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AML/KYC Policy

OKSPOT never requests KYC, including after a deposit. Criminal proceeds and prohibited sanctions-linked funds are restricted. Confirmed criminal use ends in account termination.

Published

Effective 8 November 2026.

OKSPOT is owned and operated by OKS TECHNOLOGY LTD., located in Seychelles. We believe people should be able to trade and exchange crypto without handing over their identity. OKSPOT must not be used to move criminal proceeds, fund illegal activity or evade sanctions.

1. Does OKSPOT ever ask for KYC?

OKSPOT never requests KYC (Know Your Customer) verification. We do not ask for passports, government ID, driving licences, identity-check selfies, proof of address or source-of-wealth documents. This applies when you sign up, deposit, trade, withdraw or contact support.

There is no "shotgun KYC": we will not introduce surprise identity checks after you deposit or demand identity documents to release your funds. Account-security checks and lawful restrictions on funds are separate from KYC.

No-KYC access still uses an email address, account-security information and transaction records. It does not promise anonymity, excuse criminal activity or prevent a lawful enquiry.

If applicable law requires identity verification for a service or jurisdiction, we cannot offer that service there under our no-KYC model. We do not respond by introducing a surprise ID demand. Binding legal orders and lawful asset-freeze requirements still apply. This policy does not claim an exemption from licensing or AML/CFT duties, and KYT does not replace due diligence required by law.

2. What is KYT, and why does it matter?

KYT means Know Your Transaction: reviewing the origin, destination and activity of funds for evidence of crime or sanctions exposure. Transaction references, wallet activity, credible theft or scam reports and applicable sanctions information can help establish what happened. KYT concerns the transaction, not an identity-document check on its owner.

Transaction-focused review helps protect people who use crypto lawfully while respecting their privacy. It must be based on evidence. An unverified accusation, an unsolicited transfer or the use of a privacy-focused coin is not, by itself, proof that someone has committed a crime.

This is our policy for transaction reviews, not a claim that every transaction is automatically screened. Transaction analysis cannot detect every crime or reliably identify every address owner.

3. Activity that is not allowed

You must not use OKSPOT, directly or on behalf of someone else, for any of the following:

  • Money laundering: receiving, moving, converting or disguising proceeds of crime, or helping someone conceal their ownership or origin.
  • Terrorist or proliferation financing: supporting terrorist activity or the unlawful financing of weapons of mass destruction.
  • Sanctions evasion: acting for a prohibited person, hiding prohibited control or routing activity to get around an applicable restriction.
  • Stolen or hacked funds: assets obtained through theft, a compromised wallet, stolen credentials, an account takeover or an unauthorized transaction.
  • DPRK-linked theft and prohibited transfers: proceeds of North Korea-linked hacks, funds controlled by sanctioned actors, or transfers prohibited by applicable DPRK sanctions.
  • Phishing and impersonation: fake websites, wallet-draining scams, address-substitution scams, identity theft, or pretending to be support, an authority or another person to obtain assets.
  • Investment and romance scams: "pig-butchering" scams, fake investment platforms, fraudulent trading services, and schemes that exploit a relationship to obtain money.
  • Other financial fraud: Ponzi or pyramid schemes, advance-fee scams, fraudulent recovery services, deceptive token schemes and theft presented as a legitimate investment.
  • Ransomware, extortion and blackmail: collecting, transferring or converting funds connected to these offences.
  • Trafficking and exploitation: human trafficking, child sexual exploitation or abuse material, and other unlawful exploitation.
  • Illegal goods and services: unlawful drug or weapons sales and other transactions prohibited by applicable law.
  • Corruption and tax crime: bribery, embezzlement, misappropriation of funds and tax evasion. Lawful tax planning is not the same as evasion.
  • Money-mule and concealed-account activity: renting or selling accounts, receiving funds for a criminal scheme, or concealing who actually owns or controls the activity.
  • Market abuse: wash trading, spoofing, coordinated pump-and-dump schemes or other fraudulent market manipulation.
  • Evading required controls: splitting or structuring transactions for the purpose of defeating legally required checks, holds or reporting duties.
  • Unauthorized access and interference: taking over accounts, abusing a system error to obtain assets, or attacking or disrupting the service.

