AML Policy



The Company's Anti-Money Laundering policy is designed to prevent the risk of potential criminals using the Company's services. The management of the Company understands the reputational, legal, and regulatory risks that the company will incur as a result of using it for criminal purposes and the inadmissibility of assisting in to use of the proceeds of crime, participating in a money laundering scheme, facilitating the financing of terrorism, and evade or violate economic sanctions.

  • Know Your Customer (KYC) Program
KYC helps to establish the identity of a person. AML Officer must be provided with:
proof of identity (Passport / Driving License) and
proof of address (Passport / Electricity Bill / Bank Account Statement / Letter from any recognized public authority / Utility bill / Letter from employer), as well as any other documents if necessary.

  • Suspicious Activity Monitoring and Reporting
The list of suspicious activities includes the following:
  • The client provides unusual or suspicious identification documents that cannot be verified;
  • The client refuses to provide the requested information;
  • The client shows concerns about the secrecy of their background;
  • The client is unable to provide valid contact information;
  • The client opens multiple accounts under a single name or uses multiple names for the same person to open accounts;
  • Client or a person associated with Client has a questionable background (including prior criminal convictions) or is the subject of news reports indicating possible criminal, civil or regulatory violations.

  • Record keeping
  • Independent Testing/Audit
  • Compliance with the local laws and regulations

The list of sanctioned countries:
Afghanistan, American Samoa, Angola, Bahamas, Botswana, Belarus, Burundi, Cambodia, Central African Republic, Chad, Congo, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, Ghana, Guam, Guinea Bissau, Iran, Iraq, North Korea, Lebanon, Libya, Mali, Nigeria, Pakistan, Panama, Puerto Rico, Russia, Samoa, Saudi Arabia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Venezuela, Yemen, Zimbabwe, some states of USA.
The sanctions list is constantly monitored and updated for a more effective AML/KYC policy.

The AML officer is responsible for the implementation of the money laundering and terrorist financing prevention policy. All our employees are informed of the specific anti-money laundering policy procedures.
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