Anti-Money Laundering/Combating the Financing of Terrorism

The term “money laundering” refers to a number of distinct practices used to conceal the source of monies acquired illegally. These include, but are not restricted to, the following activities:

• Hiding or refusing to disclose the real source, location, ownership, transfer, or other property rights related to assets acquired illegally. This intentional attempt to hide the assets’ illegal source compromises openness and encourages more abuse;
• Converting, transferring, purchasing, holding, or using property that was acquired illegally with the goal of concealing its illicit source. Further feeding the cycle of crime, these acts may also be taken to help those engaged in illegal activity avoid the legal repercussions of their deeds;
• Circumstances in which assets were obtained through illegal activity carried out in a state under another’s jurisdiction. This includes illicit cross-border actions, underscoring the worldwide scope of the problem of money laundering.

Many nations aggressively fight money laundering and terrorism funding to protect governments’ financial integrity and stop illegal cash from entering their economy. By preventing illicit funds from entering the market, these initiatives seek to safeguard respectable financial systems. Our company supports international organizations in their fight against money laundering and terrorism funding globally by implementing strong internal laws, regulations, and specialized measures in line with these global initiatives.

• You commit to certain tasks that support these endeavors when you decide to create an account on our site. By agreeing to our terms, you recognize and pledge to abide by all relevant laws and rules, including those included in our Anti-Money Laundering (AML) Policy, that are designed to prevent money laundering and the funding of terrorism;
• You further attest that, to the best of your knowledge, none of the money you have placed, are depositing now, or intend to deposit in the future came from an illicit source. Additionally, you affirm that these funds are not connected to the legalization of revenue earned illegally or any other activity that is forbidden by relevant laws or international organization guidelines. A key component of your responsibility to maintain the integrity of our platform is this declaration;
• Furthermore, you consent to give us any information we might reasonably need to make sure that all applicable laws and regulatory requirements for the prevention of unlawful money legalization are met. This involves supplying documents, responding to inquiries, and submitting to verification procedures as needed, among other things.

Your passport or other formal identity papers may be collected and kept on file by the company. To provide a high degree of accountability and openness, we also keep thorough records of all account modifications.
The Company examines transactions conducted under odd or particular circumstances and keeps an eye on all user accounts for suspicious activity in order to further bolster our security measures. The company maintains the right, without warning, to limit or ban a user’s account if we find conduct that raises concerns. A vital component of our dedication to stopping illegal activity and money laundering is this step.

The Company is not required under international law to notify users of inquiries or reports pertaining to their questionable behavior. Without the user’s awareness, information regarding such acts may be disclosed to the appropriate authorities if it is judged essential. Our activities will successfully complement international efforts to combat financial crimes thanks to this strategy.
As part of its internal Anti-Money Laundering (AML) policies, the Company implements both initial and ongoing procedures to verify the identities of its users. The extent and frequency of these checks are determined by the level of risk associated with each individual user. These measures are essential for maintaining compliance with regulatory requirements and ensuring the integrity of the platform:

• To confirm your identity, the Company requires you to provide specific, essential details. These are the minimum pieces of information needed to verify your identity and ensure that you are a legitimate user;
• The Company maintains a detailed record of all data provided during the verification process. This includes not only the documents submitted but also the methods used to verify your identity and the results of those procedures. These records are securely stored and may be referred to as part of ongoing compliance efforts;
• As a part of its commitment to international security, the Company screens the personal information you provide against databases of individuals suspected of involvement in terrorism. These lists are compiled and maintained by authorized governmental bodies and independent regulatory agencies.

The basic identification data you are required to provide includes:

• Your complete legal name, as it appears on official documents;
• Your date of birth, which helps establish your unique identity;
• Your current residential address or, if applicable, your registered business address;
• Information about the origin of the funds you plan to deposit into your account, ensuring that all transactions are legitimate.

To confirm the accuracy of this information, the Company may ask for specific documentation, such as:

• A valid government-issued ID, which could include a passport, an identity card, or an equivalent document. This must display your name, date of birth, and a photograph clearly;
• A utility bill or other official document that confirms your residential address. This document must be recent, typically not older than three months.

In certain circumstances, additional information or documentation may be required to complete the verification process. The Company may also request notarized copies of your documents to verify their authenticity and ensure compliance with legal standards.
Through these comprehensive procedures, the Company reinforces its commitment to global efforts against money laundering and criminal activities, providing a secure and trustworthy environment for all its users.