AML Policy
AML Policy
In TRASTRA we take your safety and security seriously. Our Anti-Money Laundering (AML) policy is here to make sure our platform is used for honest and legal purposes. Let’s go through the basics:
1. Why We Have This Policy
2. Regulatory Requirements
3. Know Your Customer (KYC) Requirements
4. Extra Checks
5. Watching Transactions
6. Working together
7. Data Storage
Why We Have This Policy
The Anti-Money Laundering policy is a set of rules and regulations designed to prevent the illegal practice of making money generated by criminal activity, appear to be earned legitimately. We want to stop bad stuff like money laundering, fraud, and illegal activities on our platform. This policy applies to everyone using Trastra.
Regulatory Requirements
Compliance with AML regulations is not only a best practice but is also a legal requirement imposed by regulatory authorities. We follow the rules set by the Lithuanian government and international standards. Our AML procedures are designed to fit with the laws that regulate the cryptocurrency industry.
Know Your Customer (KYC) Requirements
To make sure everyone using our platform is who they say they are, we need some information from you. This includes things like your ID and proof of address. This helps us keep out unauthorized and fraudulent users.
Extra Checks
Sometimes, we might need to do extra checks such as requesting your source of income documents or asking for additional clarifications about your activity. This helps us understand more about our clients’ background and why they’re using our platform. Rest assured that this is a standard procedure that applies to many of our customers. This process is an integral part of our commitment to maintaining a secure and compliant financial environment.
Our AML procedure is supported by an advanced automated security system. This system helps us monitor transactions and account activities efficiently.
Watching Transactions
We actively keep track of all transactions on our platform. If we come across anything that seems unusual, our goal is to understand it better. We may reach out to you to clarify and make sure everything is okay. We aim to work together with our users to maintain a secure and transparent environment. Your cooperation helps us ensure the safety of everyone using Trastra.
Working together
We’re here to help you understand why these rules are important. We provide resources and explain things so you can use our platform safely. If you ever have any questions or concerns about our AML procedures or any other aspect of your Trastra experience, please feel free to ask questions throughout the experience. We are here to assist you every step of the way. Also, we appreciate your understanding and cooperation in adhering to our AML policy. Together, we contribute to a safer and more secure financial environment for everyone.
Data Storage
For regulatory reasons, we store the information you provide during the KYC process for a period of eight years. This helps us comply with legal requirements and ensures that our platform remains a secure space for all users. By choosing Trastra, you’re choosing a platform that cares about your safety and follows the rules to keep everything secure. We’re committed to making sure your experience with us is trustworthy and reliable.
