Pixpel FZ-LLC / AML Policy
1. Scope
Pixpel Launchpad is operated by Pixpel FZ-LLC, a Free Zone Limited Liability Company incorporated in Ras Al Khaimah, United Arab Emirates (trade license no. 47013369). Pixpel applies Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures in line with international standards.
2. Triggers
KYC/AML checks are required in the following cases:
- When a Developer creates a Rocket (mandatory KYB/KYC).
- When a Player contributes above 1,000 USDT equivalent in a single transaction.
- When a Player's cumulative contributions exceed 5,000 USDT equivalent in a rolling 12-month period.
- Enhanced due diligence may be requested when contributions exceed 10,000 USDT equivalent.
- When flagged activity is detected (e.g., high-risk jurisdictions, suspicious behavior).
3. KYC Verification
KYC verification applies exclusively to Developers acting as token issuers on the Launchpad. Traders or contributors participating in Rockets are not subject to KYC requirements unless required by applicable law.
4. Process
Verification is performed either (i) within the checkout or API flow of regulated payment partners used for card based on ramp transactions, or (ii) by Pixpel through manual review where additional checks are required. Pixpel stores only reference IDs and outcome codes where applicable and does not store raw identity documents.
5. Sanctions Screening
All users are screened against international sanctions lists (OFAC, EU, UN, HMT).
6. Jurisdictional Restrictions
Residents and citizens of sanctioned jurisdictions under UN, EU, OFAC, and UK HMT regimes cannot use Pixpel Launchpad. Additional jurisdiction based restrictions may apply to specific payment flows depending on our regulated payment partners’ coverage and compliance requirements.
7. Data Retention
KYC/AML records are retained for 5 years, then securely deleted.
8. Compliance Responsibility
Pixpel FZ-LLC ensures compliance with UAE law and applicable international AML standards, and coordinates with third-party providers for verification processes.