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Crypto Conversion Transaction — Compliance Checklist

M1 → JSON(hex) → .fin → Crypto (USDT/BTC/ETH) — End‑to‑End Controls

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How to use

Tick each item when complete, pick a status on the right, and add notes. Progress is saved to your browser localStorage.

Critical controls: Legal entity & signatories, multi‑currency bank accounts, Swift.net access, bank whitelist of receiving server, POF authenticity, .fin signature validation, regulated liquidity providers, secure smart contract & address controls, AML/KYC & regulatory compliance.

1) Entity & Identity

Legal entity validity (registry, charter, Good Standing)Not startedIn progressDone

Authorized signatories verified; in‑person/video meeting held

CIS (Company Identity Statement) received and validated

UBO identified; sanctions/PEP screening completed

Business purpose and fund nature (M1) aligned

Operational address/contact validated (lease/bills, etc.)

2) Banking & Swift.net

Multi‑currency accounts at a reputable international bankNot startedIn progressDone

Operating history & Swift.net registration

Swift.net access granted and linked to accounts

Bank officer verified (corp email/direct line); callback done

Receiving server whitelisted in bank network

Account ↔ server link configured and tested

Emergency halt procedure documented (bank/server)

3) Funds & POF

Original POF per deal (bank‑issued with seal/signature)Not startedIn progressDone

Direct callback with issuing bank (e.g., UBS Geneva)

POF amount/currency/account consistency check

Legitimacy of source (on‑ledger M1) documented

No third‑party liens/claims confirmed

4) Server & Security

Receiving server location/ownership/access controls clear

TLS, HSM/key mgmt, multisig, etc. in place

Vulnerability scans, monitoring, audit logs enabled

Time sync (NTP) & log retention policy set

Data protection (encryption/access rights) compliant

5) Conversion & Files (.fin)

M1→JSON(hex)→.fin modules installed & function‑testedNot startedIn progressDone

Swift.net digital signature validation procedure

.fin integrity (hash/checksum) recorded

Sandbox / small‑value test transfer successful

Audit trail for convert/sign/transfer preserved

6) Liquidity Providers (Exchanges / LPs)

Accounts opened and authorized signers approvedNot startedIn progressDone

Regulatory status/license/VASP registration confirmed

Address allowlist and corporate wallets enforced

Custody/settlement SOP and daily reconciliation

Fees, slippage, FX, gas limits configured

Counterparty AML/KYC policies received & reviewed

7) Smart Contract & Address Controls

Contract code reviewed/audited (or 3rd‑party report)Not startedIn progressDone

Deploy chain/version/ChainID documented

Payout address list (allowlist) dual‑approved

Emergency controls (pause/guardian) validated

Testnet/small dry‑run before production

8) Regulatory, Tax & Accounting

FATF Travel Rule / reporting obligations metNot startedIn progressDone

KYC/KYB & sanctions (SDN/UN/EU) screening done

Cross‑border transfer/permits/licenses satisfied

Accounting (IFRS/GAAP) and audit evidence ready

Tax exposure (VAT/withholding/crypto tax) assessed

Record retention pack (contracts/POF/signatures/logs/TxIDs)

9) Post‑Trade Ops & Reconciliation

Daily reconciliation: bank, server, exchange, on‑chainNot startedIn progressDone

Bundle receipts/TxIDs/bank confirms for archive

Escalation matrix & contact tree tested

Periodic risk reviews and management reporting

10) Red Flags

Upfront “fees” or guaranteed abnormal returnsNot startedReviewingObserved

Avoids bank officer; only free email/messengers

Unverifiable endorsements by top authorities

Refuses in‑person/video meetings or originals

Server location/ownership/access unclear

Smart contract source/address not disclosed

No proof of Swift.net access or signatures

Only POF scans; refuses bank callback

Demands excessive secrecy citing non‑visibility

Avoids regulatory/tax/accounting review

* Based on the provided process and common compliance practice. Obtain independent legal, regulatory, and tax advice before any transaction.

The above content represents the general items that must be checked during a transaction. Please request advanced information for higher-level assurance.

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📌 General / Compliance
#Compliance #DueDiligence #AML #KYC #RegTech #FinancialCompliance #RiskManagement #AuditTrail #ProofOfFunds #POF
📌 Banking & Swift
#SwiftNet #BankingIntegration #CrossBorderPayments #FinancialInstitutions #LiquidityProviders #Settlement
📌 Crypto & Tech
#CryptoConversion #Stablecoin #USDT #BTC #ETH #CryptoLiquidity #SmartContracts #BlockchainSecurity #DigitalAssets #OnLedger
📌 Strategic / Advanced
#FinancialEngineering #CryptoCompliance #DigitalTransformation #RegulatoryTech #CryptoGovernance #TransactionSecurity #ResilientFinance