The objective of the AML Policy: We seek to offer the highest security to all of our users and customers on p2pbet. For that, a verification is done to ensure the identity of our customers. A general KYC is done and we have advanced Anti Money Laundering checks in place. We will add additional KYC steps for clarification or further verification if needed. The reason behind this is to prove that the registered person’s details are correct and the deposited values are not stolen or being used by someone else, which is to create the general framework for the fight against money laundering.
p2pbet is committed to high anti-money laundering (AML) standards according to the EU guidelines and compliance. It requires management & employees to enforce these standards to prevent using its services for money laundering purposes. Rok N Rolla Systems N.V also takes additional safety measures to handle the higher risk of cryptocurrencies.
The AML program of p2pbet is designed to be compliant with:
EU: Regulation 2015/847 on information accompanying transfers of funds
EU: Directive 2015/849 of the European Parliament and of The Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering
EU: Various regulations imposing sanctions or restrictive measures against persons and embargo on certain goods and technology, including all dual-use goods
Definition of money laundering:
the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. The concealment or disguise of the true nature, source, location, disposition, movement, or rights with respect to, or ownership of, property, knowing that such property is derived from criminal activity or an act of participation in such activity;
The acquisition, possession or use of property, knowing, at the time of receipt, that such property was derived from criminal activity or from assisting in such activity;
Participation in, association to commit, attempts to commit and aiding, abetting, facilitating, and counselling the commission of any of the actions referred to in points before.
In addition, untaxed income, such as black money, shall not be accepted and reported to the corresponding government agency to ensure fair taxation and legal prosecution.
Money laundering shall be regarded as such even when the activities which generated the property to be laundered were carried out in the territory of another Member State or in that of a third country.
Sanctions, Persons and Entities of Special Interest as well as PEPS.
The www.opensanctions.org database is used for screenings of open sanctions. The website is a global database of persons and companies of political, criminal, or economic interest. It combines the most important sanctions lists, databases of politically exposed persons, and other public information into a single easy-to-access dataset. It cross-checks leeks and public databases for possible conflicts of interest and signs of illicit activity, tracks political conflicts and compares worldwide sanctions policies and checks potential customers and partners in international dealings. The project includes sanctions lists, lists of politicians, ban lists used in government procurement, lists of known terrorists, and other data sources relevant to journalistic research and due diligence.