Please read the following rules and agreements carefully before signing into the services that we offer.
Anti-money Laundering and Know Your Customer Policy
The purpose of the Cardinal Holdings Limited Anti-Money Laundering and Know Your Customer Policy (hereinafter - the “AML/KYC Policy”) is to identify, prevent and mitigate possible risks of Cardinal Holdings Limited being involved in illegal activity.
In conformity with international and local regulations Cardinal Holdings Limited has implemented effective internal procedures to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery and to react correspondingly in case of any form of suspicious activity from its Users.
AML/KYC Policy includes Verification procedures, Compliance Officer, Monitoring Transactions, and Risk Assessment.
Cardinal Holdings Limited will take steps to confirm the authenticity of documents and information provided by Users. All legal methods for double verification of identification information will be used, and Cardinal Holdings Limited reserves the right to investigate the cases of certain Users whose identities have been identified as dangerous or suspicious.
Cardinal Holdings Limited reserves the right to verify the identity of the User on an ongoing basis, especially when its identification information has been changed or its activities appear suspicious (unusual for a particular User). In addition, Cardinal Holdings Limited reserves the right to request from the Users current documents, even if they have been authenticated in the past.
After confirming the identity of the user, Cardinal Holdings Limited may refuse potential legal liability in a situation where the company's services are used to conduct illegal activities.
Users who intend to use payment cards for the purpose of consuming services must undergo a card check in accordance with the instructions available on the Cardinal Holdings Limited website.
The Compliance Officer is entitled to interact with law enforcement, which are involved in prevention of money laundering, terrorist financing and other illegal activity.
The Users are known not only by verifying their identity by analyzing their transactional patterns. Therefore, Cardinal Holdings Limited relies on data analysis as a risk-assessment and suspicion detection tool. Cardinal Holdings Limited performs a variety of compliance-related tasks, including capturing data, filtering, record-keeping, investigation management, and reporting. System functionalities include:
Daily check of Users against recognized “black lists” (e.g. OFAC), aggregating transfers by multiple data points, placing Users on watch and service denial lists, opening cases for investigation where needed, sending internal communications and filling out statutory reports, if applicable;
Case and document management.
However, the above list is not exhaustive and the Compliance Officer will monitor Users’ transactions on a regular basis in order to define whether such transactions are to be reported and treated as suspicious or are to be treated as bona fide.
If necessary or authorized by law, we may disclose your personal information to regulatory organizations, law enforcement agencies, courts or other public authorities. We will make an effort to inform you about legal demands for your personal information except the cases when it is prohibited by law or court order or the inquiry shall be handled within the shortest period of time.