AML Policy

1. The service COINSONIC adheres to practices and measures in the area of counteracting the legalization (laundering) of proceeds obtained through criminal activities and financing terrorism (AML).

2. The aim of these measures is to demonstrate that COINSONIC takes any attempts to use its service for illegal purposes seriously.

3. The service COINSONIC warns users against attempting to use the service COINSONIC for money laundering, financing terrorism, committing any kind of fraud, or using the service to purchase prohibited goods and services.

4. To prevent illegal operations, the service COINSONIC sets specific requirements for all requests created by the User:

4.1. The sender and the recipient of the payment in the request must be the same person. Transfers to third parties are strictly prohibited when using the service.

4.2. All contact details entered by the User in the request, as well as other personal data provided by the User to the Service, must be up-to-date and fully accurate.

4.3. Creating requests using anonymous proxy servers or any other anonymous connections to the Internet is strictly prohibited.

5. If the administration of the service COINSONIC has reasonable suspicions that the user is attempting to use the services of the Service for money laundering or for conducting any other illegal operations, the administration has the right to:

• suspend the user’s exchange operation;
• request identity documents from the user;
• request other information related to payments;

6. All information provided by the client may be transmitted to the relevant authorities in the following cases:

• at the request of law enforcement agencies;
• by decision of courts of various instances;
• at the request of Payment System administrations;

7. The service COINSONIC, its administration, employees, and domain owners are not responsible for the improper use of the service by third parties, the actions of malefactors, and any possible damage related to the use of the COINSONIC service.

8. The service COINSONIC warns users against attempting to use the service COINSONIC for money laundering, financing terrorism, as well as using the service to purchase prohibited goods and services.

9. In light of the above, the service COINSONIC does not bear any legal responsibility for its use for money laundering, financing terrorism, or purchasing prohibited goods and services, but commits to taking all possible and available actions to prevent attempts to use the service WM.express for money laundering, financing terrorism, or purchasing prohibited goods and services.

10. By making an exchange, the User agrees to all the terms of these rules and undertakes to comply with them.