Anti-Money Laundering (AML) Policy for WorldOfSMM.com
1. Introduction
WorldOfSMM.com is committed to preventing money laundering and terrorist financing activities on its platform. This AML Policy outlines the measures we take to comply with applicable laws and regulations, ensuring a secure and transparent environment for all users.
2. Scope
This policy applies to all users, employees, and third-party service providers associated with WorldOfSMM.com. It covers all transactions conducted on the platform.
3. AML Compliance Officer
WorldOfSMM.com has appointed an AML Compliance Officer responsible for:
Implementing and enforcing AML procedures.
Conducting risk assessments.
Reporting suspicious activities to relevant authorities.
Training staff on AML compliance.
4. Customer Due Diligence (CDD)
To mitigate risks, WorldOfSMM.com performs the following checks:
a. User Verification (KYC)
Users must provide valid identification (e.g., government-issued ID, passport, or driver’s license).
Business users must submit company registration documents and proof of address.
Users engaging in high-value transactions may undergo enhanced due diligence (EDD).
b. Ongoing Monitoring
Transactions are continuously monitored for suspicious activity.
User accounts are periodically reviewed for compliance.
5. Suspicious Activity Reporting (SAR)
If any transaction or user behavior raises suspicion (e.g., unusual payment patterns, inconsistent user details), WorldOfSMM.com will:
Freeze the account temporarily.
Investigate the activity.
File a report with the relevant financial intelligence unit (FIU) if necessary.
6. Record Keeping
WorldOfSMM.com maintains records of:
User identification documents.
Transaction histories (minimum of 5 years).
Reports of suspicious activities.
7. Prohibited Activities
WorldOfSMM.com strictly prohibits:
Transactions linked to illegal activities (fraud, terrorism, drug trafficking).
Use of anonymous payment methods (e.g., unverified cryptocurrencies).
Structuring transactions to avoid reporting thresholds.
8. Employee Training
All employees receive AML training to:
Recognize suspicious activities.
Follow reporting protocols.
Stay updated on regulatory changes.
9. Compliance with Global Regulations
WorldOfSMM.com adheres to international AML standards, including:
FATF (Financial Action Task Force) Recommendations
EU’s AMLD (Anti-Money Laundering Directive)
Local AML laws where applicable
10. Policy Review & Updates
This policy is reviewed annually or as needed to reflect changes in regulations or business operations.
11. Contact Information
For AML-related concerns, contact:
AML Compliance Officer
Email: worldofsmmhelp@gmail.com
Effective Date: 20/10/2022
Last Updated: 11/12/2024
By using WorldOfSMM.com, users agree to comply with this AML Policy. Failure to adhere may result in account suspension or legal action.
