CryptoRocket27 (“the Company”) aims to prevent, detect and not knowingly facilitate money laundering and terrorism financing activities. The Company does this to protect its reputation, to comply with relevant laws and requirements, as well as to be a good corporate citizen. The Company also aims to comply with anti-money laundering (“AML”) and counter-terrorism financing (“CTF”) recommendations in a way that complements business priorities.
These policies are to be read by and adhered to by all employees and officers of the Company. Any employee found not to be adhering to these policies and procedures will face severe disciplinary action. It is the policy of the Company and its Collaborators to prohibit and actively prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities.
Due to the cross-border nature of the transactions the international legal framework for anti‐money laundering consists of a number of sources represented by international conventions, the FATF Recommendations, European as well domestic law provisions. The following list the main reference rules for the Company, in relation to the countries in which it operates under the right of establishment.
Recommendations of FATF – FATF IX Special Recommendations, FATF 40 Recommendations.
They represent the fundamental standards on preventing and combating money laundering and terrorism financing, to which other international bodies, the European Union and individual Member State refer.
EU Directive – 2015/849 – IV Anti‐ money laundering.
It sets out measures for preventing and combating money laundering and terrorism financing, acknowledging, over time, the evolution of international standards with the aim of achieving a harmonised regulatory environment between the Member States.
St. Vincent and the Grenadines has implemented a package of legislation aimed at detecting, preventing, and prosecuting money laundering and other serious crimes as well as confiscating the profits of crime. The legislative measures reflect international best practices and take account of the 40 Recommendations of the Financial Action Task Force (FATF) on money laundering and the 19 Recommendations of the Caribbean FATF. The regulatory body with the mandate to supervise the offshore financial sector is the Financial Services Authority.
The above-mentioned provisions are likely to be amended / integrated / replaced following the full transposition ‐ in the jurisdictions in which the Company operates – of EU Directive ‐ 2015/849 “IV Anti‐Money Laundering Directive”.
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