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Notification of Customer Identification and Other Relevant Information for Electronic Payment Methods or Digital Assets
In accordance with the Anti-Money Laundering (AML) regulations, our company is obligated to notify the transferee of your identification and other relevant information when transferring electronic payment methods or digital assets. This notification is a crucial step in ensuring compliance with AML rules.
Establishment of System for Proper Confirmation
To properly perform confirmation at the time of transaction, our company has established a system for education and training, as well as maintenance of rules and regulations. This system ensures that all relevant personnel are equipped to identify and report suspicious transactions promptly.
Reporting Suspicious Transactions
Our company is required to report suspicious transactions to the competent supervisory agency, such as the Financial Services Agency. The factors that trigger the requirement to report suspicious activity include:
- Suspicion of property received in transactions being proceeds from crime
- Customer suspected of concealing proceeds from crime
The reporting process involves a thorough examination of transaction records and other relevant information, including past confirmation and transaction records.
Confidentiality Requirements
Our company is prohibited from divulging to customers or other related parties involved in the transactions that we intend to notify or have notified suspicious transactions. Any violation of this confidentiality obligation may result in administrative sanctions and criminal penalties. Additionally, public officials who receive notifications are subject to the obligation of confidentiality under the National Public Service Law.
Contact Information
If you have any questions or concerns regarding our AML compliance procedures, please do not hesitate to contact us at [insert contact information].
We appreciate your understanding and cooperation in this matter.