The anti-money laundering framework that governs the MrSwap payment service, operated by Boratech Solutions Ltd.
Boratech Solutions Ltd is committed to preventing the use of MrSwap for money laundering, terrorist financing, fraud, or any other financial crime. This policy sets out the controls used to identify, prevent, and report such activity.
Customers are identified and verified in accordance with the MrSwap KYC Policy before risk-sensitive functionality is made available. Due diligence is risk-based: higher transaction volumes, higher-risk patterns, or business accounts trigger enhanced verification.
MrSwap will not knowingly provide services to sanctioned individuals or entities, and screening controls are applied consistent with the sanctions regimes applicable to the service and its partners. Activity associated with stolen payment instruments, fraud, darknet markets, or ransomware is prohibited and will result in account termination.
Customer identification data and full transaction records — including order, payment, and settlement details — are retained in an auditable ledger for at least the period required by applicable law, and are available to competent authorities on lawful request.
Suspicious activity is escalated internally, and reports are made to the relevant authorities where required by applicable law. Staff involved in operating the service are required to escalate concerns and are prohibited from alerting the customer concerned (“tipping off”).
This policy is owned by the leadership of Boratech Solutions Ltd, reviewed at least annually, and updated as the product, its jurisdictions, and applicable regulation evolve. Where a jurisdiction requires registration or licensing for the activities MrSwap performs, the service will be offered there only once the necessary permissions or appropriately authorized partners are in place.
AML inquiries and law-enforcement requests: [email protected].
