AML Policy

Poolminers S.L. ANTI MONEY LAUNDERING ("AML") AND COUNTER TERRORIST FINANCING ("CTF") POLICY

In response to the scale and effect of money laundering the Spain, in common with many other countries, has passed legislation designed to prevent money laundering and to combat terrorism. Although Poolminers s.l. is currently unregulated and does not fall within the scope of the AML/KYC obligations in the spain, we have put in place systems and procedures that meet the Spanish AML legislation using the kyc system of JUMIO and the verification of all our debit card clients by Wave Crest Holding ltd (Visa Provider).

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

The Poolminers S.L.. AML Policy is designed to prevent money laundering by meeting the SPANISH AML legislation obligations including the need to have adequate systems and controls to mitigate the risk of being used to facilitate financial crime.

Poolminers insists on a comprehensive and thorough KYC and AML compliance framework. This includes monitoring of suspicious transactions and obligatory reporting to local regulators and other compliance bodies.

Poolminers S.L. reserves the right to refuse registration to persons from jurisdictions that do not meet international AML standards.

Poolminers S.L. reserves the right to carry out customer diligence verification of its users and their transactions. Enhanced customer review will be carried out periodically as part of our ongoing risk assessment. In addition to this, any attempt to abuse Poolminers or its platform will result in immediate account suspension and reporting violations to respective authorities.

The Poolminers S.L. AML and KYC policies are as follows:

  • Transactions conducted via the Poolminers platform will be subject to AML transaction monitoring.
  • Identity and proof of address documents and transaction records will be maintained for at least six years and will be submitted to regulators as required without prior notification to registered users.
  • Poolminers S.L. may at any time without liability and without disclosing any reason, suspend the operation of your account. Poolminers S.L. shall notify you after exercising its rights under this clause.

Registered members will be required to verify their identity in line with Poolminers s.l. and jumio KYC policy. This includes submission of both government ID and proof of address. Valid ID includes a passport, national card, or driving license. Valid proof of address includes utility and rates bills not older than 3 months. Other forms of ID and address verification will not be accepted. Your account will be unverified until account validation has been completed.

SANCTIONS POLICY

Poolminers S.L. is prohibited from transacting business with individuals, companies and countries that are on prescribed Sanctions lists. Poolminers s.l. will therefore screen against United Nations, European Union, UK Treasury and US Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions in which we operate.