AML Compliance
Anti-money laundering policy, KYC verification procedures, and compliance obligations for iCloser users
AML Compliance
Our Commitment
iCloser is committed to maintaining a secure and compliant digital asset infrastructure. To help prevent money laundering, terrorist financing, sanctions violations, and other illicit activity, iCloser applies a risk-based Anti-Money Laundering (AML) and compliance framework to relevant services.
Regulatory Registration
FinCEN Money Services Business (MSB)
Registration Number: 31000311076673
Regulator: Financial Crimes Enforcement Network (FinCEN)
Activities: Dealer in foreign exchange, Money transmitter, Prepaid access seller
🔗 Verify on FinCEN MSB RegistrySelf-Custody Wallet Model
iCloser provides self-custody wallet functionality for supported digital asset features.
Users retain control over their wallet credentials and digital assets in self-custody contexts. iCloser does not present this wallet layer as a custodial banking relationship.
AML monitoring becomes relevant when users interact with regulated interfaces, partner-supported payment functions, or onboarding flows requiring compliance review.
How Risk Monitoring Works
iCloser may use blockchain analytics, sanctions screening, account review procedures, and transaction monitoring controls to evaluate activity associated with regulated services.
- Address and transaction risk analysis
- Exposure screening for sanctioned or prohibited parties
- Pattern analysis for unusual or suspicious activity
- Jurisdictional and eligibility review
- Additional verification when risk indicators are identified
Risk-Based Compliance Approach
Depending on the nature of the activity and applicable legal requirements, iCloser or its licensed partners may:
- Process activity normally
- Request additional verification or documentation
- Place a transaction or feature under review
- Decline, limit, or restrict access to regulated services
- Escalate cases for internal compliance review or legal response
Sanctions and Prohibited Activity
iCloser does not intend to provide regulated services to sanctioned parties, prohibited users, or users in restricted jurisdictions where such services are not permitted.
Availability of the App or website does not mean that all regulated services are available to all users in all jurisdictions.
Suspicious Activity Handling
Where suspicious behavior is identified, iCloser may review activity, restrict access to regulated interfaces, maintain records, or cooperate with licensed partners and authorities when required by law.
Cooperation with Licensed Partners
Certain payment, card, account, or settlement services may be offered through licensed financial institutions or authorized partners. Those partners may apply their own onboarding, AML, KYC, transaction review, and service eligibility requirements.
Record Retention and Legal Cooperation
Compliance-related records may be retained in accordance with applicable legal and regulatory requirements. iCloser may respond to lawful requests, legal process, and partner compliance obligations where required.
Contact Information
For AML or compliance-related inquiries:
Email: compliance@icloser.xyz
Address: iCloser Ltd., 1580 N Logan St, Suite 660 #30327, Denver, CO 80203, USA