AML Policy

Yanance, Inc. and Yanance USA, Inc. (individually and collectively referred to as the “Company”) are corporations organized under the laws of the State of Oregon. The Company operates an internet-enabled peer-to-peer (“P2P”) marketplace that facilitates the purchase and sale of digital assets.

Yanance is registered as a Money Services Business (MSB) with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”). The Company’s Anti-Money Laundering (“AML”) policies and procedures are designed to prevent the misuse of its platform for illicit activities, and to safeguard its users, its business, and the broader digital asset and financial services communities from criminal exploitation. Yanance complies with the requirements of the Bank Secrecy Act (BSA), as well as related FinCEN regulations and guidance.

As part of its compliance framework, Yanance has implemented robust Know Your Customer (“KYC”) policies and procedures for both individual and institutional users. These policies are intended to establish a reasonable belief that the Company knows the true identity of each user undergoing such verification. This policy applies to all users of the platform and is followed by all Company employees, officers, directors, owners, consultants, and agents.

In line with a risk-based approach to KYC and AML compliance, Yanance has adopted the following measures:

  • Appointment of a Chief Compliance Officer (CCO): A qualified and independent CCO oversees the Company’s compliance with applicable laws, regulations, and industry standards.

  • Risk-Based KYC and Due Diligence: Implementation of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) protocols aligned with the risk profiles of users.

  • User Verification Tiers: Establishment of risk-based verification levels for users (refer to our official blog for details).

  • Regulatory Cooperation: Full cooperation with law enforcement and adherence to all applicable regulatory obligations.

  • Suspicious Activity Reporting: Filing of Suspicious Activity Reports (“SARs”) when Yanance becomes aware of activity that is known, suspected, or reasonably suspected to be suspicious. Suspicious transactions are generally those inconsistent with a user’s known lawful activities or financial profile. The CCO reviews and investigates such activity to determine whether a SAR should be filed and maintains records of all SARs and their supporting documentation.

  • Training and Monitoring: Company-wide training on BSA/AML/OFAC compliance, coupled with the deployment of anti-fraud systems, transaction monitoring, and blockchain analytics for investigation and monitoring purposes.

Additionally, Yanance has adopted OFAC sanctions compliance procedures to prevent the use of its platform