Last Updated: April 15, 2026
buterich is firmly committed to preventing the use of its platform for money laundering, terrorist financing, proliferation financing, and other illicit financial activities. This Anti-Money Laundering and Know Your Customer Policy ("AML/KYC Policy") outlines the procedures, controls, and internal standards we maintain to detect, deter, and report suspicious activity in compliance with applicable international regulations.
We regard robust compliance as a cornerstone of a trustworthy financial ecosystem. Our program is designed to align with the recommendations of the Financial Action Task Force (FATF), relevant European Union directives, and the domestic legislation of jurisdictions in which we operate.
All users must complete identity verification before accessing the full range of services offered by buterich. Our Customer Identification Program requires the collection and verification of the following information:
buterich utilizes both automated and manual verification processes to ensure the authenticity of submitted documents and the accuracy of the information provided.
To balance accessibility with regulatory obligations, buterich employs a tiered verification system:
Users who fail to provide requested documentation within the specified timeframe may have their accounts restricted until verification is completed.
buterich maintains a continuous, automated transaction monitoring system designed to identify patterns indicative of money laundering, structuring, or other suspicious behavior. Our monitoring framework evaluates:
Flagged transactions are escalated to the compliance team for manual review and, where warranted, additional information is requested from the user.
As part of an AML review, buterich may require any additional actions, documents, explanations, source-of-funds evidence, proof-of-wallet ownership, video identification, transaction history, or other compliance steps that we consider necessary to complete the investigation.
Users are not entitled to refuse such AML-related requests while seeking access to, release of, or withdrawal of funds that have been flagged for review. If a user refuses, ignores, delays, or fails to complete the requested AML procedure to our satisfaction, the relevant deposit, balance, or withdrawal request may remain restricted, frozen, or otherwise unavailable until the AML review is completed in full.
When our compliance team determines that a transaction or pattern of activity meets the threshold of suspicion, buterich will file a Suspicious Activity Report (SAR) with the appropriate Financial Intelligence Unit (FIU) or equivalent regulatory body. We are legally obligated not to disclose the existence of a SAR to the subject of the report ("tipping off" prohibition).
All employees are trained to recognize and escalate potential indicators of suspicious activity, including but not limited to: reluctance to provide identification, use of multiple accounts, inconsistent information, and high-risk geographic connections.
buterich retains all customer identification records, transaction histories, and compliance documentation for a minimum period of five (5) years following the termination of the business relationship or the completion of the transaction, whichever is later. Records are stored securely and are accessible to authorized compliance personnel and, upon lawful request, to regulatory and law enforcement authorities.
This retention policy applies to all forms of documentation, including digital copies of identity documents, correspondence related to verification, transaction logs, and SAR filings.
All users are screened against international sanctions lists at the point of registration and on an ongoing basis. The sanctions databases we reference include, but are not limited to:
If a match is identified, the account is immediately frozen pending investigation by the compliance team. Confirmed matches result in permanent account closure and, where required by law, reporting to the relevant authorities.
buterich conducts periodic risk assessments to evaluate the money laundering and terrorist financing risks associated with its products, services, customer base, and geographic exposure. The risk assessment framework considers:
Findings from risk assessments are used to refine our monitoring rules, update internal policies, and allocate compliance resources effectively.
All buterich employees, particularly those in compliance, customer support, and operations roles, receive mandatory AML/KYC training upon onboarding and at least annually thereafter. Training programs cover:
Training records are maintained and reviewed as part of our internal audit process.
buterich cooperates fully with law enforcement agencies, regulatory bodies, and judicial authorities in connection with investigations related to money laundering, terrorist financing, fraud, and other financial crimes. Upon receipt of a valid legal request, we will provide relevant account information and transaction records in a timely manner, subject to applicable data protection requirements.
We also participate in information-sharing initiatives and industry working groups dedicated to combating financial crime in the digital asset sector.
This AML/KYC Policy is reviewed at least annually and updated as necessary to reflect changes in applicable laws, regulatory guidance, industry best practices, and our own operational experience. Material revisions will be communicated through the Platform and take effect upon publication.
If you have questions regarding this policy, please contact our compliance team at [email protected].