Know Your Customer and Anti-Money Laundering policies
BitMinePro is committed to preventing money laundering, terrorist financing, and other financial crimes. Our Know Your Customer (KYC) and Anti-Money Laundering (AML) policies are designed to ensure compliance with applicable laws and regulations while protecting our platform and users.
2.1. Account Verification: All users must complete our verification process to access certain features and services on our platform.
2.2. Verification Levels: We implement a tiered verification system with different requirements based on transaction volumes and service access:
2.3. Required Documents: Depending on your verification level, you may need to provide:
3.1. Transaction Monitoring: We continuously monitor transactions on our platform to identify suspicious activities, unusual patterns, or transactions that deviate from expected behavior.
3.2. Risk-Based Approach: We apply enhanced due diligence measures for high-risk users, transactions, or jurisdictions.
3.3. Suspicious Activity Reporting: We report suspicious activities to relevant authorities as required by applicable laws and regulations.
3.4. Record Keeping: We maintain records of all transactions, identification documents, and relevant information for at least five years or as required by applicable laws.
4.1. Money Laundering: Using our platform to conceal the origins of illegally obtained money.
4.2. Terrorist Financing: Using our platform to fund terrorist activities or organizations.
4.3. Fraud: Engaging in fraudulent activities, including identity theft or providing false information.
4.4. Sanctions Violations: Conducting transactions with sanctioned individuals, entities, or countries.
4.5. Other Illegal Activities: Using our platform for any other illegal purposes.
5.1. Sanctions Screening: We screen users against global sanctions lists, politically exposed persons (PEPs) lists, and other watchlists.
5.2. Transaction Limits: We impose transaction limits based on verification level and risk assessment.
5.3. Account Freezing: We may freeze accounts and transactions if suspicious activities are detected or if required by law enforcement or regulatory authorities.
5.4. Ongoing Monitoring: We continuously update our compliance procedures to adapt to evolving regulatory requirements and emerging risks.
6.1. Accurate Information: Provide accurate and truthful information during the verification process.
6.2. Updates: Keep your account information up to date and notify us of any changes to your personal information.
6.3. Compliance: Comply with our requests for additional information or documentation as part of our ongoing due diligence.
6.4. Reporting: Report any suspicious activities or security concerns related to your account.
7.1. Data Security: We implement appropriate technical and organizational measures to protect your personal information.
7.2. Information Sharing: We may share your information with regulatory authorities, law enforcement agencies, or other financial institutions as required by law or to prevent financial crimes.
7.3. Data Retention: We retain your personal information in accordance with our Privacy Policy and applicable laws.
8.1. Account Suspension: Failure to comply with our KYC/AML requirements may result in account suspension or termination.
8.2. Transaction Rejection: We may reject or delay transactions that do not comply with our policies or raise compliance concerns.
8.3. Legal Action: We may take legal action against users who engage in prohibited activities or provide false information.
We may update our KYC/AML Policy from time to time to reflect changes in legal requirements or our procedures. We will notify users of significant changes via email or through our website.
If you have any questions about our KYC/AML Policy, please contact our compliance team at:
Email: compliance@bitminepro.com
Address: [Company Address]