Compliance Framework

Regulatory Compliance Overview

Asomi is committed to operating in full compliance with applicable laws and regulations in all jurisdictions where we provide services. As the cryptocurrency landscape continues to evolve, we work closely with legal experts and regulatory bodies to ensure our platform meets the highest standards of compliance.

We understand that regulatory compliance is essential for:

• Protecting user interests and funds
• Maintaining trust in the cryptocurrency ecosystem
• Supporting the growth of legitimate blockchain technology
• Preventing illegal activities and maintaining market integrity

Regulatory Standards We Follow

Anti-Money Laundering (AML) Program

Risk Assessment

Asomi conducts regular risk assessments to identify and mitigate potential money laundering and terrorist financing risks associated with our services. Our risk-based approach includes:

• Customer risk profiling based on transaction patterns and behaviors
• Geographic risk assessment for different jurisdictions
• Product and service risk evaluation
• Regular updates based on emerging threats and regulatory guidance

Transaction Monitoring

We employ sophisticated monitoring systems to detect potentially suspicious activities:

• Real-time transaction analysis using advanced algorithms
• Pattern recognition to identify unusual transaction behaviors
• Integration with blockchain analytics tools
• Regular review and enhancement of monitoring parameters

Data Protection and Privacy

Privacy by Design

Our platform is built with privacy protection as a fundamental principle:

• Minimal data collection practices
• Strong encryption for all sensitive information
• Regular security audits and assessments
• User control over personal data
• Transparent privacy policies and procedures

International Data Transfers

When transferring personal data internationally, we ensure:

• Adequate safeguards are in place
• Compliance with applicable data protection laws
• Use of standard contractual clauses where required
• Regular assessment of transfer mechanisms

Sanctions and Prohibited Regions

Asomi implements comprehensive sanctions screening to comply with international sanctions regimes. We maintain up-to-date sanctions lists and screening procedures.

Restricted Jurisdictions

In accordance with applicable laws and regulations, our services may not be available in certain jurisdictions, including but not limited to regions subject to comprehensive sanctions programs.

Screening Procedures

• Real-time screening against sanctions lists
• Regular updates to sanctions databases
• Enhanced due diligence for high-risk transactions
• Coordination with relevant authorities when required

Reporting and Record Keeping

Regulatory Reporting

Asomi maintains comprehensive reporting procedures including:

• Suspicious Activity Reports (SARs) when required
• Currency Transaction Reports (CTRs) for applicable transactions
• Regular compliance reporting to relevant authorities
• Coordination with law enforcement when legally required

Record Retention

We maintain detailed records in accordance with regulatory requirements:

• Transaction records for the required retention period
• Customer identification information
• Communication and correspondence records
• Compliance monitoring and investigation records

Compliance Monitoring and Training

Ongoing Monitoring

Our compliance program includes continuous monitoring and improvement:

• Regular compliance audits and assessments
• Monitoring of regulatory developments
• Updates to policies and procedures as needed
• Independent compliance reviews

Team Training

All Asomi team members receive regular compliance training:

• AML/KYC procedures and requirements
• Data protection and privacy obligations
• Sanctions screening and compliance
• Emerging regulatory requirements

Cooperation with Authorities

Asomi maintains open lines of communication with regulatory authorities and law enforcement agencies. We are committed to:

• Responding promptly to legitimate requests for information
• Cooperating fully with authorized investigations
• Participating in regulatory consultations and industry initiatives
• Supporting efforts to combat financial crime in the cryptocurrency space