1.1 Acceptance Through Using or Accessing the Services
1.2 Eligibility Requirements to Use or Access the Services
1.3 Changes to this Agreement
2. Access to the Services
3. Policy for Using the Services
3.1 Prohibited Uses
3.2 Prohibited Activities
3.3 Geographic Restrictions
3.4 Sanctions
3.5 Consequences of Misuse
3.6 Patriot Act
Prohibited Activities include:
(a) No Violation of Laws or Obligations
(b) No Unsolicited Communications
(c) No Impersonation
(d) No Harming of Minors
(e) Compliance with Content Standards
(f) No Interference with Others’ Enjoyment
(g) No Interference or Disabling of the Services
(h) No Monitoring or Copying Material
(i) No Viruses, Worms, or Other Damaging Software
(j) No Unauthorized Access or Violation of Security
(k) No Reverse Engineering
(l) No Collecting User Data
(m) No Other Interference
(n) Attempt or Assist Others in Attempting
(o) Money Laundering
(p) Circumvention
(q) Scraping
(r) Anti-aggregation
4. Paid Services
4.1 Billing Policies
4.3 No Refunds
4.4 Taxes
5. Third-Party Service Providers
6. Block Rewards
7. Blockchain
8. Intellectual Property Rights
8.1 Ownership of Intellectual Property
8.2 License to Use the Services
8.3 Certain Restrictions
Certain Restrictions include:
(a) No Copying or Distribution
(b) No Modifications
(c) No Exploitation
(d) No Altering of Notices
(e) No Competition
(f) Systematic Retrieval
9. User Content
9.1 User Generated Content
9.2 License
9.3 Content Standards
Content Standards include:
(a) Violate Laws or Obligations
(b) Promote Illegal Activity or Harm to Others
(c) Infringe Intellectual Property Rights
(d) Defamatory, Abusive, or Otherwise Objectionable Material
(e) Promotion of Sexually Explicit Material or Discrimination
(f) Fraudulent Information or Impersonation
(g) Endorsement by the Company
10. Assumption of Risk
Key Sections of the Terms of Service Agreement
.1Prevention of Money Laundering, Terrorist Finance, and Violations of Financial Sanctions
.2Privacy
.3Third-Party Links and Ads
.4Termination
14.1 Termination
14.2 Effect of Termination
.5No Warranty
.6Limitation of Liability
.7Indemnification
.8Disputes
18.1 Governing Law
18.2 Dispute Resolution
18.3 Limitation to Time to File Claims
.9Miscellaneous
19.1 Waiver
19.2 Severability
19.3 Entire Agreement
19.4 Headings
19.5 No Agency, Partnership, or Joint Venture
19.6 Assignment
19.7 Export Laws
.10Contact Information
.11Anti-Money Laundering (AML) Policy
Agreement Overview
This Terms of Service Agreement (the “Agreement”) is made and entered into by and between you and O SYSTEM CORP., a Panama corporation (the “Company”, “us”, “we”, or “our”). This Agreement sets forth the terms and conditions that govern your use of and access to the products, materials, and services provided through or on the https://www.o.xyz/ website (the “Website”), including any Company-provided computer or mobile software or application (collectively, the “Services”).
Acceptance and Eligibility
1. Acceptance of this Agreement
By accessing or using the Services (or by clicking on “accept” or “agree” to this Agreement when prompted), you agree to be bound by the terms and conditions of this Agreement on behalf of yourself or the entity or organization that you represent. If you do not agree to the terms and conditions of this Agreement, you may not use or access the Services and must exit the Website immediately.
1.2 Eligibility Requirements to Use or Access the Services
To use the Website or any other Services, you must be at least 18 years old, and not be on a sanctions or restricted or prohibited list, or physically located in a country on such a list, of Panama, the European Union or any of its member states, or the United Kingdom. By accessing or using the Services, you represent and warrant that you meet all the foregoing eligibility requirements.
1.3 Changes to this Agreement
The Company reserves the right to change this Agreement from time to time in its sole discretion without notice to you. The latest version of the Agreement will be posted on the Website and should be reviewed prior to accessing or using the Services. All changes will be effective immediately when posted on the Website and will apply to your use of and access to the Services from that point onward.
Service Agreement Updates and Usage Policies
Important: Your continued use of or access to the Services following any changes to this Agreement constitutes your acknowledgment of such changes and agreement to be bound by the terms and conditions of such changes. Regularly check this page to stay informed of any updates, as they are binding on you.
