This AML & KYC Policy describes how NUVITRON LTD ("Company", "we", "us", "our") prevents fraud, money laundering, terrorism financing, sanctions violations, and other illicit activity on MyDrop24.com (the "Service"). Because the Service supports cryptocurrency deposits and withdrawals and allows Withdrawable Balance withdrawals, we apply compliance controls to protect users and meet legal obligations where applicable.
Risk-based approach
Checks are proportionate to risk signals, volume, and legal requirements.
Verification when required
We may require identity verification before withdrawals, shipping, or continued use.
Monitoring and enforcement
We monitor activity and may restrict accounts when suspicious patterns are detected.
Minimization
We request only data necessary for verification and compliance, consistent with our Privacy & Cookies Policy.
Depending on the case, KYC may include:
Name, date of birth, nationality (where required)
Residential address
Identity document verification (passport/ID) and verification results
Selfie/liveness checks (where used by the provider)
Screening against sanctions and watchlists (where required)
Source-of-funds/source-of-wealth information (for higher volumes or risk signals, where legally necessary)
We may request verification at any time, including:
Before withdrawals of Withdrawable Balance
Before shipping high-value or sensitive items
When volume exceeds internal thresholds
When unusual patterns are detected (e.g., rapid deposits/withdrawals, high-frequency Exchanges, repeated small deposits)
When multiple accounts, shared devices, or suspicious referral patterns are detected
When wallet risk indicators are flagged by screening tools
When required by law, regulation, or a lawful request from authorities
We may use on-chain analytics and screening tools to:
Confirm transaction origin and continuity
Detect exposure to illicit activity (e.g., stolen funds, hacks, sanctioned entities)
Comply with sanctions and legal requirements
Support fraud prevention and platform integrity
If wallet screening indicates elevated risk, we may:
Request additional information
Place a temporary hold on withdrawals/shipping
Restrict account features
Terminate the account where permitted by law
We may place holds or restrictions if we suspect:
Fraud or attempted fraud
Money laundering or attempts to conceal origin of funds
Sanctions violations
Chargeback-related abuse (where applicable)
Use of automation/bots
Manipulation of Exchange values
Multiple-account abuse
Identity misrepresentation
Any other material policy violation
Holds may apply to:
Withdrawals
Shipping
Exchanges (sell-back)
Bonuses/promotions
Or the entire account
If you fail to complete verification, provide inaccurate information, or refuse reasonable requests necessary for compliance, we may:
Restrict the account
Cancel shipping requests
Hold withdrawals
Terminate access as permitted by law
We retain AML/KYC and transaction records as required by law and for security/compliance purposes. Retention periods may vary depending on legal obligations and risk considerations. See our Privacy & Cookies Policy for details.
We may use third-party providers for identity verification, sanctions screening, fraud prevention, and blockchain screening. Provider availability may vary by region. We remain responsible for compliance decisions under applicable law.
By using the Service, you agree to:
Provide accurate information when requested
Keep account information up to date
Not attempt to bypass compliance controls (VPN/proxy circumvention, multiple accounts)
Not use the Service for illicit purposes
We may update this Policy and will update the "Last Updated" date accordingly.
Questions: [email protected]
For compliance-related inquiries, please contact us at:
[email protected]