From a8b3f0eb4ea6c7b438a4081fe9a91b38ac60b07d Mon Sep 17 00:00:00 2001 From: Christian Grothoff Date: Sun, 2 Jul 2023 14:33:59 +0200 Subject: work on regulator text --- doc/flows/kyc-deposit.tex | 15 +++++++++++---- 1 file changed, 11 insertions(+), 4 deletions(-) (limited to 'doc/flows/kyc-deposit.tex') diff --git a/doc/flows/kyc-deposit.tex b/doc/flows/kyc-deposit.tex index bac0ead4e..b6345ad79 100644 --- a/doc/flows/kyc-deposit.tex +++ b/doc/flows/kyc-deposit.tex @@ -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] {}; @@ -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). -- cgit v1.2.3 From 8d6bce26ad056fca1f097c66de62e01476157850 Mon Sep 17 00:00:00 2001 From: Christian Grothoff Date: Sun, 2 Jul 2023 15:22:28 +0200 Subject: clarify what happens on block --- doc/flows/kyc-deposit.tex | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) (limited to 'doc/flows/kyc-deposit.tex') diff --git a/doc/flows/kyc-deposit.tex b/doc/flows/kyc-deposit.tex index b6345ad79..c2b2ff24f 100644 --- a/doc/flows/kyc-deposit.tex +++ b/doc/flows/kyc-deposit.tex @@ -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} -- cgit v1.2.3 From 2d4ebd3fc390f539c3e9f599046176e950a4619f Mon Sep 17 00:00:00 2001 From: Christian Grothoff Date: Sun, 2 Jul 2023 16:09:09 +0200 Subject: unconfuse pay and deposit --- doc/flows/kyc-deposit.tex | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) (limited to 'doc/flows/kyc-deposit.tex') diff --git a/doc/flows/kyc-deposit.tex b/doc/flows/kyc-deposit.tex index c2b2ff24f..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} -- cgit v1.2.3