2. Access to the Services
The Services may change as the Company evolves. The Company reserves the right to modify, withdraw, or discontinue the Services, in whole or in part, at any time without notice. You agree that the Company shall not be liable for any losses or damages caused by the Services not being available at any time or for any period.
3. Policy for Using the Services
You may use the Services only for lawful purposes and in accordance with this Agreement and any Company-provided documentation.
3.1 Prohibited Uses
Do not use the Services in any way that could damage the Services or the general business of the Company.
3.2 Prohibited Activities
You agree not to engage in any of the following prohibited activities:
(a) No Violation of Laws or Obligations: Do not violate any laws, regulations, or contractual obligations.
(b) No Unsolicited Communications: Avoid sending unsolicited or unauthorized advertisements, spam, or other forms of unsolicited communications.
(c) No Impersonation: Do not impersonate others or misrepresent your affiliation to mislead or deceive.
(d) No Harming of Minors: Do not exploit or harm minors in any way.
(e) Compliance with Content Standards: Ensure all uploaded or transmitted material complies with the Content Standards outlined in this Agreement.
(f) No Interference with Others’ Enjoyment: Do not harass or interfere with anyone’s use or enjoyment of the Services.
(g) No Interference or Disabling of the Services: Avoid using any device or software that interferes with the proper working of the Services.
(h) No Monitoring or Copying of Material: Do not monitor or copy material without authorization.
Service Usage Restrictions
Important: Users must adhere to the following restrictions to ensure proper and legal use of the Services.
Prohibited Actions
Copying and Distribution: Do not copy, monitor, distribute, or disclose any part of the Services by any means, including automatic devices like robots or crawlers, except for public search engines under specific conditions.
No Damaging Software: Avoid uploading or distributing viruses, worms, or other harmful software that could damage the Services or other users' properties.
No Unauthorized Access: Do not breach the security of the Services, including any unauthorized access or data mining activities.
No Reverse Engineering: Refrain from attempting to reverse engineer or decompile the Services to obtain source code or underlying information.
No Collecting User Data: Do not collect or harvest any user data without their explicit consent.
No Interference: Do not interfere with the proper working of the Services.
No Assisting in Prohibited Actions: Do not attempt or assist others in any prohibited actions.
No Money Laundering: The Services should not be used for money laundering or financing illegal activities.
No Circumvention: Do not use bots, VPNs, or other methods to circumvent the stated restrictions, including modifying devices contrary to guidelines.
No Scraping: Automated data collection from the Services, except for search engine indexing, is prohibited.
Anti-aggregation: Strictly avoid any form of data aggregation that violates the terms.
Note: Compliance with these guidelines is essential for maintaining the integrity and legality of the Services.
Company Policies and Restrictions
Network Integrity and User Accounts
If the Company suspects that a user's devices could jeopardize the network integrity, we reserve the right to terminate accounts and slash accrued block rewards without prior notice, at the Company’s sole discretion.
Geographic Restrictions
You are prohibited from accessing or using the Software if you are:
Included on any Sanctions or restricted list of Panama, the EU, or the UK
Located in countries such as Afghanistan, Belarus, Central African Republic, Crimea, Cuba, Eritrea, Iran, Iraq, Lebanon, Libya, Mainland China, Myanmar, North Korea, Somalia, Syria, Sudan, the Donetsk and Luhansk regions of Ukraine
You accept full responsibility for compliance with all local laws. The Company does not guarantee that the Services are appropriate or available in all jurisdictions.
Definition of Sanctions
Sanctions refer to economic or financial sanctions or trade embargoes imposed by the Panamanian government, UN Security Council, the EU, or the UK's Treasury, among others.
Definition of Sanctioned Person
A Sanctioned Person includes:
Individuals or entities on Sanctions-related lists by OFAC, UN Security Council, the EU, or the UK's Treasury
Entities in locations under comprehensive Sanctions (e.g., Cuba, Iran, North Korea, Syria, Crimea, Donetsk, Luhansk)
Entities 50% or more owned by any listed person or entity
Consequences of Misuse
If there is a suspicion of risk or non-compliance with this Agreement, the Company may limit, suspend, or terminate your access to the Services and take legal steps to prevent your use of the Services.
Patriot Act Compliance
The Company and its partners may perform actions under the Panama Anti-Money Laundering Laws or other applicable laws to detect and report suspicious activities. Access to products may be denied based on the results of background checks.
Paid Services
Details on billing policies for paid services will be provided as applicable.
