KYC & AML

Know Your Customer Identification (KYC) and Anti-Money Laundering (AML) 

The Company takes all necessary measures to combat money laundering and international terrorism within the framework of its AML Policy. It takes a tough stance on prevention of illegal activities and compliance with all relevant legislation. In case of suspicion that the funds deposited by you to your account may be related to money laundering or terrorism financing, the Company is obliged to notify the relevant state authorities. It also has the right to block such user funds and take other measures in accordance with the rules of its AML Policy.

Money laundering includes:

  • Concealing or keeping confidential information about the real origin, source, location, movement, ownership or other rights to illegally obtained property or to property obtained in lieu of such property.
  • The conversion, movement, receipt, possession or use of property derived from criminal activity to conceal its illicit origin or to assist criminals in avoiding legal liability, if the property was derived from crimes committed in another country.
  • To combat the infiltration of criminal capital into the economy and the spread of crime, many nations are actively combating money laundering and terrorist financing. Our company implements internal regulations and special programs to support government and international organizations in this important fight.

By creating an account on our website, you are making the following commitments:

  • You agree to comply with all applicable anti-money laundering and counter-terrorist financing laws and regulations, including but not limited to the AML Policy.
  • You confirm that you have no knowledge or suspicion that the funds used to fund your account, past, present or future, are derived from illegal sources or are related to money laundering or any other prohibited activity.
  • You also agree to promptly provide us with any information we deem necessary to comply with applicable anti-money laundering laws and regulations.
  • The company collects and stores documents that prove your identity and keeps a record of all transactions made on your account. It keeps a close watch on suspicious transactions as well as on transactions carried out under special conditions.
  • The Company reserves the right to refuse a transaction at any time if it suspects that the transaction may be related to money laundering or other criminal activity. In accordance with international law, the Company is not obliged to notify you that your activity has given rise to suspicion and that information about it has been passed to the relevant authorities.
  • As part of AML’s internal AML Policy, the Company conducts initial and regular checks on the identity of users based on an assessment of the potential risk associated with each customer.
  • The Company will request a minimum set of data from you to verify your identity.
  • It will also record and retain information about what methods were used to verify your identity and the results of those verifications.
  • The Company will check your data against a list of terrorist suspects compiled by authorized governmental and independent organizations. The minimum identification data that will be required include:
  1. User’s full name;
  2. Date of birth (for individuals);
  3. Address of residence or registration;
  4. The source of funds to be deposited into the Company’s account.
  • To verify and confirm these data, the Company may request the following documents: passport, identification card or other similar document, which must comply with the following requirements:
  1. Contain the full name of the user, date of birth and a photograph of the owner;
  2. Be issued by state authorities.