Crackdown On Web3 Privacy: Why We’re Not Worried.

As many of you may have heard, the operators of Samourai Wallet have been charged with serious crimes involving unlicensed money transmitting and money laundering through their cryptocurrency mixing services.

At Houdini Swap, we believe that if crypto is to become a global digital payments system, privacy needs to exist.

Privacy is security.

However, any privacy-preserving tech should accept responsibility to deter criminal activity. Houdini Swap is not and never will be a platform for criminals.

We understand that with great power comes great responsibility.

Our Commitment to Security and Compliance

We want to take this moment to reaffirm our commitment to security and compliance with all applicable laws and regulations.

Our platform was built on the principles of integrity and transparency, and we work tirelessly to ensure that these principles are never compromised.

Houdini Swap makes enormous efforts to ensure no criminals can use its platform. Our compliance policy goes into great detail.

Some of Our Measures

◘ Selective Exchange Partnerships

Partner exchanges are chosen through a meticulous curation process, focusing on non-custodial entities that maintain industry-compliant processes. Key features include:

• Real-Time AML Screening: Each transaction undergoes comprehensive, risk-based anti-money laundering (AML) screening in real-time.
• Ongoing Compliance Vetting: We routinely assess our exchange partners to ensure continuous compliance with required AML policies and procedures.

◘ AML / ATF Compliance

Houdini Swap rigorously adheres to Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) standards through robust collaboration with exchange partners, ensuring compliance with regulatory requirements.

• Operational Standards: Our partners are responsible for AML/ATF liabilities, following industry-standard procedures including real-time risk scanning and blocking transactions from sanctioned entities.
• Two-Factor Confirmation: Every transaction that goes through Houdini Swap requires two confirmations to proceed. The first is at the blockchain level, and the second is an automated on-chain AML screening tool (Chainalysis, Elliptic, AMLbot).
• We implement geo-blocking for OFAC-sanctioned countries and deny access via TOR networks.

Legal and Regulatory Adherence

Our platform is strictly intended for lawful use, aligning with all necessary legal requirements. We ensure that our operational procedures are not only innovative but also rigorously adhere to leading industry standards, reflecting our dedication to operating within the legal framework.

We’re building with legal longevity in mind, we’re here to stay.

A Platform You Can Trust

Trust is the cornerstone of our user experience and at Houdini Swap, we strive to maintain the highest levels of trust and safety.

We use state-of-the-art security measures to protect our users. Our approach is proactive, ensuring that we stay ahead of potential risks and threats.

Looking Forward

The path of innovation is filled with challenges.

While we empathize with the courage it takes to build new technologies, we do not condone actions that might harm the broader community or evade the law.

We believe in building a sustainable ecosystem where innovation thrives within the bounds of the law.

We thank you, our community, for your continued trust and support.

Let’s continue to work together to build a safe, secure, and compliant platform that not only respects the law but also sets a standard for ethical behavior in the blockchain space.

Stay Safe,

The HoudiniSwap Team