Service Terms and Conditions
Paid Services and Pricing
Certain aspects of the Service may be provided for a fee or other charge. If you elect to use paid aspects of the Service, you agree to the following:
Adherence to our displayed prices on the Site, subject to updates at any time.
Acceptance of new services for additional fees and charges.
Potential amendments to fees and charges for existing services at our sole discretion.
We use Stripe and SpherePay as our third-party service providers for payment services. By using our Service, you agree to be bound by Stripe’s Services Agreement and Sphere’s Terms and Conditions.
Refund Policy
No Refunds. You may cancel your account at any time; however, there are no refunds for cancellation. In the event that we suspend or terminate your account or this Agreement, you will not receive a refund for any unused time on a subscription, any license or subscription fees, any content or data associated with your account, or for anything else.
Tax Responsibility
You are responsible for paying any applicable taxes related to your purchases, transactions, or other monetary transaction interactions with the Services.
Third-Party Service Providers
To provide the Services, we use various third-party service providers. You authorize us to share your information with these providers as necessary. You also agree to each of the agreements listed after each service provider.
Block Rewards
Block Rewards may be denied or revoked under the following conditions:
Use of fraudulent methods, spoofing, virtualization technology, VPNs, or misrepresentation of technical specifications.
Failure to meet the required standards, including failing proof-of-work tests, low uptime, or failing technical tests by the Company or authorized parties.
The Company reserves the right, at its sole discretion and without prior notice, to terminate accounts, off-board devices, and slash accrued Block Rewards on all related accounts.
Each Block Reward claim is available for a limited time, usually until the next claim period opens. The Company may close the claim window early at its discretion, with or without prior notice.
Blockchain
Details about blockchain-related services and terms will be provided in this section.
Understanding Fees and Risks in Cryptocurrency Transactions
Important: This section outlines the financial obligations and risks associated with using the Services.
Payment Obligations
Using the Services may require payment of fees to:
Other users (e.g., merchants)
The Company
External parties (e.g., gas charges on the blockchain)
You must ensure a sufficient balance of cryptocurrency tokens in your wallet to complete transactions.
Risks and Responsibilities
You accept all risks related to:
Financial transactions with cryptocurrencies and other crypto assets
Staking and transfers of crypto assets
Disclosure of your personal wallet key, even due to service errors or bugs
Service Availability and Asset Security
Access to your tokens may be:
Suspended or terminated
Delayed, potentially diminishing their value
You are solely responsible for securing your private key(s). Loss of control over your private key(s) will result in permanent loss of access to your assets.
Liability and Investment Decisions
The Company is not liable for:
Losses or failures related to your cryptographic tokens or assets
Investment decisions based on the Services
Always seek independent investment and tax advice before making investment decisions.
Legal Considerations
Nothing in this Agreement waives rights that are non-waivable under U.S. securities laws, including the Securities Act of 1933 and the Securities Exchange Act of 1934.
Disclaimer on Investment Advice
The Company does not provide investment advice or endorse any investments. You are advised to consult qualified professionals before making any investment decisions.
Tax Responsibilities and Intellectual Property Rights
Your Tax Obligations
It is your responsibility to determine and fulfill any applicable taxes related to transactions you complete using the Services. You must also report and remit the correct tax to the relevant taxing authorities. The operator is not responsible for determining tax applicability or compliance.
Intellectual Property Overview
8. Intellectual Property Rights.
8.1 Ownership of Intellectual Property.
You acknowledge that all intellectual property rights, including copyrights, trademarks, trade secrets, and patents, in the Services and its contents, features, and functionality (collectively, the “Content”), are owned by the Company, its licensors, or other providers of such material. The Content is protected by Panamanian and international intellectual property or proprietary rights laws. Neither this Agreement nor your access to the Services transfers to you any right, title, or interest in or to such intellectual property rights. Any rights not expressly granted in this Agreement are reserved by the Company and its licensors.
License to Use the Services
8.2 License to Use the Services.
During the Term of this Agreement, the Company grants you a limited, non-exclusive, non-transferable, non-sublicensable, and revocable license to use and access the Content for any business or commercial use in accordance with this Agreement. The Content may not be used for any other purpose. This license will terminate upon your cessation of use of the Services or at the termination of this Agreement.
Usage Restrictions
8.3 Certain Restrictions.
No Copying or Distribution: You shall not copy, reproduce, publish, display, perform, post, transmit, or distribute any part of the Content in any form or by any means except as expressly permitted herein or as enabled by a feature, product, or the Services when provided to you.
