At Bottlepay, we aim to be a safe, accessible platform that provides the best possible introduction and experience to the future of finance. We like to think we mix the best of Worlds, combining conventional currencies with new innovations such as bitcoin.
We strive to be open and transparent, creating a safe environment that will appeal to all levels of technical expertise. As a regulated crypto-asset provider, from time to time you may experience a delay, or be contacted by our team in regards to one of your transactions following our screening processes.
To fulfil our legal obligations, and remain compliant, we are not able to give you specific details in every circumstance. However, this article aims to give you an overview of the analysis we apply to all transactions.
For bitcoin transactions, we use automated screening tools to better understand the history of the funds. Based on the information returned, we will consider:
The source of the funds
The services the funds have passed through (mixers, gambling, etc)
Evaluation of activity based on percentage of all transactions
We combine this with other relevant Anti Money Laundering (AML) frameworks to take a risk based approach that determines what actions we take.
We may sometimes seek further information or explanation in regards to any flagged activity.
We reserve the right to return funds and suspend any account as necessary that may place us in breach of the laws, regulatory framework, or our customer agreement, under which we operate.