This Anti-Illegal Activity Policy (hereinafter referred to as “AIA Policy”, or “Policy”) outlines the provisions and predefined procedures after which B.T.I.S. Group LTD. (Blockchain Technology Innovative Solutions) (hereinafter referred to as “EasyBit”, “we”, “Us”, “Our”, or, “Service”) is preventing any illegal activity from occurring and ensuring compliance with all applicable laws and regulations related to AML/KYC (referring to “Anti Money Laundering” and “Know Your Customer” respectively).
We strive to promote security for our clients and protect them from any fraudulent activity. In this regard, our team has developed an internal AML/KYC procedure backed up by an automated risk-based approach. Our system is making multiple checks in a variety of criteria and is proved to be very effective in identifying suspicious transactions. If a transaction scores high in our risk system, it is put “On Hold” for a verification procedure to follow. In the last scenario, the client, whose transaction is put “On Hold”, is requested to pass a basic verification procedure.
By using our Services, you agree to pass verification procedures, which may be applied to you. As a part of such procedures, EasyBit, and partner mediating exchange service providers, if any, may request information and documents, aiming, but not limited, to identify the user, to prove the source of the funds, and to ascertain his/her compliance with our TOS, our partner’s TOS if any, along with any applicable law.
In a verification procedure, the users are usually requested to provide us with the following:
- A high-quality photo of his/her ID and/or passport, valid in their country;
- A high-quality photo of the user along with liveness checks (referring to random instructions to ascertain that the KYC was conducted per our request);
- Any other applicable documentation.
When we are provided with the requested documentation, the transaction will be processed or refunded, according to the preferences of the user.
In the event that the user fails to provide the requested documentation and/or what provided can not be deemed as authentic, EasyBit reserves every right to stop providing its services to the client.
The provided by the user documentation will be and securely stored according to the provisions of the applicable data protection laws and for so long as required by law. Such documents are never disclosed to anyone, excluding competent authorities, and only after their relevant official request.
EasyBit takes all necessary actions and measures, uses the best available practices, and the most efficient course of action in order to prevent any fraudulent - illegal activity from occurring. Subsequently, we do not engage in any way and refuse to develop any business relationship, and/or provide our services to any legal entity suspected of money laundering, terrorism financing, fraud, and any other illegal activities
If you have any questions related to our AIA Policy, feel free to contact our legal department at [email protected]