Anti-Money Laundering and Anti-Terrorist Financing (AML) Policy (AML)

BITPoint’s AML Policy is designed to prevent money laundering, including the need for adequate systems and controls to mitigate the risk of the company being used to facilitate financial crime.

This AML Policy establishes the minimum standards that must be met and includes:

  • The appointment of an allied company that is able to identify Money Laundering (MLRO) activities, that has a sufficient level of seniority and independence and that has the responsibility to supervise compliance with the legislation, regulations, rules and regulations. Relevant industry guidance;
  • Establish and maintain a Risk-Based Approach (RBA) to evaluate and manage money laundering and terrorist financing risks for our company;
  • Establish and maintain due diligence procedures, identification, verification and knowledge of your client (KYC) based on risk, including manual and reinforced due diligence for those clients that present the greatest risk, such as Politically Exposed Persons (PEP);
  • Establish and maintain risk-based systems and procedures to monitor clients’ ongoing activity;
  • Procedures for reporting suspicious activities internally and to the relevant police authorities as appropriate;
  • The maintenance of appropriate records for the minimum prescribed periods;
  • Due Diligence, Training and knowledge of all employees of the company.
  • Combat Financing against Terrorism (CFT)

The Company adopts a risk-based approach when adopting and implementing counter-terrorism financing (CFT) measures and conducting AML risk assessments.

The company adopted internal CFT (Combat Terrorist Financing) controls and made decisions with respect to CFT issues replacing any business, strategy or other operational task if necessary.

  • International sanctions policy (ISP)

Our company is prohibited from conducting transactions with individuals, companies and countries that are on sanctioned sanctions lists.

(KYC) Know Your Customer

In order to carry out transactions on our site, people must be identified by passport and / or citizenship card and photo validation document with a biometric identification system that allows comparing the official document with the documentation presented. Companies must be identified by certifications from the Public Registry, extracts from the Chamber of Commerce or similar documents in the applicable jurisdiction. The copies must be made and archived in files in a secure manner.


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