This policy is the Anti Money Laundering (AML) Policy by Greenpaper inc
The purpose of this AML is to ensure not only Greenpaper is compliant with current legislation and requirements, but also to show that they take any form of illegitimate use of their services seriously.
Money laundering is where proceeds of crime are disguised so to give the appearance of a legitimate income. Greenpaper inc will not tolerate any client abusing its services for such matters.
In accordance with the current industry best practice guidelines, Greenpaper inc. has:
Established a risk based approach towards assessing and managing the money laundering risks to the business;
Established and maintain risk based customer due diligence and obtain identification and proof of address in accordance with KYC (know your customer) which includes enhanced due diligence checks for customers which may present a higher risk, this will be determined at the sole discretion of Greenpaper inc;
Established and maintain risk based systems and procedures to monitor ongoing client activity;
Have procedure for flagging and reporting suspicious activity.
Any client is subject to frozen their account when Greenpaper inc. suspect any fraudulent activity or any activity, which may be related to money laundering, and if Greenpaper inc. suspects any client is abusing its services for the purposes of money laundering, it reserves therigh to suspend the users account and freeze any funds pending the outcome of an internal investigation. Greenpaper inc. reserves the right to report any suspicious activities to the police or relevant authorities without the client's knowledge.
As part of our AML policy, we ensure that any client agreeing to use our service, is also prepared to provide any of the following.
Documentation in the event that a bank or government agency suspects illegal activity:
Copy of Passport
Alien Registration Card or Driving License
Certificate of Residence
Recent Bank Accountant Statement
If any of the above documents are requested, prior to sending them to us we require them to be certified as a true copy of the original by a Solicitor or Lawyer who must use their company stamp. we also require the documents to be sent to us in high definition format. we reserve the right to reject any documents, which do not comply with the above.
We reserve the right to require additional information at any time to verify the client's identification and any further information that may be required to satisfy the Money Laundering Regulations.
Business Registration 225-87-00518 | Communication Sales Registration 2017- Seoul Gangnam-gu 00592 Greenpaper inc., | 425 Teheran-ro Samsong-dong Shinil building F5 Gangnam-gu