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AML / KYC Policy

Last updated: April 27, 2026

CashoutMyGC is committed to preventing money laundering, terrorist financing, sanctions evasion, and consumer fraud. This page summarises the controls we apply to every transaction. Detailed internal policies are available to regulators and partners on request.

Customer identification (KYC)

All sellers are subject to a Customer Identification Program (CIP) appropriate to the transaction size and risk. Identity verification typically includes name, date of birth, address, and a government-issued photo ID. Larger transactions may require additional documentation (e.g. proof of address or source of funds).

Sanctions screening

Customers are screened against applicable sanctions lists — including the U.S. OFAC Specially Designated Nationals (SDN) list and other relevant national, UN, and EU sanctions lists — before any payout is released.

Transaction monitoring

We monitor activity for patterns commonly associated with money laundering or fraud (e.g. structuring, repeated reversed cards, mismatched ownership, high-velocity submissions from new accounts). Suspicious activity is escalated for review and may result in holds, additional documentation requests, account closure, or reporting to law enforcement as required by applicable law.

Record-keeping

We retain transaction and KYC records for at least five years from the date of the last transaction, in line with industry standard. See the Privacy Policy for how we handle and secure that data.

Prohibited activity

  • Selling cards that are not lawfully yours, including stolen or fraudulently obtained cards.
  • Using the platform on behalf of a sanctioned individual or entity.
  • Attempting to disguise the origin of funds or to avoid reporting thresholds.

Violations are grounds for immediate account closure and may be reported to relevant authorities.

Reporting concerns

If you encounter suspicious activity or suspect a card you submitted may have been compromised, please contact us via the contact page as soon as possible.