Culture Capital

AML

Anti-Money Laundering(AML) Policy

An anti-money laundering policy

Money laundering is the act of making a financial transaction that converts money obtained from illegal activities into money that appears to have been obtained through legal means. The goal of this activity is to hide illegal sources of money, including cash amounts. As a result, national and international laws make it illegal for Culture Capital LLC and its employees to knowingly or recklessly participate in such illegally obtained capital-related activities.

Implemented Procedures

Culture Capital LLC has strong anti-laundering policies in place to minimize procedural complexity for authentic and legitimate customers to identify customers based on certain criteria for these doubts. To fulfill its commitment to provide full support to governments fighting these illegal financial transactions, Culture Capital LLC has developed a technologically advanced and reliable electronic system that fully identifies its customers and maintains a detailed record of all previous financial transactions. Culture Capital LLC tracks all suspicious activities and reports them to relevant law enforcement agencies. The result is full legal protection for customers who share confidential financial data with the company. To prevent money laundering and related illegal activities, Culture Capital LLC, Inc. does not conduct cash transactions for money deposits or withdrawals. Our company has the right to stop all transactions even if money laundering is suspected.

compliance system

Like other financial institutions, Culture Capital LLC has established compliance to meet official legal requirements. This includes appointment of compliance officers, policy making, regular review of implementation and impact, and professional compliance training for regime staff. Culture Capital LLC also regularly updates its electronic systems with the latest rules and regulations developed for more sophisticated inspections to track money laundering and other criminal financing practices. It provides professional training to employees of Culture Capital LLC to track these illegal activities and use state-of-the-art technology systems, which form part of Culture Capital LLC’s required policies.

Additional disclosure

ID

To fully comply with anti-money laundering laws, Culture Capital LLC requires two types of documents for satisfactory identification and verification of customer accounts. The first is a government-issued document with a picture of the customer. It may be a passport, driver’s license, or general identification card that must be issued by the government. The second is a bill or document with complete name and address information. It can be a utility bill, bank statement, statement, or any other type of bill that contains the correct personal information (name and address). The proof of residence must not exceed 3 months. In addition, Culture Capital LLC must submit an electronically signed application. Customers are also required to inform the cash tree of changes to their personal information. If a document is written in a non-Western language, it must first be translated into English by an official translator, who must be formally signed, sealed and submitted along with other relevant documents and photos of the customer.

Deposit and withdrawal

For deposits, the name of the sender must match the name of the customer on the record of Culture Capital LLC. In this case, Mr. A cannot deposit in his name for Mr. B because he cannot broker a third party. Similarly, in the case of withdrawal, the name of the recipient and the name of the account to be withdrawn must match. Money. If the transaction is online money, funds are withdrawn to the same account where funds are transferred only through the same online transfer system.