AML of PlutoChain
AML Anti-Money-Laundering policy of PlutoChain
Anti-Money Laundering (AML) Policy
PlutoChain is committed to maintaining the highest standards of anti-money laundering (AML) compliance to prevent the use of its services for money laundering purposes.
Objective of the AML Policy
The objective of this AML Policy is to establish a framework for PlutoChain to detect, prevent, and report money laundering activities. We aim to provide a secure and transparent environment for all users and customers.
Definition of Money Laundering
Money laundering is defined as the process of concealing the origin, nature, or destination of illicitly obtained funds to make them appear legitimate.
Regulatory Compliance
PlutoChain's AML program is designed to be compliant with:
EU: "Directive 2015/849 of the European Parliament and of The Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering"
EU: "Regulation 2015/847 on information accompanying transfers of funds"
Other applicable EU regulations and laws
AML Measures
To prevent money laundering, PlutoChain implements the following measures:
Customer Due Diligence (CDD): We conduct thorough CDD checks on all customers to verify their identity, nationality, and origin.
Ongoing Monitoring: We continuously monitor customer transactions to detect and report suspicious activity.
Reporting: We report suspicious transactions to the relevant authorities.
Record-Keeping: We maintain accurate and up-to-date records of all customer transactions and identification documents.
Employee Training and Compliance
All PlutoChain employees are trained to comply with this AML Policy and to recognize and report suspicious activity.
Record keeping:
Records of data obtained for the purpose of identification must be kept for at least ten years after the business relationship has ended.
Records of all transaction data must be kept for at least ten years following the carrying-out of the transactions or the end of the business relationship.
These data will be safely, encrypted stored offline and online.
Updates and Revisions
This AML Policy is subject to updates and revisions to ensure compliance with changing regulations and laws.
By using PlutoChain's services, users and customers acknowledge that they have read, understood, and comply with this AML Policy.
Data Security:
All data given by any user/customer will be kept secure, will not be sold or given to anyone else. Only if forced by law, or to prevent money laundering data may be shared with the AML-authority of the affected state.
Contact Information
If you have any questions or concerns regarding this AML Policy, please contact us at info@plutochain.io.
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