1. Purpose
The company is committed to preventing money laundering and terrorist financing in accordance with applicable local and international laws and regulations. We implement active measures to ensure that our platform is not used for illegal activities such as money laundering or terrorist financing.
2. Know Your Customer (KYC)
All users are required to provide complete identification details for identity verification. This process includes the submission of official documents such as a national ID, passport, or driver’s license to confirm the user’s identity.
3. Customer Due Diligence (CDD)
We conduct thorough due diligence on all users during the onboarding process. In case of suspicious activity or inconsistent information, the company reserves the right to request additional documentation or perform further verification procedures.
4. Monitoring and Reporting
All transactions on the platform are continuously monitored for suspicious activities. If any suspicious transaction is detected, the company will immediately report it to the relevant authorities as per the legal obligations.
5. Record Keeping
The company maintains records of all transactions and user identification documents for a minimum period of [insert period, typically 5 years] as required by local laws. These records will be made available to regulatory authorities upon request.
6. Training
All employees involved in financial transactions and compliance are regularly trained to recognize and report suspicious activity in accordance with the company’s AML policies and procedures.
7. Risk Assessment
The company conducts periodic risk assessments to evaluate potential money laundering risks and update policies and procedures accordingly. We ensure that high-risk users or transactions are flagged and reviewed carefully.
8. Compliance with Laws and Regulations
The company adheres to all applicable anti-money laundering regulations, including local and international guidelines, and updates its policies as necessary to stay in compliance with changing laws.
9. Cooperation with Authorities
The company cooperates fully with regulatory bodies and law enforcement agencies in investigations related to money laundering and terrorist financing. We will provide any necessary information requested by the authorities to assist in investigations.
