VIRTUAL ASSETS AML PROGRAM
1. THE AML PROGRAM
Virtual Assets, LLC is under the obligation to apply anti-money laundering (AML) requirements in our business. All our staff is committed to pursue the highest standards of AML and Know Your Customer (KYC) compliance to mitigate the risk of our services being used to facilitate financial crimes.
We have implemented the framework of the AML Program in order to ensure that all the necessary steps are taken to achieve the full safety of our services. In this AML Program we are committed to following FinCEN’s BSA Requirements for MSBs.
2. WHAT IS THE AML PROGRAM?
Our AML Program outlines the procedures our company follows to prevent our services from being used for the purposes of money laundering, terrorist financing or any other criminal activity. KYC measures are part of the AML Program. The objective of KYC measures is to enable businesses to know and understand their customers better and help them manage their risks. We may update such procedure in the future to assure the compliance with the existing laws and best AML practice.