AML stands for Anti-Money Laundering, which refers to measures against money laundering. It is a mandatory process that must be followed by all financial institutions and service providers that work with users' money.
In practice, this means that we need you to fill out a short form where you state, for example, the source of your income and answer a few simple questions about your financial situation. This process only occurs when you reach your first investment milestone and are about to purchase bitcoin.
The reason for this is to protect both you and us:
We comply with laws and regulations. European and Czech regulations require us to perform AML checks.
We prevent misuse of the service. Verification helps prevent the app from being misused for fraud or illegal transactions.
We ensure the security of your account. Thanks to AML, we know that it is really you who is saving with the application, and not someone else.
We understand that filling out the form may seem like a delay, but in reality it is a short and simple step that you can complete in a few minutes.
The information is used solely to verify compliance with regulations and is processed securely.
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