AML & KYC Policy

1. Regulatory Compliance Framework

Swissescrow enforces a strict, zero-tolerance policy toward financial crime, fraud, and the financing of illicit activities. As an administrative entity operating within Switzerland, our oversight procedures are strictly aligned with the Swiss Anti-Money Laundering Act (AMLA) and the guidelines set forth by the Swiss Financial Market Supervisory Authority (FINMA).

2. Mandatory Identity Verification (KYC/KYB)

To ensure the integrity of the escrow process and protect all parties, no fiduciary accounts will be opened, and no transaction IDs will be generated, until comprehensive due diligence is completed. Both Senders and Receivers must provide verifiable documentation before using our services:

• For Private Individuals (KYC): Unexpired government-issued photographic identification (Passport or National ID) and verifiable proof of physical residence dated within the last 90 days (e.g., utility bill or bank statement).
• For Corporate Entities (KYB): Certified extracts from the relevant Commercial Register, Articles of Association, and verified declarations establishing the identity of the Ultimate Beneficial Owners (UBO) holding 25% or more of the entity’s equity.

3. Source of Wealth and Funds Declarations

For high-value corporate acquisitions, real estate settlements, or substantial cross-border transfers, Swissescrow reserves the right to execute enhanced due diligence (EDD). Senders may be required to provide certified banking or administrative documentation proving the legal origin and source of the funds being placed into escrow.

4. Continuous Transaction Monitoring & Reporting

Our administrative team utilizes advanced monitoring protocols to ensure all incoming and outgoing capital flows match the stated purpose of the original transaction agreement.

Under Article 9 of the Swiss AMLA, Swissescrow is legally obligated to immediately freeze any transaction reasonably suspected of being connected to money laundering or organized crime, and to file a Suspicious Activity Report (SAR) with the Money Laundering Reporting Office Switzerland (MROS). By law, Swissescrow is strictly prohibited from informing the client that such a report has been filed (the "tipping-off" prohibition).

5. Jurisdictional Restrictions and Sanctions

To maintain global compliance, Swissescrow utilizes automated screening against international sanctions lists. We absolutely prohibit transactions involving individuals, entities, or IP addresses originating from jurisdictions currently under comprehensive embargoes or sanctions administered by:

• The United Nations Security Council (UNSC)
• The Swiss State Secretariat for Economic Affairs (SECO)
• The US Office of Foreign Assets Control (OFAC)
• The European Union (EU) Consolidated List