• 1. Purpose
  This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy outlines the principles and practices that TapTapUp follows to detect and prevent money laundering, terrorism financing, and other illicit financial activities, ensuring a secure and compliant platform for all users.


• 2. Regulatory Background
  Although TapTapUp does not operate as a financial institution, we voluntarily adhere to best practices in compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and guidance from the Financial Crimes Enforcement Network (FinCEN).


• 3. Scope
  This policy applies to all users purchasing stablecoins and any vendors using TapTapUp’s platform. It includes:
  • Identity verification (KYC)
  • Transaction monitoring
  • Suspicious activity reporting
  • Sanctions screening


• 4. Customer Due Diligence (CDD)
  TapTapUp performs the following CDD steps:
  • Basic KYC: Collection of name, email, phone number, government-issued ID, and selfie verification.
  • Enhanced Due Diligence (EDD): For high-risk users or large transactions, we may require proof of address, source of funds, or additional documentation.
  • Ongoing Monitoring: Continuous screening against OFAC and other sanctions lists.
  KYC and identity verification are conducted by a qualified third-party provider contracted by TapTapUp. This provider maintains AML and KYC standards consistent with U.S. federal regulations and TapTapUp’s compliance framework. All users and vendors must consent to this third-party verification process.
  TapTapUp applies a risk-based approach, adjusting the level of verification and scrutiny based on user behavior, transaction size, and jurisdictional risk.


• 5. Recordkeeping
  All KYC records are securely stored and maintained by the third-party provider. TapTapUp retains access to verification results, transaction logs, and communication records for a minimum of five (5) years in accordance with regulatory best practices.


• 6. Reporting Suspicious Activity
  TapTapUp relies on its third-party AML/KYC provider to review and identify suspicious transactions using both automated and manual screening protocols. Upon receiving a report of suspicious activity, TapTapUp will promptly forward the findings to the appropriate authorities as required by law.
  Users may also report suspicious activity directly to our compliance team at support@taptapup.xyz.


• 7. Prohibited Activities
  TapTapUp prohibits the use of its platform for:
  • Transactions involving sanctioned jurisdictions
  • Unlicensed securities or investment offerings
  • Fraud, scams, or pyramid schemes
  • Purchase or sale of illegal goods or services


• 8. Training and Enforcement
  Employees, contractors, and third-party service providers receive AML/KYC training and are contractually obligated to adhere to TapTapUp’s compliance standards. Non-compliance may result in disciplinary action, termination of access, or contract revocation.


• 9. Policy Review
  This AML/KYC Policy is reviewed at least annually by TapTapUp’s compliance team. Updates are made to reflect changes in applicable regulations or TapTapUp’s operational or risk profile.


• 10. Definitions
  • KYC (Know Your Customer): The process of verifying a user’s identity.
  • EDD (Enhanced Due Diligence): Additional checks for high-risk users.
  • OFAC: Office of Foreign Assets Control; manages U.S. sanctions lists.
  • Suspicious Activity: Any transaction or behavior indicating potential fraud, money laundering, or illegal activity.


• ⚠️ Compliance Notice
  TapTapUp is committed to maintaining the integrity of its platform and ensuring a secure and compliant ecosystem for all users.

By using TapTapUp, you agree to comply with this AML/KYC Policy.