Legal information
AML/KYC Statement
ALTA is developing a risk-based AML/ATF and business verification framework. This public summary is not an internal compliance manual.
Review-ready draft · Last updated August 1, 2026
Business verification
The intended framework includes verification of legal entities, directors, authorized persons, ownership and ultimate beneficial owners.
Risk assessment
Applicants, counterparties, corridors, products and expected activity may be assessed for money laundering, terrorist financing, sanctions, fraud and other financial-crime risks.
Screening and due diligence
Planned controls include sanctions, PEP and adverse-media screening, source-of-funds inquiry, enhanced due diligence and ongoing monitoring.
Records and reporting
Processes for record keeping, escalation and legally required suspicious transaction reporting are under development.
Right to decline
ALTA may request additional information or decline a relationship or transaction. No explanation can be guaranteed where law or risk controls restrict disclosure.
This document is informational and remains subject to legal, regulatory and operational review before service launch.