We are committed to full compliance with all applicable laws and regulations regarding Anti- Money Laundering (“AML”). Our company’s policy is to prevent people engaged in money laundering, fraud, and other financial crimes, including terrorist financing, from using the company’s services.
BE is a trustworthy brand, and the same is reflected through its corporate compliance and strict intolerance against any activity that could cause suspicion of illegal or criminal activity. We expect the same or higher level of diligence from our business partners, Publishers and Advertisers.
Our company has robust policies and procedures to detect, prevent and report suspicious activity. To comply with OFAC (Office of Foreign Asset Control) requirements, and global sanctions, we screen our customer accounts against government watch lists. In addition, we may request our customer (if required) to provide us with documentation to help prove his/her identity for verification purposes.
As part of our AML procedures, we collect information from the customer to satisfy our Know Your Customer requirements. This means that we may request information from the customer due to a specific identification requirement or because of our watch list screening process. We may ask the customer to provide documentation to help confirm his/her identity and may ask for this information during account opening or as part of our account review process which we periodically conduct on our existing customers.
The company ensures that satisfactory evidence is produced or such other measures that will produce satisfactory evidence of the identity of any customer or counterparty are taken. The company as well applies heightened scrutiny to customers, who are residents of other countries, identified by credible sources as countries, having inadequate AML standards or that may represent a high risk for crime and corruption and to beneficial owners who resides in and whose funds are sourced from named countries.
The customer confirms that he/she is not aware of any fact and has no reason to suspect that:
The customer undertakes to provide additional information and assistance and comply with all reasonable requests to facilitate our company’s compliance with Anti-Money Laundering legislation and regulations.
The company reserves the right to refuse to process a transaction at any stage when it believes the transaction to be connected in any way to money laundering or criminal activity. The company also reserves the right to provide all such information regarding the customer in relation to its obligations to, or in response to any requests (whether legally binding or not) by, a relevant regulatory body. In accordance with international law, the company is not obligated to inform the customer that they were reported to the corresponding governing bodies due to suspicious activity.
Please write to our Legal Team for more details on our AML Compliance.
Last Updated on 23rd June 2022.