Preventing Money Laundering
1. What Is Money Laundering?
Money laundering is the process of disguising illegally obtained funds—such as profits from crime, corruption, or fraud—to make them appear legitimate. Criminals use complex schemes, including fake businesses, offshore accounts, and even stolen identities, to “clean” dirty money.
Similarly, terrorism financing involves providing funds (knowingly or unknowingly) to individuals or groups involved in terrorist activities. This can include direct financial support, fundraising, or even legitimate businesses funneling money to extremist organizations.
Real-world risks:
Fraudsters may use stolen identities to open accounts, putting innocent people at risk.
Illegal funds can enter the financial system through seemingly normal transactions.
2. Global Fight Against Financial Crime
Governments and financial institutions worldwide enforce strict anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. These laws require businesses like Solver99 to:
✔ Verify client identities (Know Your Customer – KYC)
✔ Monitor transactions for suspicious activity
✔ Report potential violations to authorities
Our commitment:
At Solver99, we fully comply with AML/CTF laws, working closely with regulators to prevent financial crime.
3. How We Verify Your Identity
To protect both you and the financial system, we conduct identity checks:
During registration
Before processing withdrawals
Periodically for ongoing monitoring
What you’ll need to provide:
✅ Government-issued ID (passport, driver’s license)
✅ Proof of address (utility bill, bank statement)
✅ Additional documents if required
Verification may take a few business days—we appreciate your patience as we ensure a secure trading environment.
4. Your Privacy Matters
All personal data collected is handled under strict confidentiality and in line with our Privacy Policy.
Important:
Verification is a legal requirement, not an accusation.
Your cooperation helps combat financial crime globally.
By working together, we can keep the financial system safe and transparent.
