AML Policy

Anti Money Laundering (AML) Policy

Money laundering is the act of converting money or other material values gained from illegal activity (corruption, human traffic, terrorism, drug dealing, illegal arms trade and etc.) into investments or money that appear to be legitimate. Such activity is used because material values cannot be traced and due to an illegal source of money.

In order to confront the penetration of criminal money into the state economy and to prevent expansion of terrorist activity, countries carry on a struggle against money laundering and terrorism financing. Financial organizations are one of the easiest of access and convenient instruments that allow legalizing revenue from illegal activity. The increased integration of financial markets and popularity of electronic currencies markets allow penetration of criminal capital easier. Therefore applies by-law and programs of its implementation to help international organizations to struggle against money laundering and financing of terrorist activity all over the world.

  • collects documents and verifies identification data of the Client and also logs and tracks itemized statement of all transactions carried out by the Client.
  • tracks suspicious transactions of the clients and transactions executed under nonstandard conditions.
  • performs its action on the base of AML FATF recommendations.
  •  reserves the right to refuse to process a transaction at any stage, where it believes the transaction to be connected in any way to money laundering or criminal activity.
  • In accordance with international law is not obliged to inform the Client that it was reported to the corresponding parties of the Client’s suspicious activity. is committed to regularly update its electronic system for inspection of suspicious transactions and for verification of client identification records, in accordance with any new regulations as they are promulgated, as well as providing training for its employees on enhancements to anti-money laundering procedures that may be required by new regulations.