AML Anti-money laudering
KYC Know your customer
CIP Customer Identification Program
Latest update. December 2022.
This policy is part of our general terms and conditions, concerning the prevention against identity theft, financing of terrorism, organized crime, asset laundering and money laundering enforced in the countries of operation of our platform, so that both guarantee the deconfiguration of illegal activities and the obtention of funds through illegitimate means.
Our users can be sure that, from our experience, the standards required by international regulations in this regard are met, so that security and compliance with the law prevail in our transactions, therefore our accessibility requirements are simple but rigorous, preserving the necessary regulatory compliance to guarantee efficient security in said operations. Users are responsible for abiding by the applicable laws in relation to the legal use of the Platform in their local jurisdiction, as well as being in compliance with other laws and regulations applicable to them by connection.
These policies and any terms incorporated herein apply to THE USER, whether he is a natural person or legal entity, the use of the Services, including those offered at https://ccoins.io, the technology and any platform integrated into it. As well as any related applications associated with it, which are operated and maintained by Ccoins or a third party, are subject to such conditions. For Colombia, the procedures for the prevention and risk control of Money Laundering and Terrorist Financing are contained in our complete and updated SARLAFT Manual (Sistema de Administración del Riesgo de Lavado de Activos y Financiación del Terrorismo).
COMPLIANCE AND REPRESENTATIONS
The user accepts that the current Terms may be updated by Ccoins at any time. If the user does not read and accept these conditions in their entirety, they must not use or continue to use the Services. We reserve the right to amend or modify these policies, adapting them to the continuous legislative changes, which will always be in force on our website home page.
The user understands and declares to know that our Services offer the possibility of exchanging crypto-assets, therefore, it will be processed through the service with third parties and they will be considered as a type of assets that can be transmitted solely and exclusively through block chain technology. , including, but not limited to, digital currencies and digital tokens and any other type of digital exchange medium.
Users are responsible for verifying that they have the legal right to make transactions under the applicable laws in their territory. The Platform disclaims any responsibility in the event of any illegality of User transactions occurring or foreseeing, Ccoins has the discretion to verify transactions to verify illegalities as the case may be and take actions in accordance with laws and regulatory authorities, in the following cases:
The user, with access to the platform, accepts our discretionary decision to take measures that range from limitation, suspension and closure of the account, if any previously exposed circumstances are noticed, due to the need to apply security and verification protocols, withdrawing said measures if the circumstances that caused them are corrected.
Said measures will persist if:
In order to use the functionalities of the platform in Ccoins, the user must pass the following registration processes, and identity verification, in order to collect the user’s personal information, including data such as their full name, place of residence, date of birth and address, so that they are compared with the official documentation provided by the user, verification of the proof of real residence and the identity of the user in competent official databases, in order of residence factors and jurisdiction.
KYC VERIFICATION STEPS
This process begins from the provision of user data, whether a natural, legal or moral person; collecting your personally identifiable information, full name, place of residence, date of birth and address:
The age and existence of said account is verified as well as a behavioral risk assessment based on the email address.
The number is verified by sending an SMS message with a verification code to the owner of the phone number.
The user must deliver an official identity document (s) of the country where he is located (front and back), among which are: national identifications, driver’s licenses, tax cards, voter ID, Passports among others.
The uploaded document must contain at least the following information:
The upload of said document(s) in image is necessary to carry out specific verifications to determine if the document is valid, belongs to the user and is reliable, as well as if said document was subject to alterations or manipulation, or the creation of other accounts in the platform with the identity document, which would effectively make the opening of the user account unfeasible.
Delimitation with government databases to verify the report in said databases and proof of the existence of said document, for which Ccoins reserves the right to request an additional document that effectively verifies the proof of existence of the person.
This verification is carried out with specialized verification platforms, redirecting the data to said platform, in such a way that it offers extreme security in said verification.
Ccoins reserves the right to request a video or other additional documents that allow full certainty of said identity.
Verification with biometric data, only for natural or physical persons, so that the physical characteristics of the images delivered by the user match, in correspondence with the official identity document, it also verifies if the user who interacts with the application is the intended person and authorized.
Among other features of biometric verification is:
The existence of a real address and proof of the existence of said address are verified by means of GPS location, and validation of postal codes.
In the case of a legal or moral person, the review of adoption of AML policies or risk management in asset laundering and money laundering in order to the competence and jurisdiction of the user, under platforms attached to Ccoins. The watch lists against money laundering (AML) are issued by national and international organizations such as the FBI, Interpol and the United Nations, in which the names of individuals and companies that have participated in criminal activities rest. For this reason, our AML verification checks the user against over a thousand international watch lists, sanctions lists, and lists of politically exposed persons (PEPs).
If a user is found on any list, verification will be subject to a second review, either at the AU Government Department of Foreign Affairs and Trade, Inter-American Development Bank, GB Consolidated Target List His Majesty’s Treasury Sanctions List – Persons of Interest Swiss SECO Sanctions, UK Bank of England Sanctions List, UN Consolidated Sanctions, US Bureau of Industry and Security Denied Persons in US, US OFAC PEP Leaders CIA, Parliamentary Assembly of the Council of Europe, EU MPs, Colombian SARLAFT, US DEA, US FBI, INTERPOL Red and Black Notices, US Marshals Service.
PROCEDURE AND ELIGIBILITY
After said internal verification procedures were carried out, in order to give rise to the effective creation of a user account accessible after the registration process and through the Platform Ccoins, therefore it is clear that you must go through all the AML/KYC procedures without inconvenience, which may be applied to you in accordance with our internal AML/KYC policies. As part of such procedures, Ccoins reserves the right to request additional information and documents, which are intended, among others, to identify our user and prove the origin of the funds;
The user must manage and maintain only one account Ccoins, for which it is forced to:
We strive to protect our users from fraudulent activities in the field of crypto assets. Some crypto assets may be intended for illegal seizure of property, or construed as fraud, scam, or any other activity recognized by law as illegal and/or not in compliance with legal requirements. Ccoins cooperates with law enforcement agencies and other competent authorities to determine and disclose such crypto assets. We reserve the right to prohibit and discontinue any Exchange through our Services with such crypto assets at our sole discretion, without prior notice and without publishing the reason for such decision, provided that we are aware of it. Upon entering the platform, the user INDEMNIFIES AND RELEASES Ccoins FROM LIABILITY AGAINST ANY CLAIM, DEMAND AND DAMAGES, WHETHER DIRECT, INDIRECT, CONSEQUENTIAL OR SPECIAL for said security reason and verification in these policies.
CCoins Labs SAS