AML, KYC & Sanctions Policy

1. Risk-based approach

Every order is scored for risk using order value, payment method, account age, device and behavioural signals. Low-risk orders complete without friction; higher-risk orders trigger additional checks before delivery.

2. Customer due diligence

• Email and phone verification at registration.
• Government-issued photo ID and proof of address for cumulative purchases above £1,500, or earlier where risk indicators appear.
• Source-of-funds questions where a payment pattern is unusual.
• Enhanced due diligence for politically exposed persons and high-risk jurisdictions.

3. Sanctions screening

Customers and sellers are screened against the UK Sanctions List (OFSI), and relevant EU and US lists. A confirmed match results in an immediate block and, where required, a report to OFSI. We do not trade with sanctioned persons or restricted territories.

4. Prohibited activity

• Buying items with stolen cards or hijacked accounts.
• Structuring purchases to avoid verification thresholds.
• Using the platform to convert criminal proceeds into tradeable digital items.
• Cashing out third-party inventories on behalf of unknown parties.

5. Reporting and record keeping

Our nominated officer reviews internal alerts and files Suspicious Activity Reports with the National Crime Agency where appropriate. We must not tip off a customer about a report. Due diligence records are kept for five years after the relationship ends and then deleted.

6. Consequences

Where checks cannot be completed we suspend the order and refund the original payment method, unless doing so is prohibited by law. Persistent or serious breaches lead to permanent account closure.

7. Contact

Compliance queries: legal@geardropmania.co.uk.