1. Introduction
7Money adheres to international AML/CTF standards (Anti-Money Laundering / Counter-Terrorist Financing) and takes measures to prevent any attempts to use the service for illegal purposes.
We do not provide fund storage services and are not a financial institution.
AML/KYC analysis is performed by a licensed payment provider through which the transactions are processed.
2. AML Check and Risk-Score Model
All incoming transactions undergo automated verification through the provider’s analytics systems.
2.1 How the Risk-Score Works
Each transfer is analyzed according to several criteria:
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interaction with suspicious services;
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presence of risk-tags;
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percentage of funds received from high-risk addresses;
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connections with darknet, fraud, or sanctioned entities.
2.2 Risk Threshold
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Acceptable level: up to 60%
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Above 60%: automatic rejection or request for KYC/SoF
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Certain tags automatically block the transaction, even with a low risk percentage.
2.3 High-Risk Categories
Transactions are rejected if the following tags are present:
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Sanctions
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Illegal Services
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Fraud / Scam
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Terrorism Financing
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Child Sexual Abuse Materials
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Darknet markets
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Mixers and prohibited jurisdictions
3. KYC (Identity Verification)
KYC (Know Your Customer) is applied when the provider’s AML check detects suspicious signs, and is also required for all cash exchanges.
3.1 When KYC May Be Required
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high Risk-Score;
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high-level risk tags;
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suspicion of fraud;
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transaction data mismatch;
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refund request review;
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cash exchanges.
3.2 What the Payment Provider May Request
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identification document;
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selfie for comparison;
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proof of source of funds (SoF);
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screenshots of the operation;
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address ownership confirmation.
7Money does not store or process personal documents — this is done by the provider.
4. Address Risk Levels
The AML provider determines:
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0–25% — low risk
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25–60% — medium risk
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60%+ — high risk, transaction may be rejected
The rating can change in real time, as analytics databases are constantly updated.
5. Why AML Procedures Are Mandatory
AML control is required to prevent:
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money laundering;
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terrorism financing;
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use of stolen assets;
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operations violating international sanctions;
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fraudulent activities.
Non-compliance may lead to restrictions by banks, providers, and regulators.
6. Actions in Case of Transaction Blocking
If a transaction is blocked by the system, the client may undergo additional verification.
To confirm the source of funds, the following may be required:
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platform from which the funds were sent;
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withdrawal history screenshots;
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transaction purpose;
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amount, date, and time;
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correspondence with the sender (if applicable).
If, after AML/KYC, the transaction is rejected, a refund may be possible. For cash exchanges, additional KYC verification is required.
7. Refunds
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refunds are made only after successful KYC;
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fee — up to 5% of the refund amount, but not more than $100;
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refunds are available only if there are no signs of illegal activity;
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in case of confirmed illegal activity, refund is not guaranteed.
8. Service Refusal
7Money reserves the right to:
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refuse to process a transaction;
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request additional information;
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suspend an operation until analysis is completed;
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transfer information to the provider as part of AML procedures.
9. Policy Updates
AML/KYC policy may be updated without prior notice to comply with international standards and payment system requirements.
10. Country Restrictions
The service does not provide services in the countries listed below. 7Money has the right to refuse service to users from these countries, return all paid funds with compensation of the user-side fee, or simply refuse without explanation:
USA, Canada, Australia, Myanmar, Pakistan, Afghanistan, Iran, Iraq, Syria, Lebanon, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Palestine, Eritrea, Libya, Liberia, Sudan, Democratic Republic of the Congo, Côte d’Ivoire, Somalia, Guinea, Sierra Leone, Algeria, Ethiopia.