Anti-Money Laundering and Know Your Customer Policy of Mirai Limited
Updated from January 10,2023
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This Anti-Money Laundering and Know Your Customer Policy (hereinafter –
the “AML/KYC Policy”) of Mirai Limited. (hereinafter referred to as
“Company”), a company duly incorporated under the laws of Malta having
its registered office at AVENUE 77 Block E Level 2, COMMERCE STREET,
ZONE 3, CENTRAL BUSINESS DISTRICT, BIRKIRKARA, CBD 3010 reflects
main provisions of Company`s compliance policies designated to prevent
and mitigate possible risks of the Company being involved in any kind of
illegal activity.
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Both international and local regulations as well as Company`s agreements
and policies require from the Company to implement effective internal
procedures and mechanisms to prevent money laundering, terrorist
financing, drug and human trafficking, proliferation of weapons of mass
destruction, corruption and bribery and to take action in case of any form of
suspicious activity from its Clients.
VERIFICATION PROCEDURES
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One of the international standards for preventing illegal activity is customer
due diligence (“CDD”). According to CDD, the Company establishes its own
verification procedures within the standards of anti-money laundering and
“Know Your Customer” frameworks.
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Company`s identity verification procedure requires the Client to provide the
Company with reliable, independent source documents, data or information
(e.g., national ID, international passport). For such purposes the Company
reserves the right to collect Client’s identification information for the
AML/KYC Policy purposes.
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The Company will take steps to confirm the authenticity of documents and
information provided by the Clients. All legal methods for double-checking
identification information will be used and the Company reserves the right
to investigate certain Clients who have been determined to be risky or
suspicious.
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The Company reserves the right to verify Client’s identity in an on-going
basis, especially when their activity seemed to be suspicious (unusual for
the particular Client). In addition, the Company reserves the right to
request up-to-date documents from the Clients, even though they have
passed identity verification in the past.
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Client’s identification information will be collected, stored, shared and
protected strictly in accordance with Company`s Privacy Policy and related
regulations.
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Once the Client’s identity has been verified, the Company is able to remove
itself from potential legal liability in a situation where its Services are used
to conduct illegal activity.
ANTI-MONEY LAUNDERING POLICY
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The Company enforces a strict anti-money laundering policy with zero
tolerance for money laundering activities. We define money laundering as
any activity that is carried out in an attempt to misrepresent the source of
funds actually acquired through illegal processes as funds that were
acquired through lawful sources/activities.
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All Company`s clients are obligated to comply with this anti-money
laundering policy and with all applicable anti-money laundering laws.
Failure to comply can result in severe consequences such as criminal
penalties and heavy fines.
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The Company ensures complete compliance with laws pertaining to anti
money laundering through its related policy.
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All Clients acknowledge, undertake and agree to the following terms
regarding their use of the Mirai Platform and website:
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The Client will comply (throughout the time as a Company`s client) with
all relevant statutes pertaining to money laundering and proceeds from
criminal activities.
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The Company operates under certain obligations known as “know-your-
client” obligations which grant the Company with the right to implement
anti-money laundering procedures to help detect and prevent money
laundering activities where money laundering may mean to handle any
funds associated with any illegal activity regardless of the location of such
activity.
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The Client agrees to lend full cooperation to the Company with respect
to anti-money laundering efforts. This involves providing information that
the Company requests to help the Company to perform its duties as
dictated by Applicable laws regardless of jurisdiction.
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The Company reserves the right to delay or stop any services provision,
any subscriptions to Mirai Platform if there is reason to believe that any
transaction may result in the violation of any applicable law or is contrary
to acceptable practices.
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The Company has the right to use client information for the investigation
and/or prevention of fraudulent or otherwise illegal activities.
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The Company has the right to share client information with:
A. Investigative agencies or any authorized officers who are helping the
Company to comply with applicable law, including anti-money laundering
laws and know-your-client obligations;
B. Organizations that help the Company to provide the services it offer to
its clients;
C. Government, law enforcement agencies and courts;
D. Regulatory bodies and financial institutions.
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The Company adopts two stages of Client verification process to ensure
stricter anti-money laundering activity:
A. Know-your customer measure. It shall be passed only once. However, the
Company retains a right to require you to pass through it at any time if the
Company believes that information you provided before is incomplete or
inaccurate or if the Company believes that somebody stole your Account
credentials.
B. AML verification of Client`s payment data. Client shall pass through AML
verification of Client`s documents, confirming source of funds to ensure its
origin.
KNOW YOUR CUSTOMER (KYC) AND AML VERIFICATION
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The Client acknowledges that he/she/it has to complete a KYC check before
the subscription to Mirai Platform, which must be in form and substance
satisfactory to the Company. KYC check is carried out during your use of the
Service by providing necessary information with regard to identification of
the Client, beneficial owner and origin of the funds, the scope and type of
information depending on the type of Client.
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Appropriate documents for verifying the identity of Client include, but are
not limited to, the following:
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For an individual Client: a high resolution scanned copy or photo of
pages of a passport or, for citizens of EU, any other national ID, indicating
family name and name(s), date and place of birth, passport number, issue
and expiry dates, country of issue and Client’s signature.;
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For a corporate Client: a high-resolution copy of documents showing the
existence of the entity, such as Certificate of Incorporation, and, where
applicable, Certificate of Change of Name, Certificate of Good Standing,
Articles of incorporation, etc.
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The Client is obliged to collaborate with regard to the AML/ KYC check and
to provide any information and document deemed necessary by the
Company.
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The Company may reject any Client in its sole discretion without being
obliged to disclose any reason for the rejection.