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Anti-Money Laundering (AML) Policy

  1. Purpose: MoiPayWay Technologies (“the Company”) is committed to maintaining the highest standards of integrity and compliance with applicable laws and regulations. This Anti-Money Laundering (AML) Policy is designed to prevent and detect activities that may facilitate money laundering, terrorism financing, or any other illegal financial activities.
  1. Scope: This AML Policy applies to all employees, contractors, agents, and partners of MoiPayWay Technologies involved in financial transactions and services offered by the Company.
  2. Customer Due Diligence (CDD):
  • Identification of Customers: MoiPayWay Technologies will establish and verify the identity of all customers before engaging in any business relationship or transaction. This includes obtaining information on the customer’s legal name, address, date of birth, and other relevant details.
  • Enhanced Due Diligence (EDD): For customers posing higher risks, additional due diligence measures will be implemented, such as obtaining more detailed information about the customer’s source of funds and anticipated transaction patterns.
  1. Know Your Customer (KYC): MoiPayWay Technologies will maintain a robust KYC process to understand and verify the nature and purpose of the customer’s transactions. Ongoing monitoring of customer transactions and activities will be conducted to identify any suspicious behavior.
  2. Transaction Monitoring: The Company will implement systems and procedures to monitor and detect unusual or suspicious transactions. Any transactions that deviate from the norm or exhibit characteristics associated with money laundering or terrorist financing will be subject to further investigation.
  3. Reporting and Recordkeeping: MoiPayWay Technologies will comply with all applicable legal requirements for reporting suspicious transactions to the relevant authorities. Additionally, the Company will maintain accurate and up-to-date records of customer identification, due diligence, and transaction history as required by law.
  4. Training and Awareness: All employees and relevant stakeholders will undergo regular training to stay informed about AML regulations, the Company’s policies and procedures, and the latest trends and techniques associated with money laundering and terrorist financing.
  5. Risk Assessment: MoiPayWay Technologies will conduct periodic risk assessments to identify, assess, and mitigate the risks associated with money laundering and terrorism financing. The risk assessment will be used to tailor the AML program to address specific risks.
  6. Cooperation with Authorities: The Company will cooperate fully with regulatory and law enforcement authorities, providing them with any information necessary for investigations related to money laundering or terrorist financing.
  7. Communication and Review: This AML Policy will be communicated to all employees, partners, and stakeholders. The policy will be reviewed regularly to ensure its effectiveness and compliance with evolving legal and regulatory requirements.
  8. Non-Retaliation: MoiPayWay Technologies prohibits retaliation against any employee who, in good faith, reports concerns or suspicions related to money laundering or terrorist financing.
  9. Enforcement: Violations of this AML Policy may result in disciplinary action, including termination of employment or partnership, and may be reported to relevant authorities when required by law.
This AML Policy is subject to periodic review and updates to ensure its effectiveness and compliance with applicable laws and regulations.