Anti-Money Laundering (AML) Policy
Last updated: 6/21/2026
QuickP2P is deeply committed to maintaining the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. As a peer-to-peer crypto-to-fiat exchange facilitating transactions globally, particularly between Germany, the USA, and India, we enforce strict measures to ensure our platform is not used for illicit activities.
1. Commitment to Compliance
Our AML Policy is designed to comply with global regulatory standards, including the Financial Action Task Force (FATF) guidelines. We actively prevent, detect, and report any suspicious activity to the relevant authorities to protect our users and the integrity of the financial system.
2. Designation of Compliance Officer
QuickP2P has appointed a dedicated Chief Compliance Officer (CCO) responsible for the oversight, implementation, and continuous updates of our AML/CTF programs. The CCO ensures that our internal policies adapt to shifting global regulatory environments and emerging crypto-related risks.
3. Risk-Based KYC Procedures
QuickP2P utilizes a risk-based approach to identity verification. Mandatory KYC is not required for standard trades. However, if our automated systems flag an account for suspicious activity or if a user exceeds predefined high-volume transaction limits, they will be required to undergo a full KYC process to continue using the platform.
4. Customer Due Diligence (CDD)
We employ robust Customer Due Diligence measures based on the risk profile of each user. Standard CDD applies to all retail users engaging in typical P2P volumes. Our systems cross-reference identity data against global watchlists, politically exposed persons (PEP) databases, and adverse media reports.
5. Enhanced Due Diligence (EDD)
Users trading at high volumes, dealing in significant fiat amounts, or exhibiting complex transaction patterns are subject to Enhanced Due Diligence. EDD may require users to provide proof of the source of funds (e.g., bank statements, tax returns, or employment records) and the underlying purpose of their transactions.
6. Sanctions Screening and Prohibited Jurisdictions
QuickP2P strictly prohibits residents of comprehensive sanctions jurisdictions (such as North Korea, Iran, and others identified by OFAC and the UN) from accessing our platform. We actively screen IP addresses and KYC documents to ensure compliance with international embargoes.
7. Transaction Monitoring
Our platform employs automated transaction monitoring systems backed by manual review teams to detect unusual or suspicious trading activities. We monitor for behaviors such as rapid depositing and immediate withdrawal, unusually high volumes uncharacteristic of the user's profile, and the use of anonymizing technologies.
8. Strict Prohibition of Third-Party Payments
To mitigate the risk of money laundering and fraud, QuickP2P mandates that all fiat payments must originate from and be received by bank accounts or payment processors (e.g., UPI) that exactly match the verified KYC name of the user. Third-party transfers are strictly forbidden and will result in immediate account suspension.
9. Suspicious Activity Reporting (SAR)
If our compliance team detects activity that provides reasonable grounds to suspect money laundering, terrorist financing, or other criminal acts, QuickP2P is legally obligated to file Suspicious Activity Reports (SARs) with the appropriate financial intelligence units and regulatory bodies. By law, we are prohibited from informing the user that a SAR has been filed ("tipping off").
10. Record Keeping and Data Storage
QuickP2P maintains comprehensive records of all user identification documents, transaction data, and compliance investigations. In alignment with our Privacy Policy, all AML-related data is securely encrypted and stored exclusively on our designated German servers. These records are retained for a minimum of five (5) years following the closure of an account or the execution of a transaction, as required by standard international AML regulations.
11. Employee Training
All QuickP2P employees undergo rigorous AML/CTF training upon hiring and receive ongoing annual refresher courses. Specialized training is provided to our moderation and compliance teams to ensure they can identify the latest typologies and trends in crypto-related financial crime.
12. Cooperation with Law Enforcement
We actively cooperate with global law enforcement agencies, including authorities in Germany, the USA, and India. We will promptly respond to valid subpoenas, court orders, and official requests for information to assist in criminal investigations related to fraud, cybercrime, or money laundering.