No Modifications: You shall not modify, create derivative works from, translate, adapt, disassemble, reverse compile, or reverse engineer any part of the Content.
No Exploitation: You shall not sell, license, sublicense, transfer, assign, rent, lease, loan, host, or otherwise exploit the Content or the Services in any way, whether in whole or in part.
No Altering of Notices: You shall not delete or alter any copyright, trademark, or other proprietary rights notices from copies of the Content.
No Competition: You shall not access or use the Content in order to build a similar or competitive website, product, or service.
Systematic Retrieval: You shall not use any information retrieval system to create, compile, directly or indirectly, a database, compilation, collection or directory of the Content or other data from the Services.
Trademark Notice
8.4 Trademark Notice.
All trademarks, logos, and service marks displayed on the Services are either the Company’s property or the property of third parties. You may not use such trademarks, logos, or service marks without the prior written consent of their respective owners.
User Content
9. User Content.
User Generated Content and Responsibilities
9.1 User Generated Content
The Services may contain features that allow users to post, upload, submit, or process content or materials (collectively, “User Content”) on or through the Services.
You are solely responsible for your User Content. Please consider carefully what you choose to share. All User Content must comply with the Content Standards set forth below. Any User Content you post on or through the Services will be considered non-confidential and non-proprietary. You assume all risks associated with the use of your User Content. This includes any reliance on its accuracy, completeness, reliability, or appropriateness by other users and third parties, or any disclosure of your User Content that personally identifies you or any third party. You agree that the Company shall not be responsible or liable to any third party for any User Content posted by you or any other user of the Services.
You further agree that the Company shall not be responsible for any loss or damage incurred as the result of any interactions between you and other users. Your interactions with other users are solely between you and such users. If there is a dispute between you and any other user, we are under no obligation to become involved.
License
9.2 License
You hereby grant to the Company an irrevocable, non-exclusive, royalty-free and fully paid, transferable, perpetual, and worldwide license to reproduce, distribute, publicly display and perform, prepare derivative works of, incorporate into other works, and otherwise use and exploit your User Content, and to grant sublicenses of the foregoing rights, in connection with the Services and the Company’s business including, without limitation, for promoting and redistributing part or all of the Services in any media formats and through any media channels.
You represent and warrant that you have all the rights, power, and authority necessary to grant the rights granted herein to any User Content that you submit. You hereby irrevocably waive all claims and have no recourse against us for any alleged or actual infringement or misappropriation of any proprietary rights in any communication, content, or material submitted to us. Please note that all of the following licenses are subject to our Privacy Policy to the extent they relate to any User Content that contains any personally identifiable information.
Content Standards
9.3 Content Standards
You agree not to send, knowingly receive, upload, transmit, display, or distribute any User Content that does not comply with the following standards (“Content Standards”). User Content must not:
Violate Laws or Obligations: Violate any applicable laws or regulations (including intellectual property laws and right of privacy or publicity laws), or any contractual or fiduciary obligations.
Promote Illegal Activity or Harm to Others: Promote any illegal activity; advocate, promote, or assist any unlawful act; or create any risk of any harm, loss, or damage to any person or property.
Infringe Intellectual Property Rights: Infringe any copyright, trademark, patent, trade secret, moral right, or other intellectual property rights of any other person.
Defamatory, Abusive, or Otherwise Objectionable Material: Include content that is defamatory, abusive, or otherwise objectionable.
Content Standards and Enforcement
Important: Users must adhere to the following content standards.
Prohibited Content
Do not share content that is:
Unlawful or promotes illegal activities
Defamatory, libelous, or invasive of privacy
Abusive, threatening, or harassing
Discriminatory or promotes discrimination based on race, sex, religion, nationality, disability, sexual orientation, or age
Fraudulent or involves impersonation
False or misleading
Implying endorsement by the company without approval
Monitoring and Enforcement
We reserve the right to take action against any content that violates our standards, which may include reporting to law enforcement authorities.
Feedback and Suggestions
Any feedback you provide may be used by us freely. Do not submit anything you consider confidential.
Risk Disclaimer
Information provided through our services is for general purposes only and should not be solely relied upon. We disclaim all liability for reliance on such information.
Legal Compliance
You must ensure that your activities do not involve money laundering, terrorist finance, or violations of financial sanctions.
Service Usage Guidelines
Legal Compliance: You must use the Services legally.
