Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Policy for the 60sek.net Digital Asset Exchange Platform

Effective Date: January 1, 2026

Developed taking into account international FATF standards and regulatory requirements of the jurisdictions of presence

1. Basic principles

60sek.net platform (hereinafter referred to as the "Platform") is committed to adhering to the highest standards in the areas of anti-money laundering (AML) and countering the financing of terrorism (CTF). This document has been compiled based on the recommendations of the Financial Action Task Force (FATF) and takes into account the laws of the countries where the Platform operates.

The key objective of the Policy is to prevent the use of the 60sek.net infrastructure for illegal purposes, ensure compliance with regulatory requirements, preserve the Service"s business reputation, and strengthen the trust of customers and regulatory authorities.

 

2. Obligations of the Platform

60sek.net undertakes the following obligations:

1. Implement and strictly adhere to Know Your Customer (KYC) and Know Your Transaction (KYT) procedures;
2. Assess the risks associated with clients and their transactions;
3. Conduct continuous monitoring of transactions to identify suspicious patterns;
4. Suspend transactions and block assets when signs indicating AML/CTF risks are detected;
5. Submit the necessary information to authorized government agencies in cases provided for by law;
6. Ensure the safety of personal data and transaction information for at least 5 years;
7. Organize regular training for employees on AML/CTF compliance principles;
8. Ensure the legality and compliance of assets transferred to users, regardless of the direction of exchange and delivery method.

All cryptocurrency transfers initiated by the Platform to clients comply with the requirements of international regulators, including FATF and OFAC. Payments are processed through:

1. unique (one-time) crypto addresses;
2. addresses classified as low-risk in specialized AML analytical systems and blockchain explorers;
3. Addresses of licensed crypto platforms.

 

3. User identification (KYC procedure)

Each user is required to undergo verification before performing transactions exceeding established limits.

For identification purposes, 60sek.net uses solutions from leading KYC providers with whom it has formal agreements. Based on the verification results and the data obtained, a decision is made on whether the user can continue to serve them.

Verification levels

The platform strictly adheres to the laws of the country of registration. Therefore, passing a two-stage verification process is a mandatory requirement for using the service.

1. Basic level

Suitable for standard transactions and certain banking areas. What you need to provide:

• E-mail;
• Photo of the document (passport/ID);
• Driver"s license;
• Proof of residential address.

1. Advanced Level : Required for high-risk situations or when working with large sums of money. What you need to provide:

• All base level data;
• A certified rental agreement or bank statement;
• Utility bills (electricity, water, gas, etc.);
• Other official documents containing the current residential address for the last 90 days.
• Information on the source of funds (Source of Funds);
• Selfie verification. A photo of the client holding a piece of paper with the words "60sek.net" and the current date written on it.

Important: documents will be accepted for consideration only if they contain a Latin transliteration of the data contained in them.

What documents confirm the source of funds?

To complete the enhanced security check, you may be required to confirm the source of your funds. This is a standard procedure to ensure transparency of your transactions.

You can provide the following types of documents (the list is not exhaustive):

1. Work and business: contracts with employers, 2-NDFL certificates, tax returns, reporting for individual entrepreneurs.
2. Bank statements: documents from a bank that record the receipt of funds into an account.
3. Investments and property: contracts for the sale of real estate or vehicles, confirmation of dividend payments.
4. Other receipts: certificates of inheritance, gift agreements.

If you have documents confirming the legality of the funds, but they are not listed, you can upload them for review by the security service.

The Platform takes a comprehensive approach to verify the authenticity of the information provided, including cross-verification of data in accordance with legal requirements. If there are reasonable doubts about the veracity of the client"s information, the Platform reserves the right to refuse service.

Identity verification is performed on an ongoing basis, with increased frequency in cases where user activity is classified as "suspicious." Even after successful verification, the Platform reserves the right to request updated documents at any time.

Users registered in jurisdictions included in the FATF, OFAC, EU, UN sanctions lists, as well as in the list specified in Appendix No. 1 to this Policy, are not permitted to use the Service.

