Preventing Money Laundering and Financial Crimes

Money laundering involves the illegal conversion of illicit funds, such as those obtained through terrorism or corruption, into legitimate assets to conceal their origins. This occurs as illegal funds are integrated into the financial system through various means.

Governments worldwide combat money laundering and terrorist financing to safeguard their economies. Financial institutions are particularly susceptible to exploitation by criminal organizations, especially in the realm of digital currencies. Our company, Sithakol, is committed to actively combating these illicit activities on a global scale.

Our Strategies Include:

1. Conducting thorough client identity verification and transaction monitoring.

2. Tracking suspicious user activity and transactions conducted under irregular circumstances.

3. Exercising the right to request additional verification or halt transactions suspected of illegal activity or money laundering.

4. Adhering to international AML (Anti-Money Laundering) standards as set forth by the FATF (Financial Action Task Force).

To combat suspicious activities and ensure client verification, our team regularly updates our electronic systems in compliance with evolving regulations. Additionally, we conduct ongoing staff training to enhance our anti-money laundering capabilities.

Policy on Multiple Accounts

Our platform strictly prohibits the use of multiple accounts.

Upon detection of multiple accounts linked to a single user, all accounts will be temporarily disabled. The user will be required to designate one active account, while the remaining accounts will be permanently blocked.

If we identify multiple accounts created to circumvent our payment method limitations, we reserve the right to request additional verification from the user. Failure to provide the requested information may result in a refund of the payment to the original sender, with applicable transaction fees retained.

Required and Supported Documents

The following documents may be required for verification on our platform:

Identity Verification:
  • Valid International Passport
  • Government-issued Identity Card
  • Government-issued Driver's License
  • Selfie with an Identity Document
Address Verification:
  • Utility bill or Bank Statement, issued within the last 6 months
  • Both paper and electronic versions are accepted
  • No alterations to the documents are permitted
Additional Verification Documents:
  • Photo of Credit Card (in specific cases, applicable for Debit/Credit Card transactions)
  • Selfie with Credit Card (in specific cases, applicable for Debit/Credit Card transactions)
  • Photo with printed or handwritten declaration (in specific cases, for high-value transactions)

Please ensure all required documents are provided in high quality, with legible text and no alterations. Any modified or unclear documents may be rejected, requiring submission of new, unaltered copies.

Contact Us

For inquiries regarding our Anti-Money Laundering and Know Your Customer Policy, please contact us at: