ANTI-MONEY LAUNDERING & KYC POLICY

UAB “Doglinma” takes into consideration the Legal standards for Money Laundering and other criminal activities.

Who May Use the Services

1. You must not use the Services under any circumstances if you are under the age of 18 years old.
2. We may on registration of your account with us and at any time thereafter request that you provide us with your personal information, including but not limited to, your name, address, telephone number, e-mail address and date of birth...
3. We may also perform further background checks on you and request any relevant documentation from you for any reason.
4. You may not use the Services of the Website if you are located or are a resident of the Democratic People’s Republic of Korea (DPRK), Iran, Albania, The Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Myanmar, Nicaragua, Pakistan, Panama, Syria, Lebanon, Iraq, Uganda, the United States of America, Yemen, Zimbabwe (“Restricted Territories”)...

UAB “Doglinma” has policies and procedures in place to prevent the involvement or misuse of money laundering activities...

1. obtaining appropriate evidence of client identity
2. maintaining adequate records of identification information
3. determining that clients are not known or suspected terrorists by checking their names against lists of known or suspected terrorists
4. informing clients that the information they provide may be used to verify their identity
5. maintains records of client transactions

Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.

There are three stages involved in money laundering; placement, layering, and integration.

1. firstly, cash or cash equivalents are placed into the financial system
2. secondly, money is transferred or moved to other accounts (e.g. futures accounts) through a series of financial transactions designed to obscure the origin of the money
3. And finally, the funds are re-introduced into the economy so that the funds appear to have come from legitimate sources (e.g. closing a futures account and transferring the funds to a bank account).

In order to avoid any money laundering suspects cases, we demand that clients declare on the source of the funds that are used while using UAB “Doglinma” Services

All the guidelines mentioned above have been taken into consideration to protect UAB “Doglinma” and its clients.