Our Position on AML
btcswapxmr.com is a non-custodial exchange service. We do not hold customer funds, operate a bank, or provide financial services in the regulated sense. Nevertheless, we take a firm stance against the use of our service for money laundering, terrorist financing, or sanctions evasion.
Prohibited Activities
The following activities are strictly prohibited on our platform:
- Laundering proceeds of criminal activity, including ransomware, fraud, theft, drug trafficking, or any other illegal source
- Processing transactions on behalf of sanctioned individuals, entities, or jurisdictions (OFAC, EU, UN sanctions lists)
- Structuring transactions to evade reporting thresholds
- Using our service to finance terrorism or terrorist organizations
- Processing funds associated with darknet marketplace proceeds
Risk-Based Approach
We apply a risk-based approach to AML compliance appropriate to our non-custodial, no-registration model:
- Transaction limits: We maintain maximum exchange limits (10 BTC / 3,000 XMR per order) to limit exposure to large-value suspicious transactions.
- Blockchain monitoring: We monitor blockchain activity for known high-risk patterns and may decline to process orders that appear connected to sanctioned addresses or known illicit activity.
- Cooperation with authorities: We cooperate with valid legal requests from law enforcement agencies. Where required by applicable law, we will provide available information about transactions.
No Safe Harbor for Illegal Activity
The privacy-respecting design of our service is intended to protect the financial privacy of law-abiding individuals, not to facilitate criminal activity. We reserve the right to refuse service, freeze orders, or report suspicious activity to relevant authorities at our sole discretion.
Sanctions Compliance
We screen transactions against OFAC and other international sanctions lists to the extent possible given our non-custodial model. Users in sanctioned jurisdictions are not permitted to use this service. By using our service, you represent that you are not subject to any applicable sanctions program.
Contact for AML Concerns
If you have concerns about a transaction or wish to report suspected misuse of our platform, contact us via our support form.