Anti-Money Laundering Policy

In terms of law, money laundering means legalizing the proceeds of crime, i.e., actions that conceal the source of funds to make their nature lawful.

Anti-money laundering (AML) incorporates a complex of measures aimed at prevention of use of the financial system of the country or any specific financial institution for money laundering or terrorist financing. Such measures and instruments are worked out and implemented by international and national institutions, banking, and the business community.

PAY Plantation collects identification data of every Client, as well as IP addresses, online activity, communications and, in general, all transactions carried out by the Client.

PAY Plantation tracks, including auto-monitoring and auto-controlling, suspicious activities of the clients and transactions executed under unusual conditions. This includes, but is not limited to, transactions that do not make economic sense, unexplained large transactions, transactions involving unidentified parties, investments related transactions of unclear nature. PAY Plantation reserves the right to ask for supporting documentation for suspicious transactions.

Enhanced Due Diligence is exercised on high turnover customers and/or potential suspicious customers/transactions.

Purpose of the transaction is established where applicable.

PAY Plantation improves its AML procedures continuously to monitor unlawful financial schemes.

PAY Plantation reserves the right to refuse to process a transaction at any stage, when we believe that the transaction is associated with money laundering or other criminal activity.

PAY Plantation complies with the legal requirements of United States of America for anti-money laundering. In cases set forth in the relevant legal enactments, we co-operate with officials and government institutions of the state of Texas and United States of America, as well as other countries.