Point3 Online

We Don't Support Money Laundering

AML Policy

 

  1. Introduction

Point3 Online is committed to maintaining the highest standards of integrity and transparency in its operations as a crowdfunding platform. In line with this commitment, we have established an Anti-Money Laundering (AML) policy to ensure compliance with applicable laws, regulations, and best practices. This policy outlines our dedication to preventing the misuse of our platform for money laundering and other illicit activities.

 

  1. Objectives

The primary objectives of our AML policy are as follows:

2.1. Compliance: Ensure compliance with all relevant anti-money laundering laws, regulations, and guidelines applicable to our crowdfunding activities.

2.2. Risk Assessment: Identify, assess, and mitigate the risks associated with money laundering and terrorist financing activities within our platform.

2.3. Customer Due Diligence (CDD): Establish robust procedures for conducting customer due diligence to verify the identity of our investors and understand the nature and purpose of their investments.

2.4. Reporting: Establish procedures for reporting suspicious activities that may be indicative of money laundering or other illicit activities to the appropriate competent authorities.

 

  1. Customer Due Diligence (CDD)

3.1. Identification and Verification: We will implement procedures to verify the identity of our investors, using reliable and independent sources of information. This will include obtaining and verifying official identification documents, conducting appropriate background checks, and maintaining records of all investor identification information.

3.2. Enhanced Due Diligence (EDD): In cases where higher risks are identified, such as politically exposed persons (PEPs) or individuals from high-risk jurisdictions, we will apply additional measures and enhanced due diligence procedures to mitigate those risks.

  1. Monitoring and Reporting

4.1. Transaction Monitoring: We will implement a robust system to monitor investor transactions within our platform to detect any suspicious activities. This system will rely on predefined criteria and thresholds for generating alerts and conducting further investigations when necessary.

4.2. Suspicious Activity Reporting: Our staff will be trained to identify and report any transactions or activities that appear to be suspicious or indicative of money laundering or terrorism financing. We will establish procedures for reporting such activities to the designated Anti-Money Laundering Officer within our organization in a timely manner.

4.3. Record Keeping: We will maintain records of all investment transactions, investor identification information, and supporting documentation for the prescribed period as required by applicable laws and regulations.

  1. Employee Training and Awareness

We are committed to providing regular training and awareness programs to all our staff members to ensure they understand their responsibilities in preventing money laundering and terrorist financing. Training will cover topics such as identifying suspicious activities, customer due diligence, and reporting obligations.

  1. Compliance and Independent Audit

We will establish an internal compliance function responsible for monitoring and reviewing our AML procedures regularly. Additionally, we will conduct independent audits to assess the effectiveness of our AML program.

  1. Cooperation with Authorities

Point3 Online is committed to cooperating with competent authorities, regulatory bodies, and law enforcement agencies in fulfilling our obligations to combat money laundering and terrorist financing. This includes providing requested information, reporting suspicious activities, and supporting investigations when required.

  1. Review and Modification

This AML policy will be periodically reviewed and updated as necessary to align with any changes in laws, regulations, or industry best practices related to anti-money laundering.

By adhering to this AML policy, Point3 Online seeks to ensure the integrity of its crowdfunding platform and contribute to the overall integrity of the financial system.