AML Policy for the Token Sale of Carbify`s $CBY:
Introduction: This Anti-Money Laundering (AML) policy outlines the measures that Carbify will undertake to prevent the use of its token sale for money laundering, terrorist financing, and other illegal activities. Carbify is committed to complying with all relevant laws and regulations related to AML, and to maintain a high level of integrity and transparency in all its operations.
Customer Identification and Verification: Carbify will conduct customer identification and verification (KYC) procedures to ensure that all buyers of its tokens are legitimate individuals or entities. These procedures will include collecting and verifying personal information such as name, address, date of birth. Carbify will also conduct ongoing monitoring of its buyers to ensure that they remain compliant with AML regulations.
Risk Assessment: Carbify will conduct a risk assessment to determine the level of AML risk associated with its token sale. This risk assessment will take into consideration factors such as the source of funds, the size and nature of transactions, and the country of origin of the buyer. Based on this assessment, Carbify will implement appropriate measures to mitigate the identified risks.
Transaction Monitoring: Carbify will monitor all transactions related to its token sale to identify suspicious activity. This monitoring will be conducted in real-time using advanced technology and will include analysing transaction patterns and behaviours to detect unusual or potentially fraudulent activity. Any suspicious activity will be reported to the appropriate authorities.
Reporting: Carbify will comply with all relevant reporting requirements related to AML regulations. This includes reporting suspicious activity to the appropriate authorities and maintaining records of all transactions related to its token sale.
Training: Carbify will provide training to its employees and contractors on AML regulations and how to identify and report suspicious activity. This training will be ongoing to ensure that all staff members are up-to-date with the latest AML developments and best practices.
Conclusion: Carbify takes its AML obligations seriously and is committed to preventing the use of its token sale for illegal activities. This policy outlines the measures that Carbify will undertake to ensure that its token sale is conducted with integrity and transparency, and in compliance with all relevant laws and regulations.
