AMLC Policy

AML Policy

While not a financial company under Philippine law, Expresscoin™ abides by AML rules and practices found in the financial industry, and all Expresscoin™ employees handling customer transactions have been completed a course on anti money laundering recognized by the financial industry.

Money laundering can be defined as the process by which lawbreakers attempt to disguise the true origin of proceeds generated through criminal conduct, intending thereby to avoid prosecution and conviction, as well as confiscation of their ill-gotten funds. At Expresscoin™ we are determined to prevent our service from being used for these illegal activities, and will report any suspucious activity to the authorities.

Terrorism

As with money laundering, Expresscoin™ will report any activity suspected to be connected to the funding of terrorism to the relevant authorities.

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