Request processing times:

1. Document verification: from 1 to 24 hours;
2. Enhanced Due Diligence (EDD) procedure: 24 to 72 hours.

 

4. Monitoring of operations (KYT procedure)

60sek.net uses a combination of automated and manual methods to analyze cryptocurrency transactions, leveraging solutions from leading providers (including, but not limited to, AMLBot and similar systems). Monitoring is performed based on the following criteria:

1. The presence of a connection between the sender/recipient address and sanctions registries or "black" clusters (darknet marketplaces, fraudulent schemes, stolen funds, etc.).
2. Using mixers, tumblers or anonymization protocols (Tornado Cash and similar).
3. Identifying suspicious behavior patterns:

- multiple small transactions (smurfing);

— abnormal volumes of transactions relative to the user’s historical behavior;

— transfers to newly created wallets;

— transactions initiated from high-risk jurisdictions.

1. Assigning each transaction a risk score: Low / Medium / High.

Example of a transaction scoring model (based on data from providers):

1. Low — the risk level does not exceed 62% according to the provider’s algorithm;
2. Medium — the risk level is in the range from 63% to 74%;
3. High — the risk level reaches 75% and higher.

Please note : The estimates provided reflect the subjective opinion of the analytics provider and may not fully correspond to the actual origin of the assets.

Transactions assessed as High Risk may be blocked automatically and transferred to an authorized AML officer for manual review.

A preliminary AML check of a crypto address can be performed through the service: https://www.bestchange.com/report/.

 

5. Categorization of clients and gradation of inspections

Depending on the level of risk, clients are divided into three categories:

1. Low risk: standard CDD (Customer Due Diligence) procedure applies.
2. Medium risk: enhanced monitoring and periodic re-checking of data (at least once every 2 years) are introduced.
3. High risk: Enhanced Due Diligence (EDD) procedures are applied, including:
4. request for confirmation of the source of funds;
5. in-depth analysis of transaction history;
6. annual data update as part of KYC.

The following are automatically included in the high risk category:

1. PEP (politically exposed persons, as well as members of their families and close associates);
2. Residents of countries included in the FATF High-Risk Jurisdictions list;
3. Clients with an annual turnover exceeding the equivalent of USD 100,000.

6. Actions upon detection of suspicious transactions

If 60sek.net detects signs that indicate possible money laundering, terrorist financing, or other illegal activity, it will take the following steps:

• immediate suspension of a suspicious transaction;
• blocking the user"s account until the internal investigation is completed;
• formation of an internal suspicious transaction report (SAR/STR);
• if there are grounds, informing the competent authorities (including Rosfinmonitoring, FinCEN, the EU FIU and other regulatory bodies).

A client"s refusal to provide the requested information or failure to undergo verification is considered sufficient grounds for termination of service.

Refund fee parameters for AML cases

The fee is up to 5% of the blocked amount, but no more than the equivalent of $100. Refunds are not provided in cases where assets are officially recognized as linked to illegal activity and are subject to seizure at the request of authorized authorities.

For clients whose funds have not been identified as laundered after completing KYC/SoF procedures, the exchange or refund fee is limited solely to the blockchain network fee.

 

7. Interaction with contractors and third parties

60sek.net service:

1. refuses to cooperate with platforms registered in jurisdictions with insufficient AML regulation;
2. conducts due diligence of all partners (crypto exchanges, payment gateways, API providers);
3. requires counterparties to have valid licenses and comply with international AML/CTF standards.

 

8. Personnel training and internal control

1. A designated AML officer has been appointed to oversee the implementation and updating of this Policy. Contact information: [email protected].
2. All Platform employees undergo mandatory AML/CTF training at least once a year.
3. Internal audits of the compliance system are conducted quarterly; independent consultants are engaged when necessary.

 

9. Data storage and protection

All personal information and transaction data:

1. encrypted using industry best security practices;
2. stored on secure servers located in jurisdictions that comply with the GDPR and MiCA regulations;
3. accessible only to authorized personnel with the appropriate clearance level;
4. are retained for at least 5 years after the termination of the relationship with the client, unless the law provides for a different period.

The privacy policy for the website is published separately.

 

10. Final Provisions

This Policy is an integral part of the 60sek.net User Agreement. The platform reserves the right to make changes to this document unilaterally, with mandatory notification to users via the official website.

All clients using 60sek.net services automatically agree to the terms of this AML policy.

 

Appendix No. 1

List of jurisdictions with a high level of AML risk (prohibited territories):

Afghanistan, Iran, North Korea, Syria, Yemen, Libya, Somalia, Cuba, Crimea, Transnistria, Venezuela, Myanmar (Burma), as well as all territories included in the sanctions lists of FATF, OFAC, EU and UN on the date of the operation.

 

Contact for reporting suspicious activity: [email protected]

Responsible AML officer: [email protected]

© 60sek.net, 2026.