AML General Policy - Anti-Money Laundering

  1. Purpose:

    • These policies aim to protect the platform against money laundering activities and comply with legal regulations for preventing money laundering and terrorist financing and are in accordance to the AML system of the platform.

  2. User Identification:

    • Users must identify themselves with accurate and current personal information during registration.
    • The platform reserves the right to perform additional identity checks.

  3. Transaction Monitoring:

    • The platform monitors transactions for suspicious activities.
    • Irregular or suspicious transactions are investigated and reported when necessary.

  4. Reporting Suspicious Activity:

    • Users are obligated to report suspicious activities.
    • The platform reserves the right to forward reports to relevant authorities.

  5. Record Keeping:

    • The platform retains transaction records in accordance with applicable regulations.
    • Records are available to competent authorities when required.

  6. Employee Training:

    • Employees undergo regular training in AML procedures.
    • Awareness of detecting and reporting suspicious activities is promoted.

  7. Collaboration with Authorities:

    • The platform actively collaborates with competent authorities and implements all legally required measures.

  8. Regular Review and Update:

    • These policies are regularly reviewed and updated as needed to comply with current regulations.

  9. Sanctions:

    • Non-compliance with these policies gives the platform the right to suspend accounts or take other appropriate measures.

  10. Applicable Law:

    • These AML Policies are subject to the laws of El Salvador.