ToS Checker

These lines were automatically extracted from the ToS of letsexchange.

• • ensure that transactions of suspicious nature are reported to the proper law enforcement through the compliance officer;

  Found at: 2023-08-07 Last seen: 2023-10-02

• with regard to the aml/kyc policy, the company will monitor all transactions and it reserves the right to:

  Found at: 2023-08-07 Last seen: 2023-10-02

• 4.2. as part of the registration process, you will provide us with the information that is requested as part of the account opening process to identify and verify your identity and for the detection of anti-money laundering, terrorist financing, fraud, or any other financial crime and permit us to keep a record of such information. you will need to complete certain verification procedures before you are permitted to start using the services.

  Found at: 2023-08-07 Last seen: 2023-10-02

• Last seen on 2023-09-28.

  this aml/kyc policy is designated to prevent and mitigate possible risks of the company being involved in any kind of illegal activity.

  Found at: 2023-08-07 Last seen: 2023-09-28

• Last seen on 2023-09-28.

  the company may change this aml/kyc policy at any time without any notice, effective upon its posting on the website. your continued use of the website and services shall be considered your acceptance to the revised aml/kyc policy.

  Found at: 2023-08-07 Last seen: 2023-09-28

• KYC/AML

  Found at: 2023-08-07 Last seen: 2023-10-02

• Last seen on 2023-09-28.

  cryptolighthouse ltd., a company incorporated and acting under the laws of the republic of seychelles (hereinafter – “website”, “service”, “letsexchange”, “company”, "we", "our" or "us") strives to protect our clients from any type of scams and fraudulent activities in the crypto world and complies to all rules and regulations present at the moment, and one of the ways that enables us to do so is the anti-money laundering and know your customer policy (hereinafter - the "aml/kyc policy") procedure.

  Found at: 2023-08-07 Last seen: 2023-09-28

• 4.1. the compliance officer is the person, duly authorized by the company, whose duty is to ensure the effective implementation and enforcement of the aml/kyc policy. it is the compliance officer’s responsibility to supervise all aspects of the company’s anti-money laundering and counter-terrorist financing, including but not limited to:

  Found at: 2023-08-07 Last seen: 2023-10-02

• Last seen on 2023-09-28.

  both international and local regulations require the company to implement effective internal procedures and mechanisms to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery and to take action in case of any form of suspicious activity from its customers.

  Found at: 2023-08-07 Last seen: 2023-09-28

• 1.2. the company`s identity verification procedure requires the customer to provide the company with reliable, independent source documents, data or information (e.g., national id, international passport, bank statement, utility bill, source of funds, etc.) or in case of legal entities the data and corporate documents showing the ultimate beneficial owner of such legal entity upon the company`s request. for the aml/kyc purposes the company reserves the right to collect customer’s identification information.

  Found at: 2023-08-07 Last seen: 2023-10-02

• 4.5. failure to provide any information that we reasonably request from you pursuant to applicable money laundering laws and regulations after you have become a customer shall be grounds for the suspension of the provision of services to you (including access to your account) and/or the termination of this agreement. the nature and extent of the information you are required to provide may differ, for example, based on the services provided to you under this agreement and/or the means of payment you use.

  Found at: 2023-08-07 Last seen: 2023-10-02

• 7.1.8. you fail to provide on request such documentation as letsexchange (or any third party whose services we use in providing the services to you under this agreement) reasonably requires in order to comply with its obligations under applicable money laundering laws and regulations or otherwise to ensure the verification of your identity and/or funding sources to letsexchange satisfaction.

  Found at: 2023-08-07 Last seen: 2023-10-02

• 4.2. the compliance officer is entitled to interact with law enforcement, which are involved in prevention of money laundering, terrorist financing and other illegal activity.

  Found at: 2023-08-07 Last seen: 2023-10-02

• 4.3. the company`s compliance officer is: aml corporation limited a company registered in the united kingdom with the company number: 13020363, whose registered office is located in 21 ellis street, london, london, uk, sw1x 9al.

  Found at: 2023-08-07 Last seen: 2023-10-02

• (i) daily check of customers against recognized “black lists” (e.g. ofac), aggregating transfers by multiple data points, placing customers on watch and service denial lists, opening cases for investigation where needed, sending internal communications and filling out statutory reports, if applicable;

  Found at: 2023-08-07 Last seen: 2023-10-02

• 7.1.5. we suspect money laundering, terrorist financing, fraud, or any other financial crime;

  Found at: 2023-08-07 Last seen: 2023-10-02

• 2.1.customers are known not only by verifying their identity (who they are) but, more importantly, by analyzing their transactional patterns (what they do). therefore, the company relies on data analysis as a risk-assessment and suspicion detection tool. the company performs a variety of compliance-related tasks, including capturing data, filtering, record-keeping, investigation management, and reporting. system functionalities include:

  Found at: 2023-08-07 Last seen: 2023-10-02

• • request the customer to provide any additional information and documents in case of suspicious transactions;

  Found at: 2023-08-07 Last seen: 2023-10-02

• 1.1. one of the international standards for preventing illegal activity is customer due diligence (“cdd”). according to cdd, the company establishes its own verification procedures within the standards of anti-money laundering and “know your customer” frameworks, including enhanced due diligence for customers presenting a higher risk, such as: (i) politically exposed persons (peps); (ii) the customer is from a high-risk third country; or (iii) the customer is from the territory that is considered a low tax rate territory.

  Found at: 2023-08-07 Last seen: 2023-10-02

• 1.9. in case the customers doesn’t wish to disclose their identity for certain reasons and refuses to provide the documents, the kyc/aml procedure is considered failed and the deposited funds are then refunded to the address (or addresses) the deposit was made from, subtracting the network fees, within 24 hours. then, company reserves the right to blacklist this address (or addresses), thus rendering it (or them) non-eligible for making deposits on the service.

  Found at: 2023-08-07 Last seen: 2023-10-02

• your continued use of the website and services shall be considered your acceptance to the revised aml/kyc policy.

  Found at: 2023-09-28 Last seen: 2023-10-02

• at the moment, and one of the ways that enables us to do so is the anti-money laundering and know your customer policy

  Found at: 2023-09-28 Last seen: 2023-10-02

• the company may change this aml/kyc policy at any time without any notice, effective upon its posting on the website.

  Found at: 2023-09-28 Last seen: 2023-10-02

• to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of

  Found at: 2023-09-28 Last seen: 2023-10-02

• (hereinafter - the "aml/kyc policy") procedure.

  Found at: 2023-09-28 Last seen: 2023-10-02

• this aml/kyc policy is designated to prevent and mitigate possible risks

  Found at: 2023-09-28 Last seen: 2023-10-02

*Read more about the Automated ToS checker.