Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy
Last updated: April 2026
1. Purpose
This AML/KYC Policy describes the program AWASHDIRECT LLC, operating as Faith Express ("Faith Express", "we", "us") maintains to detect, prevent, and report money laundering, terrorist financing, and other illicit financial activity in connection with our custodial wallet and digital asset transfer services. We operate in accordance with applicable U.S. financial regulations, including AML and KYC requirements.
2. Regulatory framework
Faith Express is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), registration number 31000289655746, and is licensed by the Washington State Department of Financial Institutions as a money transmitter, license number 550-MT-138550. Our compliance program is designed to address the requirements of the Bank Secrecy Act (BSA), implementing FinCEN regulations, U.S. Treasury Office of Foreign Assets Control (OFAC) sanctions programs, and applicable state law.
3. Customer Identification Program (CIP)
Before opening an account, we collect and verify customer-identifying information, including name, date of birth, residential address, country of residence, and a government-issued identification number, in addition to other information required to comply with applicable law. Verification may include identity-document checks, address verification, and electronic verification with third-party data providers.
4. Customer Due Diligence (CDD)
We perform risk-based due diligence on customers, including understanding the nature and purpose of customer relationships and developing a customer risk profile. Enhanced due diligence is applied to higher-risk customers and activities.
5. Sanctions screening
We screen customer information and transaction counterparties against U.S. and international sanctions lists, including OFAC's Specially Designated Nationals and Blocked Persons (SDN) list, on an ongoing basis. We do not knowingly provide services to sanctioned persons or to customers in sanctioned jurisdictions.
6. Transaction monitoring
We use a combination of automated and manual monitoring of account and on-chain activity to identify potentially unusual or suspicious transactions, including transactions that may involve high-risk wallets, mixers, sanctioned addresses, or unusual patterns of activity.
7. Suspicious activity reporting
Where activity is determined to be suspicious within the meaning of applicable regulations, we file Suspicious Activity Reports (SARs) with FinCEN, in accordance with the Bank Secrecy Act and its implementing rules. We do not disclose the existence or contents of any SAR to any party other than as permitted by law.
8. Recordkeeping
We retain records of customer-identifying information, qualifying transactions, and other records as required under the BSA and applicable state law, for at least the periods required by law.
9. Travel Rule
For qualifying transmittals of funds, we collect, retain, and where required transmit originator and beneficiary information in accordance with the Bank Secrecy Act's Recordkeeping and Travel Rules and applicable FinCEN guidance.
10. Training
Employees receive AML training upon hiring and on an ongoing basis. Training is tailored to the employee's role and to the specific risks of the Services.
11. Independent review
Our AML program is subject to periodic independent review by qualified parties to assess the effectiveness of our policies, procedures, and controls.
12. Designated AML officer
Faith Express has designated an AML compliance officer who is responsible for the day-to-day operation of the AML program and for reporting to senior management.
13. Customer cooperation
Customers are required to provide accurate information at registration, to update it as it changes, and to respond promptly to compliance requests. Failure to do so may result in restriction or closure of the account.
14. Verification
Regulatory information can be independently verified through official regulatory databases:
15. Contact
Compliance inquiries can be sent to admin@faithexpressllc.com or to AWASHDIRECT LLC, 808 Fir Street #402, Seattle, WA 98104, United States.