Measures to Ensure Funds Safety at LionOTC

At LionOTC, the safety of your funds is our utmost priority. We have instituted a comprehensive set of protocols to protect not only the assets but also to maintain the integrity and reputation of our platform. Here are the measures we have put in place:

1. Rigorous KYC and AML Procedures: Before any transactions, all our clients are mandatorily subjected to our Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. This ensures that our funds remain secure and that we protect our counter-parties and users against potential fraud or illicit activities.
2. KYT Checks for Cryptocurrency: All cryptocurrency transactions on our platform undergo Know Your Transaction (KYT) checks. This acts as another layer of scrutiny, ensuring that the sources and destinations of funds are legitimate.
3. Non-Custodial Approach: LionOTC operates on a non-custodial model. This means that we do not hold onto our users’ funds. We only facilitate over-the-counter trades, ensuring that your funds remain under your control at all times.
4. Transparent Wallet Addresses: Our cryptocurrency wallet addresses are transparent. We believe in open communication; hence, if there’s any change or addition to our wallet addresses, we promptly notify our users.
5. Transparent Bank Account Details: Just like our wallet addresses, our bank account details are also transparent. Any changes or introduction of new bank accounts are immediately communicated to our users to prevent misdirection of funds.
6. No Third-Party Transfers: To prevent complications and potential fraud, we strictly prohibit third-party transfers. All transactions must directly involve the account holder.
7. Industry Restrictions: We’ve outlined specific industries that we deem high-risk. Engaging with entities from these prohibited industries is restricted to maintain the safety of the platform and its users.
8. Sanction Compliance: We do not engage in transactions with entities or individuals from sanctioned countries or companies. This is in line with global standards and regulations, ensuring our platform’s compliance and safety.
9. Continuous Monitoring and Audits: Regular internal and external audits of our security protocols and systems ensure that we remain updated with the latest security standards. This ongoing vigilance minimizes vulnerabilities and fortifies our protective measures.

By adhering to these strict measures, LionOTC ensures a secure environment for all its users, upholding the trust that you place in us.