You agree not to use the Services for any illegal purposes, including but not limited to:
Money laundering or related offenses
Terrorist financing
Sanctions evasion
Other activities that violate applicable law
You also agree not to use any proceeds from illegal activities in connection with the Services.
Representations and Warranties
You represent and warrant that:
No criminal or regulatory investigations are pending against you or your affiliates at the time of using the Services.
You are not on any Sanctions list from Panama, the EU, the UK, or any other relevant jurisdiction.
You are not acting on behalf of or transferring assets to anyone on a Sanctions list.
If applicable, no shareholder holding more than 25% of your shares is on a Sanctions list.
You comply with all relevant Sanctions, including those of Panama and your business country.
You will notify the Company if you are placed on a Sanctions list or suspect a Sanctions breach.
Privacy Policy
For details on how we handle your information, refer to our Privacy Policy. By using the Services, you consent to the collection, use, and sharing of your information as described.
Key Policies and Terms
Children's Online Privacy
Important: The Children’s Online Privacy Protection Act mandates parental consent before collecting personal information from children under 13.
We do not collect or solicit personal information from children under 13. If we discover such information has been collected, it will be deleted promptly. If you believe a child under 13 has provided personal information, please contact us.
Third-Party Links and Ads
The Services may include Third-Party Links for convenience. We do not endorse these links and are not responsible for their content. Use of Third-Party Links is at your own risk and subject to their terms.
Termination of Services
The Company may terminate your access to the Services at any time without notice for any breach of terms. Upon termination, you must cease all use of the Services and will not be liable for any resulting issues.
14.1 Immediate Effects: Access and use of Services will cease immediately.
14.2 Post-Termination: Certain provisions will survive termination, including intellectual property rights and liability limitations.
No Warranty
The Services are provided on an "as-is" and "as-available" basis without warranties of any kind, either express or implied. Use of the Services is solely at your own risk.
Service Limitations and Legal Disclaimers
Disclaimer of Warranties: The Company and its licensors do not guarantee the accuracy, reliability, completeness, or correctness of content in the Services. Additionally, they do not warrant that:
The Services will meet your specific requirements
The Services will be available at all times, uninterrupted, or secure
Defects or errors in the Services will be corrected
The Services are free of viruses or other harmful components
The Services or items obtained through the Services will meet your expectations
No advice or information, whether oral or written, obtained through the Services will create any warranty not expressly stated in this agreement. Some jurisdictions do not allow the exclusion of implied warranties, so these exclusions may not apply to you. If applicable law requires any warranties with respect to the services, such warranties are limited to ninety (90) days from the date of first use.
Limitation of Liability
To the fullest extent allowed by applicable law, the Company and its affiliates will not be liable for any damages arising from your use or inability to use the Services. This includes, but is not limited to:
Loss of use, revenue, profit, or anticipated savings
Loss of data or goodwill
Diminution in value
Any consequential, incidental, indirect, exemplary, special, or punitive damages
Your sole remedy for dissatisfaction with the services is to stop using them. Note that some jurisdictions do not allow the exclusion or limitation of certain damages, so these limitations may not apply to you.
Indemnification
You agree to indemnify and hold harmless the Company and its affiliates from any claims, liabilities, expenses, or damages.
Legal Obligations and Dispute Resolution
Indemnification
You agree to indemnify, defend, and hold harmless the Company and its affiliates from any losses or legal claims arising from your breach of this Agreement or misuse of the Services. This includes covering any legal costs and pursuing insurance claims.
Dispute Resolution Overview
Disputes under this Agreement are governed by the laws of Panama and are explicitly excluded from the United Nations Convention on Contracts for the International Sale of Goods (CISG).
Arbitration Process
Disputes will be resolved through arbitration in accordance with the JAMS International Arbitration Rules. The arbitration will be:
Held in Panama but may be conducted remotely
Conducted in English
Decided by a sole arbitrator
The arbitrator is not authorized to award punitive damages and may only award direct damages unless statute permits otherwise.
Costs and Legal Representation
In any arbitration related to this Agreement, the arbitrator will award reasonable legal costs to the prevailing party. If the victory is partial, the arbitrator may award a proportional share of the costs.
Confidentiality in Arbitration
Parties must keep the arbitration proceedings and any awards confidential, unless disclosure is necessary for preparing or conducting the arbitration, or as required by law.
Arbitration and Document Production Guidelines
Document Production Limits
Document requests in arbitration should be:
Limited to documents directly relevant to significant issues or outcomes of the case.
Restricted by time frame, subject matter, and related persons or entities.
Free from broad terms like “all documents directly or indirectly related to.”
