Anti-Money Laundering (AML) Policy
Watchee.io is committed to complying with all applicable anti-money laundering (AML) laws and regulations. This policy outlines our program to detect, prevent, and report any suspicious activity on our platform. By using our platform, you agree to comply with this AML policy.
Customer Due Diligence (CDD)
Watchee.io will conduct customer due diligence (CDD) for all new customers to verify their identities and assess the risk of money laundering or terrorist financing. This process may include collecting personal information, such as name, address, date of birth, and government-issued identification.
Watchee.io reserves the right to request additional documentation or information from customers to comply with applicable AML laws and regulations.
Monitoring and Reporting
Watchee.io will monitor all transactions on our platform for suspicious activity. This includes monitoring for transactions that are inconsistent with a customer’s known business or personal activities, or that involve large sums of money or unusual patterns of activity.
If Watchee.io identifies a transaction that may be linked to money laundering or terrorist financing, we will immediately report it to the appropriate authorities and take any necessary actions to prevent further suspicious activity.
All Watchee.io employees will receive AML training on a regular basis to ensure they are knowledgeable about AML laws and regulations and are able to identify and report any suspicious activity on the platform.
AML Program Review
Watchee.io will periodically review and update our AML program to ensure compliance with all applicable laws and regulations.
By using our platform, you agree to cooperate fully with our AML program and provide any information or documentation as requested. Failure to comply with this AML policy may result in the suspension or termination of your account.
If you have any questions or concerns about our AML policy, please contact us at firstname.lastname@example.org.
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