LEGAL FOOTER

The ownership of the website: diysen.com

Company Name: Altoray Limited

Address: Faidriadon, 12, NEARCHOU COURT 1, Flat/Office 51;

City: Limassol;

Trade Register number in: Cyprus

Registered Number : HE431587;

VAT : CY 10431587R;

Company director: Khaver Kurbanova

 

The legal person for the publication:

The Webmaster: Altoray Limited

Contact the Webmaster: [email protected]

 

Company contact details:

Main Institution Address: Faidriadon, 12, NEARCHOU COURT 1, Flat/Office 51;

Email address: [email protected]

The Site Builder: Altoray Limited

The Publishing Manager: Altoray Limited

Contact the person responsible for the publication: [email protected].

 

GENERAL REMARKS

Altoray Limited is a member locating in Cyprus of the European Union(hereinafter EU) and the FATF which is obliged to execute a legal line of responsibility and rules to implement the AML policies of FATF and EU. The reason for those laws is to detect and avert money laundering including potential terrorist financing.

This document describes Altoray Limited policy and precautionary measures for the detection and prevention of fraud or terrorism financing activity (hereinafter AML) within the products and services offered by Altoray Limited to its customers. Used Altoray Limited methods and approaches based on the Financial Action Task Force (hereinafter FATF) and Bank Secrecy Act (hereinafter BSA) guidance and recommendations.

Consequently, the terms of reference of Altoray Limited to implement AML procedures and compliance by the FATF recommendations and Cyprus AML regulations.

The policy and terms are provided for informational reasons only and are without legal recourse to Altoray Limited or any of company subsidiaries, officers or agents.

 

RISK-BASED APPROACH IN Altoray Limited

Identification of the AML risks of customers and transactions allow Altoray Limited to determine and implement relational measures to control and minimize these risks. Used risk criteria are the following: countries risk, customer’s risk. Altoray Limited identify clients who are held in countries having inadequate AML standards or that may represent a high risk of crime and corruption in accordance with FATF recommendations.

 

COMPANY PROCEDURES

In relation to FATF recommendations all procedures based on the risk-based approach. For AML compliance Altoray Limited implements next procedures:

AML Employee Instructions

AML instructions are set to acquaint employees with the process of money laundering — the criminal business used to cover up the true origin and ownership of illegal bills, the laws that make it a crime and approaches to investigate the suspected activity.

Clients Activity Monitoring

Taking into account fraudulence in the financial flows Altoray Limited demands on regular monitoring of the activity of every client to identify and prevent any suspicious transactions. This monitoring provides for identification inconsistent and untypical transactions usual client's transaction history known from previous client activity monitoring.

Due Diligence

Within the process of payment, each client has to provide personal information, including:

·        full name;

·        complete address (city and country);

·        phone number;

·        city code;

·        email.

Accordingly, before start providing services and products Altoray Limited assures evidence has proceeded or such other precautionary measures that will produce satisfactory evidence of the identity of any customer.

Record Keeping

Altoray Limited saves records of all documents and/or information received for the purpose of customer identification (KYC policy requirements). Altoray Limited reserves the right record keeping for a minimum of 5 years. FATF or other AML regulator can increase the period of the record keeping.
In the investigation suspected activity Altoray Limited reserves the right to provide the customer information of the law-enforcement agency and organizations responsible for controls AML laws.

 

Last update: 01.05.2020