1. Purpose
Sivan uses verification, provider controls, sanctions screening, fraud monitoring, and automated transaction review to eliminate fraud and illicit activity across its Service Agreement and payment coordination tools.
2. Verification Required
- Users may be required to complete identity verification before using payment settlement features.
- Businesses and corporate entities may be required to complete business verification (KYB) and provide beneficial ownership information.
- Enhanced Due Diligence (EDD) may be applied for high-volume transactions, unusual cross-border activity, or provider compliance requests.
3. Sanctions and Screening
Sivan and its regulated partners screen users, counterparties, businesses, wallet addresses, and settlement transactions against OFAC, UN, EU, UK, and Nigerian FIU sanctions lists, watchlists, fraud signals, and compliance databases.
4. Prohibited Activity
- Money laundering, terrorist financing, sanctions evasion, fraud, scams, and illegal activity.
- Use by sanctioned persons, prohibited jurisdictions, or restricted counterparties.
- Use of stolen accounts, forged documents, unauthorized payment methods, or false identities.
- Transactions involving ransomware, darknet markets, stolen funds, or illegal goods/services.
5. Transaction Monitoring and Holds
Sivan or its providers may delay, reject, freeze, suspend, or cancel transactions while reviewing source of funds, transaction purpose, provider rules, sanctions risk, fraud indicators, or legal obligations.
6. Suspicious Activity Handling
Where required or appropriate, Sivan reports suspicious activity to authorized providers, regulators, law enforcement, or competent authorities.
7. Contact
Compliance questions can be sent to support@sivantech.online.