PlasBit Anti-Money Laundering (AML) Notice

In order to prevent financial crime, PlasBit has implemented an AML policy which focuses on safeguarding our clients and supporting governmental efforts against illegal activities.

PlasBit’s AML policy actively prevents criminal activities on our platform, and ensures the prevention of any suspicious financial activity which could lead to money laundering or terrorist financing.

PlasBit is legally obliged to obtain documented information from clients to verify the origin of funds and to keep such information updated.

PlasBit has taken the necessary steps to safeguard its platform from misuse by criminals for illegal gain.

PlasBit Anti-Money Laundering Program provides for:

• A Customer Identification and Verification Process performed during customer onboarding and throughout the course of using the PlasBit services, which ensures appropriate due diligence, and when necessary, enhanced due diligence, including obtaining and maintaining proper documentation.

• A transaction monitoring process which helps identify potential suspicious activity.

• Reporting of suspicious activity to governmental authorities in accordance with applicable laws, rules and regulations.

• Specific anti-money laundering and anti-terrorist financing compliance training provided to personnel.

• Recordkeeping and reporting practices in accordance with applicable laws, rules and regulations.

By applying for a PlasBit account, you agree to provide the information and documentation requested by PlasBit for the abovementioned purposes.

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