Customer Identification (KYC) and Anti-Money Laundering (AML)
The Company implements all appropriate measures to combat money laundering and international terrorism (AML Policy). At the same time, the Company adheres to a strong and principled stance on the prevention of all types of illegal activity, as well as all related regulations. To fulfill these obligations, the Company is obliged to inform the relevant official authorities if there is reason to suspect that funds deposited by you are related to money laundering or terrorist financing. The Company will also be obliged to block such User funds and take other measures stipulated by the AML Policy.
Money laundering means:
Concealing or maintaining confidentiality with respect to information about the true origin, source, location, placement, movements, ownership or other rights to property obtained through illegal activity (or property obtained in exchange for such property),
converting, moving, receiving, possessing or using property obtained through criminal activity (or property obtained in exchange for such property) in order to conceal the illegal origin of such property or assisting persons participating in criminal activity in avoiding the legal consequences of their actions, a situation in which the property was obtained as a result of criminal activity committed on the territory of another state.
In order to prevent the penetration of criminal capital into the state economy and counter the spread of crime, many countries are constantly fighting money laundering and the financing of terrorism. The Company applies internal rules and special programs of measures to assist government and international organizations in the fight against money laundering and terrorist financing worldwide.
By creating an account on our Website, you undertake the following obligations:
You guarantee that you will comply with all applicable laws and regulations on combating money laundering and terrorist financing, including, but not limited to, the AML Policy.
You confirm that you have no information or suspicion that the funds used to replenish the account in the past, present or future were obtained from an illegal source or are in any way related to the laundering of illegally obtained proceeds or to other illegal activities prohibited by applicable law or the instructions of any international organizations;
You also agree to promptly provide us with any information we deem necessary to request in order for us to comply with applicable anti-money laundering laws and regulations.
The Company collects and stores documents proving your identity, as well as reports on all transactions made on the account; The Company monitors suspicious transactions on the User’s account, as well as transactions carried out under special conditions;
The Company reserves the right, at any time and at any stage, to refuse the User a transaction if the Company has reason to believe that this transaction is in any way related to money laundering or criminal activity. In accordance with international law, the Company is not obliged to notify the User that their activity is suspicious and information about it has been transferred to the relevant government authorities.
In accordance with the Company’s internal AML Policy, the Company conducts initial and ongoing identity checks of its Users based on the level of potential risk associated with each User.
The Company will require you to provide minimal information to verify your identity.
The Company will record and store the information and documents verifying your identity, as well as information about the methods used to verify your identity and the results of the checks.
The Company will check your personal data for matches against the list of persons suspected of terrorism, compiled by authorized government and independent bodies. The minimum set of identification data includes:
To verify and confirm the authenticity of the above data, the Company may require the following documents from the User: a passport or identification card, or another document replacing them, which meets the following requirements:
