Token Terms & Conditions

Token Terms & Conditions

KYC/AML Compliance Notice

Effective Date: 01 May 2025
Responsible Entity: Schwarzott Capital Partners AG
Contact: law@schwarzott-global.com
Jurisdiction: Zurich, Switzerland

1. Introduction

Schwarzott Capital Partners AG is committed to full compliance with applicable anti-money laundering (AML), counter-terrorist financing (CTF), and know-your-customer (KYC) obligations in accordance with Swiss law, EU regulations (including MiCA), and FATF standards.

This notice outlines the framework under which identification procedures may be required for users interacting with the ARAS AI platform and the $ARAS Utility Token.

2. When KYC/AML Procedures Apply

While the $ARAS Token is classified as a Utility Token, certain scenarios may trigger the need for user identification, including but not limited to:

  • Strategic token allocations or high-volume transfers

  • Participation in DAO governance or funding initiatives

  • Access to premium features involving recurring transactions

  • Connection to fiat payment gateways or regulated entities

  • Suspicion of unlawful behavior or flagged jurisdictions

3. KYC Process

If triggered, users must undergo a structured onboarding process involving:

  • Identity verification (government-issued ID, passport, etc.)

  • Proof of address (utility bill, bank statement, etc.)

  • Live verification (e.g., selfie check or video KYC)

  • Declaration of source of funds and beneficial ownership

The process is conducted via a secure, GDPR-compliant identity verification partner. Schwarzott Capital Partners AG does not retain original copies of documents longer than necessary.

4. AML Policy

We maintain a zero-tolerance policy against:

  • Money laundering, terrorism financing, or fraud

  • Use of the platform for tax evasion or sanctions circumvention

  • Mixing or anonymizing services (e.g., mixers, tumblers)

  • Use of privacy coins or high-risk wallets for token purchases

All suspicious transactions or behavior may be reported to the relevant financial intelligence unit (FIU) or supervisory authority.

5. Jurisdictional Restrictions

We do not allow participation from users located in, or acting on behalf of individuals/entities from, sanctioned countries or jurisdictions deemed high-risk by FATF or the Swiss State Secretariat for International Finance (SIF). This includes, but is not limited to:

  • North Korea

  • Iran

  • Syria

  • Cuba

  • Crimea (Russia)

Users accessing the platform via VPN to obfuscate their location may be denied access or have their accounts terminated.

6. Record Retention and Data Protection

In accordance with Swiss law and GDPR requirements:

  • KYC data is stored for a minimum of 5 years post-termination of the business relationship

  • Access to sensitive data is restricted to trained compliance personnel

  • All data is encrypted and securely processed within the EEA or Switzerland

Users have the right to request access to, correction of, or deletion of their personal data in line with applicable regulations, unless legal retention obligations apply.

7. Risk-Based Approach

We employ a dynamic, risk-based approach to user onboarding and transaction monitoring. This includes:

  • Ongoing monitoring of transactional behavior

  • Dynamic risk scoring of accounts

  • Periodic review of user risk profiles

High-risk users may be subjected to enhanced due diligence (EDD) or denied access altogether.

8. Acceptance and Enforcement

By interacting with the ARAS AI platform or acquiring $ARAS Tokens, you agree to comply with our KYC/AML requirements. Failure to provide requested documentation or attempts to circumvent verification processes may result in denial of access, token freezing (if technically feasible), or reporting to authorities.

Legal Contact:
Schwarzott Capital Partners AG
E-Mail: law@schwarzott-global.com
Last Updated: 01 May 2025