ANTI-MONEY LAUNDERING AND IDENTITY VERIFICATION POLICY
EntroMoney limited (EM) Anti-Money Laundering ("AML") Policy and Identity Verification Policy (collectively the "AML Policy") is designed to articulate EM's commitment to detecting, preventing and reporting attempts to use its financial services platform to illegally launder money, to finance illegal activities such as terrorism and drug trafficking, or to commit fraud.
EntroMoney offers a financial services platform through Entromoney.com (EM) that allows people to send, receive currencies in EntroMoney, including math-based currencies such as bitcoins and ripples ("exchange services"). EntroMoney also offers, through the Service that allows people to deposit or withdraw funds to and from an account via bank wire transfer, voucher,other currency, or direct transfer from third party Bitcoin exchanges. On EM, people can buy or sell Bitcoins on the open market, open a long or short position against a currency using deposited funds as leverage, or hold funds indefinitely.
EntroMoney recognizes that decentralized and distributed digital currency and payment systems in which payments are processed and secured by advanced cryptography and distributed computing power instead of a central bank, corporation or government pose a risk of illegal uses (as do all financial systems). EntroMoney believes, however, that the legitimate use of math-based currency networks provide untold benefits and efficiencies within the global economy. Accordingly, EntroMoney has implemented this Policy and its accompanying AML Program to assess the specific risks posed by EntroMoney's innovative services and established specific controls to address those risks as required by law.
It is EntroMoney's policy to comply with applicable laws and regulations regarding AML and identity verification, and to detect and prevent the use of its Service for money laundering or to facilitate criminal or terrorist activities. While EntroMoney is committed to protecting its users' privacy, it will not allow people to use its Services to launder money, commit fraud or other financial crimes, finance terrorist activities, or facilitate other illegal conduct.