Both the Company and Client are subject to Anti Money Laundering laws and regulation, applicable worldwide and locally.
The Client must be aware and declare that:
CoinBitCo does not tolerate money laundering and supports the fight against money launderers. Billing and clearing are governed by the Saint Vincent and the Grenadines.
The Company has policies in place to deter people from laundering money. These policies include:
Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.
Money Laundering usually follows three stages:
Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds A trading account can be used to execute financial transactions that help obscure the origins of the funds.
CoinBitCo directs funds withdrawals back to the original source of remittance, as a preventative measure.
International Anti-Money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect and report potential suspicious activity.
A. GOVERNMENT ISSUED IDENTIFICATION
Color copy of a valid Government issued Photo ID
Examples of accepted Photo ID: Driver’s License/ National Identity Card/ Passport.
Expiration date must be valid. The entire document must be present in the copy uploaded including full name, ID number, photo and expiration date.
B. PROOF OF ADDRESS
Color Copy of a valid Utility Bill as proof of your current address. This can be a payment request/receipt, sent to your legal address, such as Water/ Electric/ Gas/ Internet/ Land Line Phone bill, or a recently issued bank statement. In order for it to be approved, the utility bill/bank statement must be issued within the last 6 months of submission. The entire document must be present in the copy uploaded including your full name, address, issuance date and utility company logo.
C. CREDIT CARD
If a Credit Card was used to fund the account, we require front and back color copies of the Card.
Please follow the guidelines below for any uploaded file:
Depending on the deposit method, the company reserves the right to request additional documentations to ensure the proper client verification.
We accept the following formats: jpg, jpeg, png, gif, pdf, and doc. You can submit the documents via our website (requires you to log in), or by email to our compliance department at [email protected]. We do not accept compressed formats or links. Please ensure the documents are clear and legible.
Upon submission, you will receive an email stating whether the account has been verified or not. Please note, additional documents may apply to conduct further billing procedures, please contact Customer Support for details.
Please not as of now we are not accepting any customers from the following regions due to sanctions: Balkans, Belarus, Burma, Ivory Coast, Cuba, Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Syria, and Zimbabwe
These guidelines have been implemented to protect CoinBitCo and its clients.
For questions/comments regarding these guidelines, please contact us at [email protected]