AML & KYC policy
The anti-money laundering policy (hereinafter referred to as “AML / KYC Policy”) is intended to prevent and mitigate possible risks to the Company to be involved in any illegal activity.
In accordance with international and local regulations, the Company implements effective internal procedures and mechanisms to prevent money laundering, terrorist financing, trafficking in drugs and people, the proliferation of weapons of mass destruction, corruption and bribery, and the response to any form of suspicious activity from its Users .
AML / KYC policy includes the Verification procedure, Transaction Monitoring, and Risk Assessment.
One of the international standards for preventing illegal activities is Customer Due Diligence (“CDD”). To this end, the Company is implementing verification procedures in strict standards to counter the legalization of proceeds from criminal means.
The Company's identification procedure requires the User to provide the Company with reliable, independent source documents, data or information (for example, national ID card, international passport, bank statement). For such purposes, the Company reserves the right to collect User identification information for the purposes of compliance with the AML / KYC Policy.
The company will take steps to confirm the authenticity of documents and information provided by Users. All legal methods for double verification of identification information will be used, and the Company reserves the right to investigate cases of certain Users whose identities have been identified as dangerous or suspicious.
The Company reserves the right to verify the User’s identity on an ongoing basis, especially when his identification information was changed or his activity seemed suspicious (unusual for a specific User). In addition, the Company reserves the right to request relevant documents from Users, even if they have been authenticated in the past.
After confirming the user's identity, the Company may waive potential legal liability in a situation when the company's services are used for conducting illegal activities.
Users who intend to use payment cards for the purpose of consuming services must pass a card check in accordance with the instructions available on the Company's website.
The company ensures the effective implementation and enforcement of AML / KYC policies for countering money laundering, including money laundering and the financing of terrorism, including but not limited to the following methods:
- Collection of user identification information.
- Create and update internal policies and procedures for completing, reviewing, submitting, and storing all reports and records required in accordance with applicable laws and regulations.
- Monitor transactions and investigate any significant deviations from normal activities.
- Regularly updated risk assessment.
- Providing law enforcement with the information required by applicable laws and regulations.
With regard to the AML / KYC policy, the Company will monitor all transactions and reserves the right to:
- request from the User any additional information and documents in the event that they carry out suspicious transactions;
- suspend or terminate a user account, if the Company has a reasonable suspicion that such a user is involved in illegal activities.
The above list is not exhaustive, and the Company will daily monitor user transactions to determine whether they should be regarded as suspicious, or should be treated as bona fide.
The company in accordance with international requirements applies the practice of risk assessment to combat money laundering and the financing of terrorism. By applying the risk assessment practice to combat money laundering, the Company ensures that measures to prevent or reduce money laundering and terrorist financing are commensurate with the risks identified.