ChessVerse ICO Legal Center

AML / KYC / Sanctions Policy

Risk-based controls for identity verification, source-of-funds review, wallet screening, and sanctions compliance.

Effective Date: March 1, 2026

1. Information Collection

The Issuer and service providers may collect identity, residency, corporate ownership, source-of-funds, source-of-wealth, wallet, transaction, and supporting compliance documentation.

2. Screening and Analytics

Compliance workflows may include sanctions lists, PEP screening, adverse media, wallet risk scoring, blockchain analytics, and anti-fraud signals.

3. Enhanced Due Diligence

Enhanced due diligence may be applied for complex ownership structures, high-risk geographies, unusual wallet activity, high-value transactions, or suspicious patterns.

4. Refusal, Suspension, Freezing, and Reporting

Where legally required or operationally necessary, the Issuer may reject applications, delay settlement, freeze allocations, terminate participation, or file reports with competent authorities.

5. No Tolerance for Evasion

Stolen identity use, forged records, straw purchasers, false residency declarations, and wallet obfuscation designed to evade monitoring may trigger immediate rejection.

6. Record Retention

Compliance records may be retained for periods required by law or legitimate compliance needs, including AML, sanctions, tax, and dispute/litigation obligations.

7. Ongoing Monitoring

Participation may remain subject to post-sale monitoring, supplemental document requests, and re-verification checks where risks change over time.