Anti-Money-Laundering Policy
Money laundering is the act of transforming money or other monetary instruments derived from any illegal activity into money or investments that appear legitimate, so that their illegal source cannot be traced. Persons involved in money laundering are known to use forged documents and false information in order to launder money through banking institutions. Thus, the main principle that underlies all other actions related to the prevention of money laundering and terrorist financing is the creation of a system for determining the identity of customers and conducting "Know Your Customer" procedures.
The purpose of the anti-money laundering procedures applied pMiracle Entertainment BV (hereinafter - the Company) - ensure that customers who carry out certain activities meet reasonable criteria, while minimizing the complexity of the process to confirm compliance and the impact on law-abiding customers.
Other fundamental principles of the system created to combat money laundering and terrorist financing are:
Mitigation of the Company's risks as an intermediary in money laundering and terrorist financing;
Compliance with the confidentiality status of information obtained in the course of activity. Protection of the Company from financial losses that may arise in connection with attempts to use the site for operations related to money laundering and terrorist financing;
Detection of transactions subject to mandatory control and detection of suspicious transactions, registration of such transactions and their detailed accounting, as well as provision of timely and comprehensive information to law enforcement agencies;
Ensuring continuous monitoring of compliance with the requirements established in the fight against money laundering and terrorist financing;
Participation of the Company's employees in the implementation of internal control programs aimed at combating money laundering and terrorist financing.