Electronic Document Production
In any arbitration related to this Agreement:
Only electronic documents from sources used in ordinary business activities are to be produced.
Production should avoid backup servers or other media unless there is a compelling need.
Documents should be in a searchable and usable format, without needing to produce metadata, except for email headers.
Custodian Description
The description of custodians for electronic document collection should be:
Narrowly tailored to include only individuals likely to have relevant evidence.
Costs and Burdens of Discovery
If discovery costs and burdens are disproportionate to the dispute:
The arbitrator may deny requests or require the requesting party to cover production costs, subject to final cost allocation.
Interrogatories and Requests to Admit
No interrogatories or requests to admit are allowed in arbitrations arising from this Agreement.
Jury Trial and Class Action Waiver
By agreeing to these terms, you waive the right to a jury trial or to participate in a class action.
Legal Clauses
Time Limit for Claims: Claims must be filed within one year from when they arise, or they are permanently barred.
Waiver: No delay in exercising any right under this Agreement constitutes a waiver of such right.
Severability: If any provision is invalid, this does not affect other provisions.
Entire Agreement: This document represents the full agreement between the parties.
Key Provisions of the Agreement
Comprehensive Agreement
This Agreement, along with all referenced documents, represents the complete agreement between you and the Company regarding the subject matter herein. It supersedes all prior agreements and understandings, both written and oral.
Clause Headings
Headings and titles in this Agreement are for convenience only and do not influence the interpretation of any provisions.
Business Relationships
No agency, partnership, or joint venture is established by this Agreement. You are not authorized to bind the Company in any manner.
Assignment Restrictions
You cannot assign or delegate your rights or obligations under this Agreement without the Company's prior written consent. Any unauthorized assignment is void. The Company may assign its rights and obligations freely. This Agreement benefits and binds both parties and their successors.
Compliance with Export Laws
The Services may be subject to export control laws of Panama. You agree to comply with these laws and not to transfer materials from the Services to foreign entities in violation of these laws.
Contact Information
Registered Domicile: Panama City, Betania, Vía Ricardo J. Alfaro, PH The Century Tower, office 317. For feedback or support, contact mak@https://www.o.xyz/.
Anti-Money Laundering (AML) Policy
Introduction:O.xyz is committed to a safe, transparent environment compliant with legal standards to minimize risks of money laundering and related illegal activities.
Objective: To maintain AML/CFT compliance, ensuring a secure platform for all users.
Scope: Applies to all employees, clients, and transactions on the O.xyz platform globally.
Understanding Compliance Processes
Money Laundering: Disguising the origins of illegally obtained funds to make them appear legitimate.
Terrorism Financing: Providing funds to support terrorism-related activities.
KYC (Know Your Customer): Verifying the identity of clients to ensure compliance with anti-money laundering regulations.
5. Customer Due Diligence (CDD)
As part of our commitment to transparency and compliance, our Customer Due Diligence process includes:
Verifying the identity of clients through legitimate identification documents.
Monitoring transaction patterns to ensure consistency with established profiles.
Assessing client risks based on factors such as geographic location, business type, and financial activity.
6. KYC Procedures
Before engaging in any transaction, clients are required to submit identification documents for verification. We also review the source of funds to ensure they originate from legitimate and legal activities.
7. Transaction Monitoring
Our platform uses automated tools to continuously monitor transactions for signs of unusual or suspicious activity. We assess all transactions based on established risk parameters and focus particular attention on transactions that fall outside normal activity patterns.
8. Reporting Suspicious Activity
In the event that suspicious activity is detected, it is promptly reported to the designated AML Officer for review. Appropriate action will be taken based on local and international legal standards to address any concerns.
9. Record-Keeping
We maintain secure records of client identification documents, transaction details, and reports of suspicious activities for a period of five years. These records are available for regulatory review, ensuring compliance with applicable laws and providing transparency.
10. Training and Awareness
We prioritize the ongoing education and awareness of our employees and partners, ensuring they are equipped to identify and respond to potential suspicious activities in accordance with our AML and KYC procedures.
11. Risk-Based Approach
We take a risk-based approach to assess the potential risk associated with each client. This enables us to apply the most appropriate measures based on factors such as transaction size, client behavior, and geographic risk.
13. Non-Compliance
While we emphasize compliance, we understand that mistakes can occur. In cases of non-compliance, we will work closely with clients and partners to resolve any issues in a cooperative manner, ensuring that corrective actions are taken to prevent future occurrences.