XREX has a zero tolerance policy for money laundering, fraud, and all other financial crimes. We have advanced detective controls in place to identify and report transactions and accounts connected to any crimes known or suspected. Reports are made directly to the jurisdiction having authority, and the subject(s) of any report(s) will not be notified of any such report. This is a requirement for XREX, and you agree to hold XREX harmless for submitting any reports in good faith.
XREX must comply with regulations and share information with FIUs and law enforcement in certain circumstances to prevent money laundering, fraud, and the financing of terrorism. In order to comply with these rules XREX has established policies to collect, verify, and retain your information. This includes information you have entered and information we have generated in providing services to you.
What we report
We report people, entities, accounts, and transactions that we identify, through proprietary means, to be engaged in suspicious or illegal activity. We report the information provided by the person(s) named on the accounts, and the information that we collected in determining that the activity is suspicious or illegal. We report all data relevant to law enforcement and germaine to the reported events.
Why we report
XREX is a regulated exchange. We report the information we are required to report by law.
Who we file reports with
XREX reports directly to the Financial Intelligence Unit (FIU) having jurisdiction over the transaction or account. For EU regulated jurisdictions, this is usually the central bank for the country where the account was established or funded. For the US, this is the Financial Crimes Enforcement Network (FinCEN). Such reports are made in the required format and means. They are retained by XREX and the FIU for the time period required by the regulations.