This Anti-Money Laundering (AML) policy outlines Carbify’s approach to preventing the use of its token sales and related products for money laundering, terrorist financing, and other illegal activities. Carbify is committed to adhering to relevant AML laws and regulations, ensuring transparency and integrity in all its operations.
Customer Identification and Verification: Carbify will implement simplified customer identification procedures to confirm the legitimacy of buyers. This may involve collecting basic information such as the buyer’s country of origin. While we do not collect detailed personal information like addresses, we will use this basic information to comply with AML regulations and monitor transactions for suspicious activity.
Risk Assessment: Carbify occasionally performs risk assessments to evaluate the AML risks associated with its token sales and products. This assessment will consider factors such as the source of funds, transaction patterns, and the buyer’s country of origin. Based on the risk assessment, appropriate measures will be taken to mitigate potential risks.
Transaction Monitoring: We will occasionally monitor transactions to detect any unusual or potentially fraudulent activity. Any concerns will be reported to the relevant authorities as required.
Reporting: Carbify will adhere to reporting requirements by documenting and reporting suspicious activities to the appropriate authorities. We will maintain records of transactions related to our token sales and products to ensure compliance with AML regulations.
Training: Carbify will provide basic AML training to its employees and contractors to ensure they are aware of AML regulations and procedures for identifying and reporting suspicious activity. This training will be updated as needed to stay current with AML best practices.
Conclusion: Carbify is dedicated to maintaining compliance with AML regulations while ensuring our processes are practical and aligned with the level of detail we can reasonably collect. This policy outlines the measures we will take to prevent illegal activities in our token sales and related products, promoting integrity and transparency in our operations.
Contact Information
If you have any questions about these Terms, please contact us at info@carbify.io.
This AML Policy was last updated on September 10, 2024.
