AML/KYC POLICY
1. The exchange service “Bullup.ai” adheres to measures related to combating money laundering, financing terrorism (AML – Anti-Money Laundering) and the Know Your Customer (KYC) policy designed to prevent and reduce potential risks of involving Bull UP in any illegal activity.
2. The service warns users against attempting to use Bestobmen to legitimize funds obtained through criminal means, financing terrorism, any fraudulent activities, as well as using the Service to purchase prohibited goods and services.
Funds associated with the following resources will not pass AML verification:
OMG!OMG!, MEGA DARKNET MARKET, 1xBit, Black Sprut, FreeBitcoin, Primedice, Stake, Hydra, Wasabi, DuelBits, WEX Exchange, Garantex, NVSPC, Tornado, Gandhiji.io, DuckDice, Roobet, Bitzlato, Yolo Group, BTC-e.
Any cryptocurrency mixing (mixer) services.
Any services subject to international sanctions.
3. In order to prevent illegal operations, the Service has established requirements for all Orders created by the User:
3.1. The sender and recipient of the Payment in the Order must be the same person. Transfers in favor of third parties using the Bestobmen Service are strictly prohibited.
3.2. All contact information entered by the User in the Order, as well as other personal data transmitted by the User to the Service, must be up-to-date and completely accurate.
3.3. It is strictly prohibited for the User to create orders using anonymous proxy servers or other anonymous connections to the Internet.
4. As part of the AML policy, the Service has the right to investigate the origin of funds in the event that the cryptocurrency sent by the Client has a “High Risk Score” or is associated with illegal sources. To confirm the origin of funds, the Service Administration has the right to:
4.1. Suspend the execution of the User’s exchange transaction.
4.2. Request from the User documents identifying their identity:
— a photo of one of the documents (passport, ID card or driver’s license);
— a selfie with this document and a piece of paper on which the date and signature will be handwritten;
— residential address;
— email address;
— social media contact;
— phone number.
4.3. Request from the User complete information about how the funds were received and other payment information:
— (if possible) screenshots from the wallet/platform history of the sender, as well as links to both transactions in the explorer;
— what service the funds were received for;
— the amount of the transaction, as well as the date and time of its execution;
— through which contact person the Client communicated with the sender of the funds (if possible, provide screenshots of the correspondence with the sender, where you can see confirmation of the transfer of funds).
4.4. If the conditions for document submission are not met, the service reserves the right to refuse service provision and initiate a refund to the sender’s details within seven banking days.
5. In the event of a blockage due to high risk or official investigation, funds will be held until the User completes the verification process or until the investigation is completed. For these purposes, the Service reserves the right to collect User identification information to comply with the AML Policy.
6. After confirming the user’s identity or completing the investigation, the Service may refuse to provide services to the User in situations where the Service is being used for illegal purposes.
7. The verification process starts from the moment the necessary data is received from the User and may continue until the review is completed in full.
8. All information provided by the User may be disclosed to the relevant authorities in the following cases:
— at the request of law enforcement agencies;
— by court order;
— in response to requests from Payment systеm administrations.
9. The Service reserves the right to unilaterally amend the Policy, including adding new requirements and restrictions. In this case, the new version of the Policy comes into effect from the moment it is posted on the Internet at “Bullup.ai” address.
10. By transferring funds to the Service wallet according to the Application, the User confirms their agreement to the terms of the AML/KYC Policy.
