AML / KYC Policy
Effective: 1 July 2026 · Last updated: 12 July 2026 · Governing law: England & Wales
DropMarket Ltd · Company No. 17309867 · support@dropmarket.gg
Licensed payment providers
CoinGate (UAB “Decentralized”) holds a MiCA CASP authorisation and a payment-institution licence and performs regulated AML/CTF and sanctions functions on the payment leg; Tazapay (planned) is a licensed payment institution.
DropMarket’s supporting, risk-based programme
Seller identity verification (KYC via provider), sanctions/PEP screening, transaction monitoring, and an escalation posture (report suspicions internally to the nominated officer/MLRO and, where required, to the National Crime Agency). Sanctioned persons are prohibited from using the Platform.
Position on DropMarket’s own status
DropMarket collects Buyers’ payments solely as each Seller’s disclosed commercial agent under the agency exclusion in the Payment Services Regulations 2017 and is not itself an authorised payment institution. Card and crypto payments are processed by the licensed providers above, and crypto is converted to fiat by the processor before settlement, so DropMarket does not carry on a regulated cryptoasset payment activity. DropMarket handles no cash, so it does not meet the “high value dealer” trigger in MLR 2017 reg. 14(1)(a) (HMRC confirms card and bank-transfer payments are not relevant HVD payments).