For purposes of this Policy, “us,” “we,” or “our” refer to CCG Minining LTD. Our Anti-Money Laundering and Know Your Customer Policy (hereinafter - the “AML/KYC Policy”) are designated to prevent and mitigate possible risks of us being involved in any kind of illegal activity. Both international and local regulations require us to implement effective internal procedures and mechanisms to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery and to take action in case of any form of suspicious activity of our customers.
AML/KYC Policy covers the following matters: Risk Assessment,Verification procedures, Monitoring Transactions
In line with international requirements, we have adopted a risk-based approach to combat money laundering and terrorist financing. By adopting a risk-based approach, we are able to ensure that measures to prevent or mitigate money laundering and terrorist financing are commensurate with the risks identified.
One of the international standards for preventing illegal activity is customer due diligence (“CDD”). According to CDD, we establish our own verification procedures within the standards of Anti-Money Laundering and “Know Your Customer” frameworks.
Our identity verification procedure requires the customer to provide us with reliable, independent source documents, data or information (e.g., national ID, international passport, bank statement, proof of address). For such purposes, we reserve the right to collect customer's identification information for the AML/KYC Policy purposes.
Once the customer's identity has been verified, we are able to remove ourselves from potential legal liability in a situation where our services are used to conduct illegal activity.
The customers who use payment cards connected with our services can be asked to pass card verification. It may include:
Photo of ID card or passport from both sides.
Utility bill with the indicated name and address.
A signed credit card authorization form.
A signed document on familiarization with the possibility of financial risks associated with the acquisition of computing power and cloud mining.
For transactions above $ 1000, it is also necessary to provide a photo of the front side of the credit card with the last 4 digits closed, as well as the photo of the back side with a CID code closed and a credit card holder's signature.
We perform a daily check of customers against recognized “black lists” (e.g. OFAC), aggregating transfers by multiple data points, placing customers on watch and service denial lists, opening cases for investigation if it is essential, sending internal communications and filling out statutory reports, if applicable.
With regard to the AML/KYC Policy, we will monitor all transactions and it reserves the right to: request the customer to provide any additional information and documents in case of suspicious transactions, suspend or terminate customer's account when we have reasonable suspicion that such customer is engaged in illegal activity.