Anti-Money Laundering Policy

Last updated: January 2024

1. Purpose

BLAZE is committed to preventing money laundering and terrorist financing. This Anti-Money Laundering (AML) Policy outlines our procedures and controls to detect, prevent, and report suspicious activities.

2. Risk Assessment

We conduct ongoing risk assessments of our platform, monitoring transaction patterns, user behavior, and emerging threats. Our risk-based approach focuses resources on the highest-risk areas.

3. Customer Due Diligence

While BLAZE operates on a decentralized model with wallet-based authentication, we implement the following measures:

  • Blockchain analytics to screen wallet addresses against known sanctioned addresses
  • Monitoring of transaction patterns for suspicious activity
  • Enhanced due diligence for high-value transactions
  • Cooperation with law enforcement when required

4. Transaction Monitoring

We employ automated systems to monitor all transactions for:

  • Unusually large deposits or withdrawals
  • Rapid deposits and withdrawals with minimal gameplay (pass-through transactions)
  • Multiple wallets operating in coordinated patterns
  • Transactions involving flagged or sanctioned addresses
  • Structuring of transactions to avoid thresholds

5. Suspicious Activity Reporting

When suspicious activity is detected, we will investigate and may take the following actions:

  • Temporarily suspend the associated wallet's access
  • Request additional verification from the user
  • File suspicious activity reports with relevant authorities
  • Permanently ban the associated wallet if warranted

6. Sanctions Compliance

We screen all wallet addresses against international sanctions lists including OFAC, EU, and UN sanctions. Wallets associated with sanctioned entities or jurisdictions are blocked from using the platform.

7. Record Keeping

All transaction records are maintained on the Solana blockchain, providing an immutable audit trail. Additionally, we maintain internal records of flagged activities, investigations, and reports for a minimum of 5 years.

8. Training

Our team receives regular AML/CFT training to stay current with regulations, typologies, and best practices for preventing financial crimes in the cryptocurrency space.

9. Contact

To report suspicious activity or for AML-related inquiries, please contact our compliance team through our official Discord server or Telegram channel.