AML / KYC Policy

Last updated: November 2025

PlayPurse, LLC (“PlayPurse,” “we,” “our,” or “us”) is committed to maintaining the highest standards of anti-money laundering (AML) and know-your-customer (KYC) compliance. This policy outlines the principles and procedures that apply to Markets.Playpurse.app (the “Marketplace”) to help prevent money laundering, terrorist financing, and fraud.

1. Scope

This policy applies to all users of the Marketplace — including buyers, vendors, and any third parties interacting with the platform. It also applies to PlayPurse personnel, contractors, and partners who handle customer verification or transaction data.

2. Business Model & Risk Overview

Markets.Playpurse.app is a digital marketplace where verified vendors sell downloadable software and digital tools. All transactions on the Marketplace are priced and processed in U.S. dollars via approved third-party gateways such as Paddle, PayKings, or Rapyd.

The Marketplace itself does not issue, store, exchange, or trade cryptocurrency. Users who already have PlayPurse Wallets may optionally use an external processor (CoinPayments) to fund purchases, but such transactions are handled entirely outside the Marketplace’s control. No crypto custody, wallet management, or exchange occurs within this site.

3. Customer Identification (KYC)

• All vendors are required to provide accurate business and contact information when registering.
• PlayPurse may request additional documentation such as:
  • Government-issued ID (e.g., passport, driver’s license)
  • Proof of address (e.g., utility bill or bank statement)
  • Business registration or tax ID for vendors
• In cases of suspicious activity or high-risk transactions, PlayPurse reserves the right to request KYC verification from buyers as well.

4. Ongoing Monitoring

• We review account and transaction activity to identify unusual patterns or behavior.
• Automated tools and manual checks help detect potential fraud, duplicate accounts, or misuse of payment methods.
• Transactions may be delayed or held if flagged for additional review.

5. Suspicious Activity Reporting

If PlayPurse detects or is informed of suspicious activity, we may:

• Temporarily suspend the related account(s)
• Request additional KYC documentation
• Report relevant information to payment processors or law enforcement as required by applicable law

6. Data Retention & Privacy

KYC data and transaction records are securely stored for at least five (5) years or as required by law and by our payment partners. Information is processed in accordance with our Privacy Policy. We do not sell or share personal data except as required for compliance or law enforcement.

7. Employee Training

All PlayPurse staff and contractors with access to user data receive AML/KYC and data protection training appropriate to their roles. This includes how to recognize red flags, handle user verification documents, and report suspicious activity securely.

8. Cooperation with Regulators & Partners

PlayPurse cooperates fully with regulatory authorities and payment processors. We follow partner gateway requirements for KYC, sanctions screening, and fraud prevention.

9. Enforcement

Failure to comply with this Policy may result in account suspension or termination, as well as notification to relevant authorities.

10. Contact

Questions or concerns about this AML/KYC Policy should be sent to support@markets.playpurse.app.