What is AML?

AML (Anti-Money Laundering) is a set of measures to counter money laundering, financing of terrorism and weapons of mass destruction. This procedure includes identification, storage and mutual exchange of information about customers, their profits and transactions between financial institutions and government agencies.

Financial institutions use the AML principle to check businesses that operate with cash settlements or have assets in cash, keep money in different accounts and in several banks, transfer it abroad, buy futures, options or other instruments for cash settlement, invest in securities through brokers or dealers. In our case, cryptocurrency is involved.

AML-policy

The service reserves the right to suspend financial transactions when AML verification of the transaction sent by the client shows a significant risk. Transaction indicators must not exceed 65% risk, and critical content of individual zones have the following indicators: Dark Service and Dark Market - 25%; Mixer and Gambling - 25%; Exchange Fraudulent, Scam, Illegal Service, Stolen and Ransom - 2.5%.

In the event of a suspended application, the User must undergo enhanced verification by providing:

1. A photo of one of the documents (passport, ID card or driver's license).

2. Selfie with this document and a sheet with today's date and signature handwritten on it.

As well as fully answer the following questions:

- Through which platform did the funds reach you? Provide screenshots from the withdrawal history of the sender's wallet/platform, as well as links to both transactions in explorer;

- explain what service the funds were received for;

- how much the transaction was for, as well as the date and time of the transaction;

- which contact person did you use to communicate with the sender of the funds? Provide all screenshots of correspondence with the sender, where we can see the confirmation of sending funds.

The service reserves the right to request additional documents or screenshots for extended verification of the user, as each case of blocking is considered individually and may require additional guarantees of non-involvement of the person in illegal actions.

The Service does not provide additional services to analyze the future transaction and does not answer the questions of Users related to the possible risk of exchange or conversion of funds. If there are doubts about the purity of cryptocurrency, the User should independently check the degree of risk on open specialized sites or use AML bot.

The user reserves the right to refuse verification. If the blocking was on the part of the exchange service, where the acceptance was carried out on online or offline wallets (not related to the exchange), in this case, after 10 (ten days) will be refunded minus 10% - 30% of the amount received, as well as other network commissions. The amount of the retention percentage is determined by the damage the user has caused to the exchange service.

If the acceptance of title units was made to exchange wallets and the freezing of funds was on the part of the exchange, then if the User refuses verification, the funds remain frozen indefinitely and can be unfrozen by court decision. All court claims of the User by way of recourse shall be redirected to the source of blocking the funds - the Exchange.

If by court decision the return of title units will be made by the exchange, through the exchange service, the latter will make the return minus 10% - 30% of the received amount, as well as other network commissions. The amount of the retention percentage is determined by the damage caused by the user to the exchange service.

If during the period of freezing of title signs, a request from the police or court for the arrest of funds was received, the funds in full will be transferred to the law enforcement authorities and can not be subject to refund in the future.

All information of Users on the application is confidential, however, on high-risk transactions online service Wcash.pw will report and cooperate with the authorities of the countries where illegal transactions were conducted.

Правила сайта

KYC/AML-policy