This list does not make an unlisted offence acceptable. Lawful use of Monero, self-custody, encryption or a VPN is not, by itself, proof of criminal activity. Those tools must not be used to evade a restriction or hide unlawful proceeds.

4. Restricted countries and territories

As an OKSPOT access rule, the service is not available to people resident or currently located in, or entities established, based or operating in:

  • North Korea (Democratic People's Republic of Korea, or DPRK).
  • Iran.
  • Cuba.

Do not use OKSPOT on behalf of a person or entity covered by those exclusions. Other countries and territories are restricted where applicable sanctions or local law prohibit the service or a proposed transaction. Restrictions can also apply to a particular region, sector, asset or type of activity.

These three country exclusions are platform policy. They are not a statement that every sanctions authority imposes the same blanket ban. A country appearing in a sanctions programme does not automatically mean every person or every transaction connected to it is prohibited.

5. Sanctioned people and entities

You may not use OKSPOT if doing so would breach applicable sanctions, including restrictions on designated people or entities and entities owned or controlled by them under the rules that apply. The same applies when acting for such a person or entity, regardless of where you are located.

Relevant measures can include United Nations sanctions implemented under applicable law and US, UK, EU or other sanctions where they apply to the service, a participant or a transaction. The specific legal restriction matters; not every list entry has the same effect.

Use current official sources rather than treating this page as a complete, permanent sanctions list:

Do not misstate your location, use someone else's account or use a VPN to evade these restrictions. If you are unsure whether you are eligible, ask support before funding an account. Access to a website or an accepted deposit is not confirmation of eligibility.

6. Restricted funds and account termination

Funds confirmed to be linked to theft, fraud, pig-butchering scams, DPRK-linked criminal activity or prohibited sanctions activity will be restricted. Accounts used for confirmed criminal activity or sanctions violations will be terminated. The same rules apply to the other prohibited activities listed above.

When credible evidence raises a concern, we may restrict affected funds or account activity while it is reviewed. We may ask for a transaction reference, network, wallet address, amount, date or an explanation of the transfer. We will not ask for identity documents, financial statements or other KYC evidence. Account access and recovery still require their normal security checks.

Where the law requires an asset freeze or a report to an authority, we must comply. A review or account closure does not release funds subject to a lawful hold. We cannot give notice about a report or investigation where disclosure is prohibited.

A restriction does not transfer ownership of your funds to OKSPOT. Any permitted return must follow a lawful, documented process. It must not be routed to another address to evade a hold. Legitimate funds are not automatically forfeited because an account is closed.

If you believe a restriction is wrong, contact [email protected] or Support with the relevant transaction details and ask for a review. An allegation is not proof of guilt. This review does not require KYC and cannot override a binding legal restriction.

7. Report suspected abuse

Report a suspected scam, stolen funds or misuse of OKSPOT to [email protected] or through Support. Include relevant transaction references, the asset and network, approximate dates and a short explanation. Share only information you are entitled to disclose.

If you are a victim, also consider reporting the matter to the appropriate authorities. OKSPOT cannot guarantee recovery, reverse a confirmed blockchain transfer or act as a substitute for law enforcement. Do not pay an unsolicited "recovery agent" who claims that an upfront payment guarantees release of funds.

8. Records and policy changes

Information used for a financial-crime or legal enquiry is handled under the Privacy Policy. Records may need to be retained where the law requires them, even after an account closes.

Sanctions and other legal requirements can change without notice. An applicable legal restriction takes effect when the law requires, even if this page has not yet been updated. We will revise this policy when our access rules change and provide appropriate notice where possible and lawful.

Contact and related policies

For questions about this policy, contact [email protected]. Read the Terms of Service, Privacy Policy and AML/KYC Policy.

This page provides general policy information, not legal, tax or investment advice. Get independent advice about your own circumstances.