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Understanding Sling Money's compliance obligations for external stablecoin transfers
Understanding Sling Money's compliance obligations for external stablecoin transfers

Stablecoin transfers with external wallets

Updated over 2 months ago

Your Sling Wallet is self-custodial and you can export your keys at any time.

Sling Money's provision of on-ramps and off-ramps are subject to strict obligations to comply with global Anti-Money Laundering and Counter-Terrorist Financing laws and regulations including adherence to Travel Rule compliance and sanctions issued by the United States, United Kingdom, European Union, United Nations and other countries.

All external wallet stablecoin transfers are performed through Transfer Wallets which facilitate the analysis of transfers to ensure they are in compliance with Sling Money's obligations and risk appetite.

Important notes:

  • If an external wallet stablecoin transfer is performed directly to your Primary Wallet without using a provided Transfer Wallet you may lose access to Sling Money's on-ramps and off-ramps and access to the Sling Money Directory.

  • If a transfer is found to be outside of Sling Money's risk appetite for the provision of its fiat ramps Sling Money may suggest that you either send the transferred funds back or that you export the private key of the Transfer Wallet from your Sling Money app and manage it with non-Sling Wallet software.

  • If you choose to transfer funds which we've told you are outside of our risk appetite from a Transfer Wallet into your primary Sling Wallet then you may lose access to Sling Money's on-ramps, off-ramps, and Sling Money Directory.

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