This Anti-Money Laundering (AML) Policy (hereinafter the "AML Policy") is intended to deter and reduce the risk of Tradeano.com engaging in any illegal activity.
Tradeano.com is liable to Seychelles' local AML legislation. Tradeano wants to establish appropriate organizational procedures and mechanisms to avert money laundering, terrorist financing, drug and human trafficking, the threat of nuclear destruction, corruption and bribery, and to take measures in the event of any malicious transactions by its users. Tradeano.com will take some steps to certify the authenticity of information and documents provided by users. Tradeano.com thoroughly verifies user identity information. Tradeano retains the right to inspect specific users who have been identified as risky or suspicious.
AML/KYC Policycovers the following matters
Procedures for verification.
Officer of Compliance.
Procedures Of Verification
Customer due diligence ("CDD") is one of the world norms for avoiding illegal activity. Tradeano, per the CDD, creates its reviews and audits within the constructs of the AML frameworks.
The user must provide Tradeano with credible, unbiased source documents, data, or information as part of the identity verification procedure (e.g., national ID, international passport, bank statement, utility bill). Tradeano retains the right to collect user identification information as part of the AML/KYC Policy.
Tradeano will take steps to validate the authenticity of documents and information supplied by users. Tradeano retains the right to investigate specific users who have been identified as risky or suspicious.
Tradeano holds the right to confirm the identity of a user on a continuous basis, particularly if their identification information has changed or their activity appears sceptical (unusual for the particular user). Furthermore, Tradeano retains the right to demand current documents from users, even if they have previously passed identity verification.
Identification information provided by users will be collected, stored, shared, and kept safe strictly in accordance with Tradeano's Privacy Policies and administrative regulations.
Once the user's identity has been confirmed, Tradeano is free of potential legal liability if its services are used to engage in illegal activity.
Officer of Compliance
The Compliance Officer is the Tradeano-authorized individual whose responsibility is to promote the proper execution of the AML/KYC Policy. The Compliance Officer is in charge of coordinating all aspects of Tradeano's anti-money laundering and anti-financing efforts, including but not limited to:
(a) Collecting Users' identification information; and
(b) Developing and upgrading internal policies and procedures for the finalization, audit, submission, and retainment of all required reports and records applicable to laws and regulations.
(c) Monitoring transactions and looking into any significant deviations from normal activity.
(d) Putting in place a records management system to ensure proper storage and retrieval of documents, files, forms, and logs.
(e) Maintaining a current risk assessment.
(f) Sharing information with law enforcement as required by applicable laws and regulations.
The Compliance Officer has the authority to communicate with law enforcement agencies associated with the fight against money laundering, terrorist financing, and other illegal activity.
Users are identified not only by confirming their identity (who they are) but also by assessing their transactional structures (what they do). As a result, Tradeano depends on data analysis to evaluate risk and detect suspicious activity. Tradeano is responsible for a wide range of adherence tasks, such as data capture, sorting, record-keeping, investigation management, and reporting.
(a) Daily checks of Users against recognized "black lists" (e.g., OFAC), collating transfers by multiple data points, putting Users on watch and service denial lists, opening cases for investigation where necessary, sending internal communications and, if necessary, completing statutory reports
(b) Case and document management.
Regarding the AML/KYC Policy, Tradeano will screen all transactions and hold the right to::
(a) guarantee that dubious transaction are flagged up to the appropriate law enforcement via the Compliance Officer;
(b) demand extra information and documents from the user in the case of fraudulent transactions;
(c) suspend or terminate the User's Account when Tradeano has reasonable suspicion that such user engaged in illegal activity.
The above list is not rigorous, and the Compliance Officer will track Users' transactions on a daily scale to evaluate whether such transactions should be flagged up and treated as suspicious or whether they should be treated as legitimate.
Tradeano has taken a threat approach to counter money laundering and terrorist financing in accordance with international standards. Tradeano is able to guarantee that actions to avoid or minimize money laundering and terrorist financing are proportionate to the identified risks by using a risk-based approach. This will enable resources to be assigned in the most efficient manner possible. The premise is that resources should be directed based on priorities, with the most significant risks receiving the most attention.