๐Lope AML/KYC
LopeCoin Meme Project AML/KYC Policy
Introduction
The LopeCoin Meme Project, including its website and sub-projects, adheres to the highest standards of Anti-Money Laundering (AML) compliance and Anti-Terrorist Financing regulations. All management and employees are required to follow these standards diligently.
Definitions
AML: Anti Money Laundering.
CDD: Client Due Diligence.
ECDD: Enhanced Client Due Diligence.
PEP: Politically Exposed Person.
Public key: A code used to identify the client and generate their virtual currency address.
SCDD: Simplified Client Due Diligence.
Threshold: Trading limit (total volume) in EUR per client.
UBO: Ultimate Beneficial Owner.
VASP: Virtual Asset Service Providers.
Virtual currency: Digital representation of value accepted as a means of exchange.
Virtual currency address: An address/account generated from letters, numbers, and/or symbols in the blockchain.
Scope
This Policy outlines unified procedures, guidelines, and standards of internal AML control to mitigate legal, regulatory, reputational, operational, and financial risks.
Firm Policy
It is the policy of the LopeCoin Meme Project to prohibit and actively prevent money laundering, terrorist financing, or any activity facilitating these activities. We comply with all applicable regulations and continuously review and update our policies, procedures, and internal controls.
Objectives
The guidelines aim to prevent the project from being used for criminal activities, manage risks, and understand user financial dealings better.
Overview
The LopeCoin Meme Project is committed to preventing the use of its services for illegal activities. We have strict policies for detecting, preventing, and reporting suspicious activities. Money laundering and terrorist financing are not tolerated.
Anti-Money Laundering Policy
The project has developed a risk-based anti-money laundering program including:
Written Policies
Customer Identification Procedures
Anti-Fraud Procedures
Record-Keeping Requirements
Customer Risk Assessment Procedures
Sanction Lists Procedures
Employee Training Procedures
On-going Customersโ Activity Procedures
Risk Assessment
Key Facts
Verification data concerns require approval from the AML Officer.
Suspected money laundering or terrorist financing must be reported immediately.
Risks Leading to Refusal
Residing in high-risk third countries
Being a Politically Exposed Person (PEP)
Being a US-Person
Ultimate Beneficial Owner (UBO) mismatch
Risks Leading to Higher Risk Level
Enhanced Client Due Diligence (ECDD) may be required, leading to potential termination of business relationships and reporting to authorities.
Last updated