SMMTruk — Anti-Money Laundering (AML) Policy

Effective Date: 20/10/2022
Last Updated: 11/12/2024

1. Introduction

SMMTruk.com is committed to preventing money laundering and terrorist financing on its platform. This AML Policy outlines the measures we apply to comply with applicable laws and regulations, and to maintain a secure and transparent environment for our users.

2. Scope

This Policy applies to all users, employees, contractors, and third-party service providers associated with SMMTruk.com. It covers all transactions and activities conducted through the platform.

3. AML Compliance Officer

SMMTruk has appointed an AML Compliance Officer responsible for:

• Implementing and enforcing AML procedures;

• Conducting periodic risk assessments;

• Receiving and evaluating suspicious activity reports;

• Reporting suspicious activities to relevant authorities where required;

• Overseeing AML training for staff.

4. Customer Due Diligence (CDD)

To mitigate financial crime risk, SMMTruk applies the following checks:

a. User Verification (KYC)

• Individual users must provide valid government-issued identification (e.g., passport, national ID, or driver’s license).

• Business users must provide company registration documents and proof of address.

• Users engaged in high-value or high-risk transactions will undergo Enhanced Due Diligence (EDD), which may include additional identity or source-of-funds documentation.

b. Ongoing Monitoring

• Transactions are monitored continuously for anomalous or suspicious patterns.

• User accounts are periodically reviewed for changes in risk profile or suspicious behavior.

5. Suspicious Activity Reporting (SAR)

If a transaction or account activity appears suspicious (for example, unusual payment patterns, inconsistent user information, or attempts to evade controls), SMMTruk will:

• Temporarily freeze or suspend the account pending investigation;

• Conduct an internal review and request additional information from the user as needed;

• File a report to the relevant Financial Intelligence Unit (FIU) or other competent authorities when legally required.

6. Record Keeping

SMMTruk maintains records of:

• User identification and verification documents;

• Transaction histories and related metadata (retained for a minimum of five years or as required by applicable law);

• Internal investigation notes and suspicious activity reports.

7. Prohibited Activities

SMMTruk strictly prohibits:

• Transactions linked to illegal activities (including fraud, financing of terrorism, drug trafficking, etc.);

• Use of anonymous or unverified payment methods (including unvetted cryptocurrencies) where they circumvent AML controls;

• Structuring or splitting transactions intentionally to evade reporting thresholds.

8. Employee Training

All relevant employees receive AML training so they can:

• Recognize indicators of suspicious activity;

• Follow internal reporting and escalation procedures;

• Stay informed about regulatory changes and evolving typologies.

9. Compliance with Global Regulations

SMMTruk aims to adhere to international standards and applicable local laws, including:

• FATF (Financial Action Task Force) Recommendations;

• EU Anti-Money Laundering Directives (where applicable);

• Local AML laws and regulations in the jurisdictions where SMMTruk operates.

10. Policy Review & Updates

This Policy is reviewed at least annually and updated as necessary to reflect regulatory changes, changes in business operations, or identified risk concerns.

11. Contact Information

For AML-related concerns or to report suspicious activity, contact:

AML Compliance Officer
Email: [email protected]