AML policy
VCCBuy does not allow its service to be used for money laundering, terrorist financing or sanctions evasion. This page summarises the controls we apply and what they mean for members.
Our commitment
We apply a risk-based approach: the checks on an account scale with the amounts and patterns involved.
Verification
Every account is tied to a verified email address. We may ask for further identity information before crediting a deposit, issuing a card or paying a withdrawal, and we may decline to proceed without it.
Review of deposits and withdrawals
Deposits are credited only after review, and withdrawals are paid only after review. Each is matched to a transaction hash and recorded in the account ledger.
Monitoring
We look for activity that does not fit normal use, such as deposits structured to avoid review, funds from flagged sources, or rapid movement of funds in and out without card use.
Restricted use
The service may not be used by sanctioned persons or from prohibited jurisdictions, or to pay for illegal goods and services. See the terms of service.
Records and reporting
We keep transaction records for the period the law requires and report suspicious activity to the relevant authorities where we are obliged to. We cannot tell a member when a report has been made.
What this means for you
Most members never notice these controls. If a deposit or withdrawal is paused, support will tell you what information is needed.