for larger transactions or corporate entities.
3. MONITORING AND REPORTING
SATO Exchange monitors all transactions for suspicious activity. We reserve the right to delay, freeze, or cancel any transaction that we suspect is related to illicit activity. Furthermore, the Company will cooperate with law enforcement and regulatory authorities by providing information as required by law.
4. PROHIBITED JURISDICTIONS
The Company does not provide services to individuals or entities located in countries subject to international sanctions or those identified as high-risk by the Financial Action Task Force (FATF). It is the user’s responsibility to ensure that their use of our services complies with local laws.
5. RECORD KEEPING
SATO Exchange PTY maintains records of client identification and transaction data for a minimum period as required by applicable regulations. These records are kept confidential and secure, in accordance with our Privacy Policy.
6. ANTI-MONEY LAUNDERING (AML) CONTROLS
The Company employs sophisticated systems to detect and prevent money laundering. This includes the use of blockchain analysis tools to track the flow of funds and identify high-risk wallets or transactions. Any user found to be engaging in activity intended to circumvent these controls will be permanently banned from the platform.
7. SOURCE OF FUNDS
We reserve the right to request information and documentation regarding the source of funds for any transaction. Failure to provide satisfactory evidence of the legitimate origin of funds will result in the immediate suspension of your account and the reporting of the activity to relevant authorities.
8. COMPLIANCE OFFICER
The Company has appointed a designated Compliance Officer responsible for overseeing the implementation and enforcement of our AML/KYC policies. The Compliance Officer ensures that our staff is trained and that our systems remain up to date with the latest regulatory requirements.
9. ENHANCED DUE DILIGENCE (EDD)
For clients identified as high-risk, including Politically Exposed Persons (PEPs) or those from higher-risk jurisdictions, the Company will apply Enhanced Due Diligence. This requires more extensive verification and monitoring to mitigate potential risks associated with these accounts.
10. TERMINATION OF SERVICES
The Company reserve the right to terminate the provide services to any user at any time if we suspect a violation of this AML/KYC Policy or if the risk associated with the user exceeds our risk appetite. All such decisions are final and at the sole discretion of the Company.
11. UPDATES TO POLICY
SATO Exchange PTY may update this AML/KYC Policy from time to time to reflect changes in regulatory requirements or company practices. Continued use of our services after any such changes constitutes your acceptance of the updated policy.