# AML/KYC Policies

## Compliance and Risk Management: Screening High-Risk Wallets

Premia employs [Elliptic's Holistic Screening](https://www.elliptic.co/solutions/holistic) for compliance and risk management. This technology enables efficient, automated screening of customer activity across multiple blockchains. It identifies high-risk wallets, which are subsequently excluded from the Premia platform. The screening is powered by Elliptic's Nexus engine, capable of tracing crypto-asset flows across all assets and blockchains. This ensures Premia's alignment with global financial crime regulations.

## Premia's Compliance FAQ: Address Screening Guide

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**Q: How does Premia screen for high-risk wallets?**\
We utilize Elliptic's Holistic Screening technology for compliance and risk management. This tech automatically screens customer activity across multiple blockchains and identifies high-risk wallets, which are then excluded from the Premia platform.

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**Q: What criteria are used to block wallets?**\
Wallets associated with illegal activities such as sanctions, terrorism financing, hacked or stolen funds, ransomware, human trafficking, and child sexual abuse material (CSAM) are blocked.

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**Q: Why is Premia implementing this screening?**\
Premia's policy aims to prevent individuals engaged in illegal activities from using our platform. We are committed to maintaining a secure, transparent, and compliant trading environment.

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**Q: What should I do if my wallet is blocked?**\
If your wallet is blocked and you believe this is an error, contact our compliance team for further review.

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**Q: Does Premia control Elliptic's determinations?**\
No, we do not control Elliptic or their independent risk assessments. Their determinations are not reported to law enforcement.

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**Q: Are there any changes to data collection and privacy practices?**\
No, our data collection and [privacy](/resources/legal/privacy-policy.md) practices remain unchanged. We continue to log wallet addresses interacting with the Premia platform, but no additional data is collected. For more details, refer to our [Terms of Service](/resources/legal/terms-of-service.md).<br>


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