Last updated: May 29 2025
1. Introduction
STONECHAT LLC ("we", "our", "us"), the operator of swapcherry.com, is committed to preventing money laundering and terrorist financing. While we do not directly handle cryptocurrency transactions or perform KYC procedures, we maintain this AML Policy to clarify our position and responsibilities.
2. Our Role
swapcherry.com serves as an interface to StealthEX's cryptocurrency exchange services. We do not:
- Custody or control user funds
- Process cryptocurrency transactions
- Perform Know Your Customer (KYC) procedures
- Collect personal identification documents
All exchange services, including any compliance procedures, are handled directly by StealthEX according to their own AML/KYC policies.
3. User Responsibilities
By using our Website, you acknowledge and agree that:
- You are solely responsible for complying with all applicable laws and regulations in your jurisdiction
- You will not use our Website for money laundering, terrorist financing, or any other illegal activities
- You will not attempt to circumvent any laws or regulations through the use of our services
- You understand that "No KYC" does not mean "No Legal Obligations" - you must still comply with your local laws
4. Prohibited Activities
The following activities are strictly prohibited:
- Money laundering or terrorist financing
- Fraud or any other financial crimes
- Evasion of taxes or regulatory requirements
- Trading of funds derived from illegal activities
- Circumventing sanctions or embargoes
5. Restricted Jurisdictions
Our services are not available to residents or nationals of:
- United States of America
- United Kingdom
- Japan
- Countries under UN, US, EU, or UK sanctions including but not limited to:
- North Korea
- Iran
- Syria
- Sudan
- Cuba
- Crimea region
- Any jurisdiction where cryptocurrency services are prohibited
6. Suspicious Activity
While we do not monitor transactions (as they occur through StealthEX), we reserve the right to:
- Block access to our Website from suspicious IP addresses
- Refuse service to users we reasonably believe are engaged in illegal activities
- Report suspicious activities to relevant authorities
7. Law Enforcement Cooperation
We will cooperate fully with law enforcement agencies and regulatory authorities when legally required to do so. This may include:
- Providing information about Website access logs
- Assisting in investigations within our limited capabilities
- Blocking access as directed by authorities
Note that we have limited information to provide as we do not collect personal data or process transactions.
8. No Endorsement of Illegal Activities
Our "No KYC" approach through StealthEX is intended to protect user privacy for legitimate transactions. It is NOT intended to facilitate illegal activities. We strongly condemn the use of cryptocurrencies for:
- Money laundering
- Terrorist financing
- Tax evasion
- Fraud
- Any other criminal activities
9. Risk Warning
Users should be aware that:
- Cryptocurrency regulations vary by jurisdiction and are rapidly evolving
- You are responsible for understanding and complying with your local laws
- Using privacy-focused services does not exempt you from legal obligations
- Authorities may still track blockchain transactions
10. Updates to This Policy
We may update this AML Policy as regulations evolve. Continued use of our Website after changes constitutes acceptance of the updated policy.
11. Contact Information
For questions about this AML Policy or to report suspicious activities:
Email: support@swapcherry.com
Website: swapcherry.com
Note: For immediate concerns about illegal activities, please contact your local law enforcement directly.