AML KYC Policy
As a provider of virtual currency payment processing and exchange Services, 51 Pegasi is fully committed to conducting due diligence on our clients and ensuring that all applicable laws and regulations necessary to forestall and prevent money laundering. These include confirming the identity of our sellers and buyers by means of:.
- Government-issued photo ID;
- Proof of residential or business address;
- Corporate documentation;
- Business registration information;
- Tax Identification Document;
- Employer Identification Number;
- Any other applicable documentation.
Furthermore, we reserve the right to conduct enhanced due diligence on all clients given worldwide approved risk-based policies. Please note that 51 Pegasi Ltd reserves the right to refuse a transaction or deny operation on a client or account at any time should suspicion arise that it may be connected to money laundering, criminal activity or any other predicate offence to money laundering. 51 Pegasi Ltd will not enter into any business arrangement with anyone or group suspected of or directly involved in money laundering, or where funds have been sources or ends of an illegal activity.
In the event that 51 Pegasi Ltd receives, during its request for documentation, deceptive documentation, contact details, business description or other false information, 51 Pegasi Ltd will terminate the offending account. 51 Pegasi Ltd is legally bound to report such misdemeanours to the relevant authorities, and as such the subject, business and its owners may be the subject of a criminal investigation.
Providing false, doctored, or deceptive documents is considered as fraud and will be treated as such. Tax Evasion and Fraud is a predicate offences to money laundering, and therefore, all assets derived from fraudulent transactions or suspicious activity may be seized and forfeited.
51 Pegasi Ltd Counter-Terrorism Financing Statement (CTF)
As part of the information that is collected during our verification and AML procedures, 51 Pegasi Ltd conducts verification through worldwide databases. At the forefront, they will include global sanctions reports and government watch lists and rigorous screening processes. At any time, due to a requirement to satisfy any of the above verification methods, a client, business entity or any of the business entity owners or affiliates may be asked for a specific document or piece of information to confirm their identity or provide additional information regarding any transaction, operations or even business dealings with certain individuals, institutions and dealings in geographical locations.
Should a situation arise where the nature of the business, geographically specific regulations or account activity fall in the scope of non-compliance in any applicable law or regulation, 51 Pegasi Ltd will inform the client, business unit or any of the business owners or affiliates of the event and occurrence. For such instances, pre-verification and enhanced due diligence will be required prior to regaining active account status. In cases, where compliance is not achieved by pursuing remediation measures, 51 Pegasi Ltd will see fit to terminate the account and may report the event and surroundings to the applicable law enforcement and regulatory authorities.