● Regarding Recent Measures Taken
Following the sanctioning of Iranian domestic exchanges, CoinEx immediately initiated a comprehensive review and exit process for all Iran-related risk exposure, and implemented the following measures:
● Strengthened identification of Iranian users, refused user registrations from Iranian regions, and initiated ongoing compliance off-boarding for accounts identified as belonging to Iranian users;
● Implemented comprehensive geo-fencing and access restrictions for Iranian regions; accounts and assets of any identified sanctioned entity or individual will be restricted or frozen;
● Enhanced the KYT system to improve monitoring and review capabilities for sanctioned regions, high-risk addresses, and anomalous on-chain transaction paths, and to freeze related transactions;
● Continued to identify and take action against accounts abusing the platform for illicit activity, particularly those using CoinEx as a fund transit point.
● Regarding Our Future Commitment
The digital asset industry continues to develop rapidly, and the global regulatory environment is continuously evolving. As with the industry at large, CoinEx's anti-money laundering and transaction monitoring capabilities are continuously being strengthened. We will continue to invest resources in enhancing our KYC, AML, sanctions screening, and on-chain risk monitoring capabilities, respond to concerns from all parties in a responsible manner, and welcome review by relevant authorities.
Read: https://x.com/coinexcom/status/2070044548542390722?s=20
Following the sanctioning of Iranian domestic exchanges, CoinEx immediately initiated a comprehensive review and exit process for all Iran-related risk exposure, and implemented the following measures:
● Strengthened identification of Iranian users, refused user registrations from Iranian regions, and initiated ongoing compliance off-boarding for accounts identified as belonging to Iranian users;
● Implemented comprehensive geo-fencing and access restrictions for Iranian regions; accounts and assets of any identified sanctioned entity or individual will be restricted or frozen;
● Enhanced the KYT system to improve monitoring and review capabilities for sanctioned regions, high-risk addresses, and anomalous on-chain transaction paths, and to freeze related transactions;
● Continued to identify and take action against accounts abusing the platform for illicit activity, particularly those using CoinEx as a fund transit point.
● Regarding Our Future Commitment
The digital asset industry continues to develop rapidly, and the global regulatory environment is continuously evolving. As with the industry at large, CoinEx's anti-money laundering and transaction monitoring capabilities are continuously being strengthened. We will continue to invest resources in enhancing our KYC, AML, sanctions screening, and on-chain risk monitoring capabilities, respond to concerns from all parties in a responsible manner, and welcome review by relevant authorities.
Read: https://x.com/coinexcom/status/2070044548542390722?s=20
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