Anti-Money Laundering (AML) Procedure
Our AML procedure applies to all users of our services, including our workforce and employees, who are entailed to comply with the applicable regulations of the relevant country of jurisdiction. In compliance with the prevention of money laundering, you acknowledge and accept the terms set forth in our Know Your Customer (KYC) Procedure.
Vlom strictly complies with the appropriate regulatory measures to prevent all parties involved in committing unlawful acts such as, but not limited to, money laundering, security frauds, terrorist financing, tax evasion, and other financial crime considered unlawful in the relevant country of jurisdiction.
You affirm that the money you use and invest in the Company is legally obtained, and is not involved or acquired in any way from drug trafficking, abduction, terrorist activity, financial fraud, launder, embezzlement, or any other unlawful criminal activity or to what is considered unlawful by any relevant authority. You acknowledge that legal consequences may be implemented if you are suspected or proven to be using funds from any illegal activity. We reserve the right to suspend or terminate your account upon suspected or proven illegal origination of funds without prior notice.
We may obtain and keep records of your financial transactions conducted through our website and through our respective bank affiliates and payment service providers (PSPs). You acknowledge that we may use these records as admissible evidence in any court, regulatory government, and/or authorities for any suspected or proven money laundering-related activities. We reserve the right to disclose such financial records to authorized third parties for lawful reasons and if deemed obligatory. All records shall be considered confidential within our workforce, wherein we are not obligated to provide you or any third party of such records or information.
In compliance with the regulations and conditions of our affiliated banks and PSPs, we strictly comply with their imposed transaction limits and funding restrictions. You are solely responsible for observing your transactions to avoid suspicious financial activities.
If a third party should perform a financial transaction on your behalf, you must provide a Power of Attorney (POA) with such transaction request subject to our approval. We reserve the right to decline or cancel any transaction without prior notice if it deems necessary. If any third-party transaction was not approved, such transaction may be considered invalid.