The purpose of this document is to specify legal grounds of our work and to clarify limits of our responsibility. This document applies to this website https://bilionex.com and all our products and services offered at the www.bilionex.com
Limitation of liability regarding content on the Website www.bilionex.com
The Website www.bilionex.com may include advertisements and links to external sites and co-branded pages or promote websites or services from other companies or offer you the ability to download software or content from other companies in order to provide you with access to information and services which you may find useful or interesting. We do not endorse such sites nor approve any content, information, legal or illegal emails (whether spam emails or not), goods or services provided by them. We are not responsible for and does not control those websites, services, emails, content and software and cannot accept any responsibility or liability for any loss or damage suffered by you as a result of your use of its website and services or of such external and/or co-branded sites.
We are unable to exercise control over the security or content of information passing over the network, and we hereby exclude all liability of any kind for the transmission or reception of infringing or unlawful information of whatever nature.
We accept no liability for loss or damage suffered by you as a result of accessing the website and/or its services which contains any virus or which has been maliciously corrupted.
ANTI MONEY LAUNDERING ("AML") AND COUNTER TERRORIST FINANCING ("CTF") POLICY
Money laundering is defined as the process where the identity of the proceeds of crime is so disguised that it gives an impression of legitimate income. Criminals specifically target financial services firms through which they attempt to launder criminal proceeds without the firms’ knowledge or suspicion.
In response to the scale and effect of money laundering, the European Union has passed Directives designed to combat money laundering and terrorism. These Directives, together with regulations, rules and industry guidance, form the cornerstone of our AML/CTF obligations and outline the offenses and penalties for failing to comply.
We are currently unregulated and does not fall within the scope of the AML/CTF obligations, the senior management have implemented systems and procedures that meet the standards set forth by the European Union. This decision reflects the senior management’s desire to prevent money laundering and not be used by criminals to launder proceeds of crime.
ANTI-MONEY LAUNDERING (AML) POLICY:
This AML Policy is designed to prevent money laundering by meeting the European standards on combating money laundering and terrorism financing, including the need to have adequate systems and controls in place to mitigate the risk of the firm being used to facilitate financial crime. This AML Policy sets out the minimum standards which must be complied with and includes:
Appointing a Money Laundering Reporting Officer (MLRO) who has a sufficient level of seniority and independence, and who has responsibility for oversight of compliance with the relevant legislation, regulations, rules and industry guidance;
Establishing and maintaining a Risk-Based Approach (RBA) to the assessment and management of money laundering and terrorist financing risks faced by the firm;
Establishing and maintaining risk-based Customer Due Diligence (CDD), identification, verification and Know Your Customer (KYC) procedures, including enhanced due diligence for customers presenting a higher risk, such as Politically Exposed Persons (PEPs);
Establishing and maintaining risk-based systems and procedures for the monitoring of on-going customer activity;
Establishing procedures for reporting suspicious activity internally and to the relevant law enforcement authorities as appropriate;
Maintaining appropriate records for the minimum prescribed periods;
Providing training for and raising awareness among all relevant employees.