AML/KYC Policies

Compliance and Risk Management: Screening High-Risk Wallets

Premia employs Elliptic's Holistic Screening 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

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.

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.

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.

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.

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.

Q: Are there any changes to data collection and privacy practices? No, our data collection and privacy 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.

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