AML - ATF & Policy

1. General Provisions
   1. PayPlugHub, INC. (hereinafter referred to as the Company or PAYPLUGHUB.COM) provides web payment processing services.
   2. The Company fully adheres to the requirements set forth in local Anti-Money Laundering (AML) and Anti-Terrorism Financing (ATF) laws, as well as other applicable regulations relevant to its operations.
   3. The Company follows the policies and procedures outlined in this document (referred to as the Policy).
   4. The Company reserves the right to modify or update this Policy at its discretion and will ensure compliance with its provisions.
   5. The current version of this Policy is always available on our website: https://www.payplughub.com/aml-and-atf.
   6. By accepting the PAYPLUGHUB.COM Terms and Conditions, and engaging in transactions, the Customer acknowledges and agrees to the provisions of this Policy.
2. Compliance Officer
   1. The Company has appointed a Compliance Officer responsible for overseeing and implementing the procedures detailed in this Policy.
   2. The Compliance Officer is tasked with collecting, analyzing, and investigating any suspicious activities and training employees on the relevant procedures. They will also define the rules for Customer identification, monitoring unusual transactions, and ensuring the Company’s compliance with this Policy.
3. Customer Identification Policy

   For the identification of Customers, the Company requests the following documents:

   • Articles of Incorporation;
   • Registration certificate (Certificate of Incorporation);
   • Shareholders' Charter of the company;
   • Document confirming the authority of the person acting on behalf of the company;
   • Proof of identity (passport, driver's license, national identity card);
   • Proof of address (bank statement, utility bill);
   • Utility bill;
   • Good standing letter.
4. "Know Your Customer" Verification Procedures
   1. The Company conducts KYC verification to mitigate the risk of being involved in illegal activities and to protect itself from misuse by Customers.
   2. As part of the KYC process, the Company assesses Customer transactions and collects relevant information about Customers and their activities.
   3. Once the Customer identification process is complete, the Company retains the information in the Customer's file. Identification is conducted once per Customer.
   4. The Company is committed to safeguarding the privacy of its Customers' personal data. Personal information is only collected to the extent necessary for providing services, and it may be disclosed only in specific circumstances dictated by law or Customer agreements.
   5. Customer files, including transaction reports, statements, and other related documents, will be maintained for a minimum of 5 years from the date of the transaction.
5. Identification and Detection of Suspicious Activities
   1. Any financial transaction suspected of being related to money laundering will be flagged as suspicious.
   2. Suspicious activities may be identified through employee observations, information received, or red flags from various sources.
   3. The Compliance Officer will regularly review and update the systems used by the Company to detect suspicious activities.
   4. In compliance with applicable laws, the Company may report suspicious transactions to regulatory or law enforcement agencies without notifying the Customer.
   5. The Company will consult lists from local authorities and international organizations to check if a Customer or their country of residence is involved in terrorism or money laundering activities.
   6. The Company conducts ongoing due diligence to ensure Customer transactions align with known business practices, and when necessary, investigates the source of funds.
6. Third Parties
   1. The Company may engage third-party service providers for specific functions. The Company will conduct due diligence to assess whether any legal issues or investigations are pending against these providers, and whether they have the necessary licenses and approvals.
   2. The Company thoroughly reviews all potential employees to ensure their activities do not facilitate money laundering. In addition, staff members are trained on Customer identification procedures and anti-money laundering policies.
7. Civil and Criminal Penalties
   1. Violations of relevant AML and ATF regulations can result in severe civil and criminal penalties, including fines up to millions of dollars and lengthy prison sentences. Authorities may also confiscate assets involved in criminal violations.
   2. Companies may be held criminally liable for the actions of their employees. It is essential for Corporate Customers to ensure that their employees comply with these laws and regulations.
8. Compliance Statement
   1. The Corporate Customer (or their authorized representative) confirms they have read and understood this Policy and will fully comply with its provisions, as well as all applicable laws and regulations governing their activities.
   2. The Corporate Customer is responsible for ensuring their actions comply with the laws and regulations specified in this Policy.