Política contra el lavado de dinero
The Website of IS6 is owned and operated by IS6 Technologies Ltd (hereinafter referred to as the “Company”) is incorporated under the laws of St. Vincent and the Grenadines with Registration 26536 BC 2021.
The company always promotes a high level of business and personal conduct. For this purpose, the company establishes an appropriate anti-money laundering(hereinafter referred to as the “AML”) process to detect the risk of failure to comply with the company's obligations and put in place appropriate measures and procedures designed to minimize such risk in accordance with the applicable international AML prevention.
Preventing money laundering is a major responsibility and goal of regulatory authorities around the world. Money laundering moves money from criminal activity and makes it possible to use it for terrorist activity.
Money Laundering: Money laundering is the conversion or transfer of property;the concealment or disguising of the nature of the proceeds; the acquisition, possession or use of property, knowing that these are derived from criminal activity; or participating in or assisting the movement of funds to make the proceeds appear legitimate.
- AML seeks to deter criminals by making it harder for them to hide ill-gotten money.
- Criminals use money laundering to conceal their crimes and the money derived from them.
- AML regulations require financial institutions to monitor customers’ transactions and report on suspicious financial activity.
- Large cash transactions
- Large number of transactions, which could indicate layering of transactions (splitting up of deposits to fall below reporting thresholds)
- Spikes in activity or amounts
- Transactions connected with cash-heavy businesses, such as gambling
- Transactions connected with jurisdictions that have a history of money laundering
- Transactions connected with individuals or businesses that are potential money launderers
AML Transaction Monitoring and Screening
Transaction Monitoring is one of the AML and anti-fraud security processes. Transaction Monitoring detects suspicious transactions, examines these transactions, generates reports on these transactions, and determine the risk level of customer transactions that carry out the transactions.
Financial institutions mediate many financial transactions throughout the day. One of the AML obligations of financial institutions is to control the receiver and the sender in money transfer transactions. To detect whether there are any suspicious transactions, sanctions, politically exposed Person (PEP), and adverse media scans are made to buyers and sender.
Know Your Customer (hereinafter referred to as the “KYC”)
The objective of KYC guidelines is to prevent businesses from being used by criminal elements for money laundering. Related procedures also enable businesses to better understand their customers and their financial dealings.
The company is obligated to verify the identity of each individual who has registered in the company's system and opened an account. Therefore, as part of the Company's obligation to prevent applicable money laundering and comply with the relevant laws, the Company asks customers to provide certain verification documents (typically including but not limited to identification cards or passport proof of residence, such as recent utility bills and proof of payment method from customer). In addition, the company monitors the composition of the customer's economic profile to ensure that sufficient understanding of the customer's business activities and funding sources are obtained, the customer's investment objectives are understood, and relevant trading knowledge and experience are recognized. However, it is important that the company's customers adhere to the company's principles and standards. Above all, the following principles are considered part of the customer identification process.
- Collection of information
- Ask the user to upload Evidence
- Verification of information
The Company maintains a record of transactions for at least 5 years after the end of the contractual relationship with the customer and trains its employees to recognize suspicious transactions to fulfill all reporting obligations.
The Company has the right to refuse to process the transfer of funds at any stage, if it is determined that it is in any way related to criminal activity or money laundering and is obligated to report all suspicious transactions and comply where it is forbidden to inform the customer of the transaction. This will be Reported as suspicious account activity. Account misuse can lead to criminal charges.
For any further queries and clarifications in relation to the Company’s AML policy and procedures please address to firstname.lastname@example.org