Anti-Money Laundering Policy

Our commitment to preventing financial crime and maintaining the integrity of our platform

Introduction

This Anti-Money Laundering (AML) Policy outlines our commitment to preventing money laundering and other financial crimes on our platform. We take our legal and regulatory responsibilities seriously and have implemented robust measures to detect and prevent the misuse of our services.

Our gift card platform is designed with security in mind, and we employ various safeguards to ensure that our services are not used for illegal purposes. This policy applies to all users of our services and forms part of our terms and conditions.

Know Your Customer (KYC) Procedures

We implement a risk-based approach to Know Your Customer (KYC) procedures. Depending on the transaction value, frequency, and risk profile, we may require users to:

  • Verify their identity through government-issued photo identification
  • Provide proof of address through utility bills or bank statements
  • Complete additional verification steps for high-value transactions
  • Undergo enhanced due diligence for transactions flagged as potentially suspicious

These measures help us ensure we know who our customers are and can monitor for unusual or suspicious activity effectively.

Prohibited Activities

The following activities are strictly prohibited on our platform:

  • Using gift cards to launder money or finance illegal activities
  • Creating multiple accounts to circumvent transaction limits or verification requirements
  • Providing false or misleading information during the verification process
  • Structuring transactions to avoid reporting thresholds
  • Using our services on behalf of third parties without disclosure
  • Any attempt to use our platform for fraudulent or illegal purposes

Violation of these prohibitions may result in immediate suspension of your account, forfeiture of funds, and reporting to relevant authorities.

Transaction Monitoring and Reporting

We maintain a comprehensive transaction monitoring system that:

  • Identifies unusual patterns of transactions
  • Flags high-risk transactions for review
  • Monitors for structured transactions designed to avoid reporting thresholds
  • Tracks user behavior for inconsistencies with stated purpose

We are legally obligated to report suspicious activities to the appropriate regulatory and law enforcement agencies. We cooperate fully with official investigations and may freeze accounts during such investigations.

Our compliance team regularly reviews and updates our monitoring systems to adapt to emerging threats and comply with evolving regulations.

Compliance and Updates

We regularly review and update our AML policies and procedures to ensure compliance with applicable laws and regulations. Our staff receives ongoing training on AML requirements and how to identify suspicious activities.

This policy may be updated from time to time, and the most current version will always be available on our website. By using our services, you acknowledge and agree to comply with this policy.

If you have any questions about our AML policy or procedures, please contact our compliance team at support@tconnect.store