Compliance
AML/KYC and MiCA — European standards without unnecessary bureaucracy: digital onboarding, risk-based approach and transparent policies.
Request policiesCompliance in numbers
Unified framework for fiat and crypto — from onboarding to regulatory reporting.
Anti-money laundering
Risk-based approach, transaction monitoring and STR to regulators — for fiat and crypto.
Financial Crime Compliance department — 40+ specialists. World-Check, Chainalysis and behavioural analytics on every payment.
Clients undergo periodic review by risk rating. Suspicious activity is recorded without client notification — in accordance with law.
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CDD / EDD
Standard and enhanced UBO, source of funds and ownership structure checks.
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Sanctions
OFAC, EU, UN — real-time screening on onboarding and every transaction.
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STR
Suspicious Transaction Reports to CBC and FIU — via internal triggers and external data.
Know your customer
Digital onboarding with document verification, liveness and UBO checks for legal entities.
Most clients complete KYC online in one day. For complex structures and high-risk — EDD with a compliance analyst.
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Individuals
Passport/ID, proof of address, source of funds from €50k. Video liveness in the app.
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Legal entities
Registry, UBO, business model, financial statements and counterparty description.
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Crypto
CASP questionnaire, travel rule, address screening and limits by risk profile.
EU crypto regulation
Readiness for Markets in Crypto-Assets Regulation and CASP processes.
Circle Banking implements CASP processes: custody segregation, complaints handling and risk disclosures for clients.
Periodic reports for tax purposes available — the bank does not provide tax advice.
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Policies
AML, KYC, Crypto Risk — PDF on request at compliance@circlebanking.cy.
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Updates
Client notification 30 days before material changes to policies and fees.
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MiCA roadmap
Token whitepapers, CASP licensing and reporting on the EU schedule.
Transparent compliance
Request AML/KYC policies or ask the compliance team a question.