Anti-Money Laundering Policy

Last updated: February 2026

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1. Commitment

LipaPocket is committed to preventing money laundering and terrorist financing. We comply with all applicable AML/CFT regulations and implement robust controls to detect and report suspicious activities.

2. Know Your Customer (KYC)

All users must complete identity verification before accessing financial services. Our KYC process includes:

• Basic Tier: Government-issued photo ID verification
• Enhanced Tier: Proof of address, selfie verification, and source of funds documentation

3. Transaction Monitoring

We continuously monitor transactions for suspicious patterns including:

• Transactions exceeding threshold amounts (single: $3,000 USD equivalent; daily: $10,000 USD equivalent)
• Unusual transaction patterns or frequency
• Transactions involving high-risk jurisdictions
• Structuring attempts to avoid reporting thresholds

4. Sanctions Screening

All users and transactions are screened against international sanctions lists including OFAC, UN, EU, and relevant local sanctions lists.

5. Suspicious Activity Reporting

We file Suspicious Activity Reports (SARs) with relevant financial intelligence units when suspicious activity is detected. We are prohibited from disclosing to customers that a SAR has been filed.

6. Record Keeping

Transaction records and KYC documentation are maintained for a minimum of 7 years in compliance with applicable regulations.

7. Training

All LipaPocket employees undergo regular AML/CFT training to recognize and report suspicious activities.

8. Contact

For AML-related inquiries: compliance@lipapocket.com