1.1. As a registered Funds Services Business, BtcFury maintains an internal anti-money laundering and “know your customer” compliance program (“AML/KYC Program”). The AML/KYC Program is a risk-based program based on requirements of the Single Euro Payments Area (SEPA), other anti-money laundering laws and implementing regulations, and guidance promulgated by the UK regulators.
1.2. This AML/KYC Program may be updated from time-to-time, including the procedures that BtcFury uses to verify its users' identities. BtcFury develops this Policy, introduces amendments and additions to it at its own discretion, and oversees compliance with its provisions and requirements.
1.4. BtcFury uses the procedures for identification and verification of User that vary in complexity depending on many factors. Also, the User verification is possible for the following reasons:
- recommendations and specific requirements of the regulator including ones regard to transaction limits;
- suspicious financial activity inside the account, or connection with other identified suspicious accounts;
- attempts of fraud with affiliate accruals paid according to our Partnership Program;
1.5. To verify a personal account:
proof of identity (passport, driving license, national identity card);
proof of address (bank statement, utility bill);
1.6. To verify a business account:
all the documents specified in paragraph 1.5;
incorporation documents for a company, including:
state registration certificate (certificate of incorporation);
articles of Incorporation (if available);
document confirming the powers and authority of the person authorized to act on the company’s behalf without a power of attorney, etc.
1.7. All the documents sent to us must be of colour version, of high quality format (300 DPI or above). If documents have pages with multiple sides, a scanned copy of such pages should include all of them. Documents confirming the address of residence must be relevant, that is, be not more than 3 months old.
1.8. We reserve the right to reject any documents if they do not meet the above requirements.
1.9. We reserve the right to demand any additional information at any time in order to verify (identify) a client, as well as to comply with the rules on anti-money laundering, or the rules on fight against financing the terrorism.
1.10. Any financial transaction that may be related to money laundering activities will be considered to be suspicious activity.
1.11. Grounds for determining that a specific transaction is suspicious may be personal observations and experience of the Legal Department employees, as well as information received or identified.
1.12. Different requirements for reporting suspicious transactions may depend on the nature and value of a transaction.
1.13. BtcFury will periodically refer to and consult the lists published by the authorities of the UK, and international organizations that contain lists of known terrorists or persons suspected of terrorist activities, terrorist organizations, high-risk countries, a limited list of countries subject to the OFAC sanctions, jurisdictions that do not provide sufficient level of anti-money laundering procedures, as well as countries subject to sanctions to determine whether the BtcFury’s User or potential user, and/or such a User's country of jurisdiction is included in the above lists.