COINLOOTING Anti-Money-Laundering (AML) Policy
COINLOOTING is committed to fighting money laundering and preventing criminals from using our services to hide illegal funds. We require all employees to avoid any activities that could be linked to money laundering.
Our Commitment
We follow local financial regulations and international laws to protect our business and promote anti-money laundering awareness among our customers. We continuously improve our security measures to prevent money laundering.
Anti-Money Laundering Measures
- Pricing: We set fair prices for game services based on market conditions.
- Order Process: We standardize the order placement and after-sales process to ensure transparency.
- Suspicious Activity: If a buyer places many orders and requests refunds immediately without good reason, we will report this to authorities and stop the transaction.
- Regular Checks: We regularly review transactions and take strict actions against suspected money laundering.
- Monitoring: We monitor and report suspicious transactions to law enforcement and can refuse transactions if we suspect any criminal activity.
Examples of Suspicious Behavior
- Refusing to provide full personal and banking information.
- Refusing of going through KYC verification.
- Ordering large quantities and requesting refunds to third-party accounts.
- Using someone else’s account for transactions.
- Creating multiple accounts for trading.
- Insisting on cash transactions instead of online payments.
- Confirming receipt before delivery.
- Using someone else’s coupon code.
Our Actions
If we suspect money laundering, we may:
- Restrict or stop transactions.
- Temporarily freeze payments.
- Review past transactions.
- Report to authorities and follow their instructions.
- Prepare legal documents.
- Interpret all actions as necessary.
Additional Verification
We may require customers to complete a Know Your Customer (KYC) verification for any order we consider suspicious.
Compliance and Cooperation
We fully comply with anti-money laundering regulations and will take all legal measures to prevent and counteract money laundering. We report suspected fraud and cooperate with investigations to protect our interests and recover any losses. We also notify relevant ISPs of fraudulent activities.
COINLOOTING is dedicated to using all legal means to fight fraud and safeguard our customers’ and our own interests.