Anti-Money Laundering and Counter-Terrorism Financing Policy
Last updated: July 2026
TINQ operates subject to the Prohibition on Money Laundering Law, 2000, and the directives of the Capital Market, Insurance and Savings Authority applicable to financial asset service providers. This document outlines the core principles of the company's policy for preventing the use of its services for money laundering or terrorism financing.
1. Purpose of the Policy
The purpose of this policy is to ensure that the company operates in accordance with applicable legal requirements, prevent misuse of the platform for money laundering or terrorism financing purposes, and protect the company's customers and the integrity of Israel's financial system.
2. Know Your Customer (KYC) Process
As a condition for opening an account and performing actions on the platform, every customer is required to undergo an identification and verification process that includes, among other things:
- Presentation of a valid ID (identity card, passport or driver's license).
- Verification of personal details against public registries and/or certified identity verification services.
- Declaration of the source of funds and purpose of using the service, according to the customer's risk level.
- For corporations: identification of controlling shareholders and beneficial owners in accordance with legal requirements.
The company may request additional documents and details at any time, and may refuse to open an account or suspend an existing account if the required identification process has not been completed.
3. Risk Classification and Ongoing Monitoring
The company implements a Risk-Based Approach, whereby each customer is classified into a risk level according to parameters such as expected activity volume, country of residence, and actual account activity characteristics. Accounts classified at a higher risk level are subject to enhanced checks and more frequent monitoring.
The company's systems continuously and automatically monitor unusual activity, including irregular trading patterns, transfers to high-risk wallet addresses, and transaction splitting intended to avoid reporting thresholds.
4. Reporting to Authorities
In accordance with its legal obligations, the company will report to the Anti-Money Laundering and Counter-Terrorism Financing Authority any activity raising reasonable suspicion of money laundering or terrorism financing, and will also report transactions requiring disclosure according to the threshold set in the regulations. The company may delay or block a transaction pending review, and is not obligated to disclose to the customer the existence of such a report, in accordance with the "tipping-off" prohibition set forth in law.
5. Record Keeping
The company retains records of identification details, documents presented, and documentation of transactions performed, for the period required by law (including after account closure), in order to comply with regulatory requirements and to cooperate with enforcement authorities as needed.
6. Training and Internal Control
Company employees working in relevant fields undergo training on anti-money laundering and counter-terrorism financing, and a Compliance Officer is appointed to oversee the fulfillment of the company's obligations, responsible for implementing the policy, ongoing control, and updating procedures according to legislative and regulatory changes.
7. Policy Updates
This policy is reviewed and updated periodically according to changes in law, regulatory guidance, and the company's risk assessment. The binding version is the version published on the site at the relevant time.
8. Contact Us
Questions regarding this policy can be directed to the company's Compliance Officer by email compliance@tinq.co.il.