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author | Özgür Kesim <oec-taler@kesim.org> | 2023-07-03 16:20:44 +0200 |
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committer | Özgür Kesim <oec-taler@kesim.org> | 2023-07-03 16:20:44 +0200 |
commit | f969bd3c5b47e3b48a6450908a2abf7de50b0998 (patch) | |
tree | 73cf7e93e806e43926f3f39182bb7ba5c815199f /doc/flows/kyc-deposit.tex | |
parent | 40629e89920267dadba39f5f7f2ab3d844088a0e (diff) | |
parent | 2d4ebd3fc390f539c3e9f599046176e950a4619f (diff) | |
download | exchange-f969bd3c5b47e3b48a6450908a2abf7de50b0998.tar.xz |
Merge branch 'master' into age-withdraw
Diffstat (limited to 'doc/flows/kyc-deposit.tex')
-rw-r--r-- | doc/flows/kyc-deposit.tex | 21 |
1 files changed, 14 insertions, 7 deletions
diff --git a/doc/flows/kyc-deposit.tex b/doc/flows/kyc-deposit.tex index bac0ead4e..7e1c3d1ef 100644 --- a/doc/flows/kyc-deposit.tex +++ b/doc/flows/kyc-deposit.tex @@ -1,4 +1,4 @@ -\section{KYC: Deposit} +\section{KYC: Deposit} \label{sec:kyc:deposit} \begin{figure}[h!] \begin{center} @@ -14,8 +14,8 @@ ] \node (start) [start] {Start}; \node (country) [decision,below=of start,text width=2.5cm] {Target account in allowed country?}; - \node (amount) [decision, below=of country,text width=2.5cm] {Target account received less than KYC threshold?}; - \node (kyc) [process, right=of amount] {KYC process}; + \node (amount) [decision, below=of country,text width=2.5cm] {Target account received less than KYB threshold?}; + \node (kyc) [process, right=of amount] {KYB process}; \node (high) [decision, below=of amount,text width=2.5cm] {Target account received more than its AML threshold?}; \node (aml) [process, right=of high] {AML process}; \node (dummy) [below right=of aml] {}; @@ -55,8 +55,8 @@ \end{tikzpicture} \end{center} \caption{Regulatory process when depositing digital cash into a bank - account. When the transfer is denied, the money is returned to the - originating wallet.} + account. When the transfer is denied, the money is held in escrow + until authorities authorize the transfer.} \end{figure} @@ -66,8 +66,15 @@ \begin{tabular}{l|l|r} {\bf Setting} & {\bf Type} & {\bf Value} \\ \hline \hline Allowed bank accounts & RFC 8905 RegEx & {\em CH*} \\ \hline - KYC deposit threshold & Amount/month & {\em 5000 CHF} \\ - KYC deposit threshold & Amount/year & {\em 15000 CHF} \\ + KYB deposit threshold & Amount/month & {\em 5000 CHF} \\ + KYB deposit threshold & Amount/year & {\em 25000 CHF} \\ Default AML deposit threshold & Amount/month & {\em 2500 CHF} \\ \end{tabular} \end{table} + +The KYB deposit threshold of 5'000 \CURRENCY{} per month and than 25'000 +\CURRENCY{} per year ensure compliance with article 48-1b. + +Additionally, our terms of service will prohibit businesses to receive +amounts exceeding 1'000 \CURRENCY{} per transaction (well below the +15'000 \CURRENCY{} threshold defined in article 24-1c). |