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ANTI-MONEY LAUNDERING (AML) AND KNOW YOUR CUSTOMER (KYC) POLICY

 

1. Introduction This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy outlines the measures taken by Global Strategy Services Ltd ("the Company"), registered at 167 - 169 Great Portland Street, 5th Floor, London, England, W1W 5PF, to prevent money laundering, terrorist financing, fraud, and other financial crimes.

By using our services at mining2cash.com, users agree to comply with this policy.

2. Regulatory Compliance The Company adheres to relevant international AML regulations, including:

  • The UK Money Laundering Regulations
  • The Financial Action Task Force (FATF) Guidelines
  • The European Union’s AML Directives
  • The Bank Secrecy Act (BSA) and USA PATRIOT Act (where applicable)
  • Any other applicable laws in jurisdictions where the Company operates.

3. Customer Identification (KYC) To ensure compliance, the Company requires all customers to undergo identity verification before using our services.

KYC Requirements:

  • Individuals:
    • Government-issued identification (passport, national ID, or driver’s license)
    • Proof of address (utility bill, bank statement, or rental agreement, dated within the last 3 months)
    • Selfie verification (if required)
  • Businesses:
    • Certificate of incorporation
    • List of directors and ultimate beneficial owners (UBOs)
    • Business address verification
    • Identification of authorized representatives

Failure to provide necessary documentation may result in the suspension or termination of services.

4. Risk-Based Approach (RBA) The Company adopts a risk-based approach (RBA) to customer due diligence (CDD):

  • Low-Risk Customers: Basic verification is required.
  • Medium-Risk Customers: Additional information, such as source of funds, may be required.
  • High-Risk Customers: Enhanced Due Diligence (EDD), including detailed background checks and ongoing transaction monitoring.

5. Transaction Monitoring We monitor transactions for suspicious activity, including:

  • Large, unusual, or structured transactions
  • Transactions from high-risk jurisdictions
  • Rapid movement of funds between multiple accounts
  • Unusual mining payouts inconsistent with historical activity

6. Suspicious Activity Reporting (SAR) If any transactions or user activities raise suspicion, the Company will:

  • Conduct an internal review of the activity
  • File a Suspicious Activity Report (SAR) with the relevant authorities
  • Cooperate fully with law enforcement agencies as required by law

7. Prohibited Transactions The Company strictly prohibits the use of its services for:

  • Money laundering, terrorist financing, or other illegal activities
  • Transactions involving sanctioned individuals or entities (as per OFAC, UN, or EU lists)
  • Use of mixing services or anonymizing tools (e.g., Tornado Cash) to obfuscate transaction history
  • Funding from illegal sources, including fraud, ransomware, or illicit trade

8. Record Keeping The Company maintains all AML/KYC-related records for a minimum of 5 years from the date of transaction or account closure. This includes:

  • KYC documents
  • Transaction history
  • Internal reports on suspicious activity

9. AML Training and Compliance

  • All employees and compliance officers receive AML training to recognize and report suspicious activities.
  • The Company designates an AML Compliance Officer (CAMLO) responsible for implementing this policy.
  • Regular audits and updates to AML measures are conducted to align with evolving regulations.

10. Non-Compliance and Penalties Failure to comply with AML/KYC requirements may result in:

  • Account suspension or termination
  • Freezing of funds associated with suspicious transactions
  • Reporting to legal and regulatory authorities
  • Legal action in accordance with applicable laws

11. Governing Law and Jurisdiction This AML Policy is governed by the laws of England and Wales, and any disputes shall be resolved in the courts of London.

12. Contact Information For AML-related inquiries, contact support@mining2cash.com.

By using our services, you acknowledge that you have read, understood, and agreed to this AML/KYC Policy.