Issued by:
OrbeatX Gaming Pvt. Ltd.
Token:
OrbeatX Token (OBX)
Blockchain:
BNB Smart Chain (BEP-20)
Last Updated:
October 2025 | Version 1.0
Compliance Notice
All users must comply with KYC and AML requirements. Failure to provide accurate information or suspicious activity may result in account suspension and reporting to relevant authorities.
1. Purpose and Scope
This combined Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy defines OrbeatX's standards for preventing, detecting, and reporting money laundering, terrorist financing, and financial fraud across the OrbeatX ecosystem and its native token OBX.
The policy ensures compliance with:
- • Prevention of Money Laundering Act (PMLA) 2002
- • FATF 40 Recommendations (2021)
- • FIU-IND Regulations (India)
- • SEBI AML Framework for Digital Assets
- • EU AMLD6 Directive & GDPR
- • BNB Smart Chain Compliance Standards
Applies to all OrbeatX users, investors, developers, partners, exchanges, and employees engaged with OBX.
2. Policy Statement
Zero Tolerance Policy
OrbeatX enforces zero tolerance toward illegal financial activity.
Goal 1
Preventing misuse of OBX Tokens
Goal 2
Ensuring verified user identity and lawful fund sources
Goal 3
Detecting and reporting suspicious transactions
Goal 4
Maintaining transparent, auditable records
3. Legal Framework
| Jurisdiction | Regulatory Reference |
|---|---|
| 🇮🇳 India | PMLA 2002 / FIU-IND / SEBI |
| 🌍 Global | FATF Recommendations for VASPs |
| 🇪🇺 EU | AMLD6 / GDPR |
| 🇺🇸 USA | FinCEN / BSA / PATRIOT Act |
| Others | MAS (Singapore) / VARA (Dubai) |
| Blockchain | BEP-20 Smart Contract Compliance |
4. KYC Procedures
4.1 User Verification
Individuals: Government ID + Address proof + Selfie or Video KYC
Entities: Incorporation certificate + Authorized signatory ID + UBO declaration
4.2 Verification Process
4.3 Institutional Investors
Enhanced Corporate Verification (ECV): UBO disclosure, sanctions screening, proof of funds
5. AML Framework
5.1 Transaction Monitoring
AI-driven detection of unusual patterns, large transfers, or layering activity.
Integrations with Chainalysis/TRM Labs/Elliptic track on-chain behavior.
5.2 Suspicious Transaction Reporting (STR)
5.3 Risk-Based Approach
User risk profile (Low / Medium / High) continuously updated.
6. Enhanced Due Diligence (EDD)
High-risk cases require: income proof, bank verification, video KYC, and manual review.
Includes PEPs, FATF grey-list countries, and large wallet movements.
7. Risk Classification
| Level | Indicators | Action |
|---|---|---|
| Low | Verified small-value users | Standard monitoring |
| Medium | Irregular volume or cross-border use | Periodic review |
| High | PEPs / Unverified fund sources | EDD + Senior approval |
8. Ongoing Monitoring
Continuous wallet analysis on BNB Chain
Alerts for cross-chain OBX transfers
Re-verification every 12 months
9. Sanction Screening
All users checked against FATF, OFAC, UN, EU, Interpol lists.
Flagged accounts frozen pending investigation.
10. Record Keeping
Maintain KYC data, wallet logs, and STRs ≥ 5 years, AES-256 encrypted and access-controlled.
11. Third-Party Vendor Compliance
Vendors must be ISO 27001 & GDPR certified, audited yearly, and bound by AML/KYC clauses.
12. Data Privacy & Security
GDPR & PDP Bill compliance
No data shared beyond legal requirements
User right to erasure honored
13. User Obligations
Provide truthful data, update records, and avoid illegal activity.
Violations → account freeze + authority notification
14. Internal Governance
Key Roles:
Chief Compliance Officer, Legal Advisor, Security Lead, Compliance Analysts.
Monthly audits and quarterly training ensure continuous oversight.
15. Training & Awareness
Mandatory AML and blockchain risk sessions for all employees and partners.
16. Politically Exposed Persons (PEPs)
All users screened against global PEP databases.
PEP Requirements:
- • Undergo Enhanced Due Diligence (EDD)
- • Require senior management approval
- • Subject to enhanced transaction monitoring
- • Expedited onboarding strictly prohibited
17. Source of Funds Verification
For large investors or corporate participants:
- • Audited financial statements or bank references requested
- • Proof of fund origin evaluated to ensure lawful participation
Unclear sources → automatic review and possible rejection
18. Blockchain Analytics Integration
OrbeatX employs on-chain intelligence using Chainalysis, TRM Labs, and Elliptic to:
Detect
Wallets linked to fraud, mixers, or sanctioned entities
Trace
Fund flows and verify token origin
Provide
Audit trail to authorities if legally required
19. Travel Rule Compliance (FATF Rec. 16)
OrbeatX acknowledges global Travel Rule requirements for VASPs. Future OBX exchange integrations will enable secure data exchange of verified sender/receiver information between trusted VASPs in accordance with privacy laws.
20. Escalation & Review Committee
High-risk cases or law-enforcement requests are handled by a three-member Compliance Escalation Committee.
Chief Compliance Officer (CCO)
Legal Counsel
Chief Technology Officer (CTO)
Committee Responsibilities:
- • Approve/reject high-risk onboardings
- • Authorize wallet freezes or STR filings
- • Maintain auditable decision records
21. Prohibited Jurisdictions
Participation is restricted for residents of FATF high-risk, OFAC-sanctioned, or crypto-banned countries (e.g., North Korea, Iran, Syria).
22. Reporting Violations
All suspicious activity must be reported to:
Anonymous whistleblower protection is guaranteed under the OrbeatX Integrity Policy
23. Policy Review & Updates
Reviewed annually or on regulatory change.
Next scheduled review: October 2026
All updates posted on www.orbeatx.com/legal
24. Disclaimer
Completion of KYC does not guarantee participation if AML red flags arise.
OrbeatX reserves the right to suspend any account suspected of illicit use.
25. Conclusion
The OrbeatX KYC & AML Policy v1.0 reflects our dedication to building a transparent, secure, and fully compliant Web3 ecosystem.
Through advanced AI monitoring, blockchain analytics, and strict legal governance, OrbeatX ensures that the OBX Token and its community remain trusted, ethical, and future-ready for the next era of decentralized gaming and finance.
Contact Information
Compliance Queries:
compliance@orbeatx.comLegal Queries:
legal@orbeatx.comWebsite:
www.orbeatx.com/legalRegistered Office:
3156, Rajdanga Main Road, 2nd Floor, Kolkata, West Bengal, 700107, India