AML Policy

Anti-money Laundering Policy (AML Policy)

The BitHope Foundation is an obliged person under the Law on Measures against Money Laundering and as such must design and implement Internal Rules for control and prevention of money laundering activities. The Internal Rules represent BitHope Foundation’s policy regarding the detection, prevention and reporting regarding all attempts to use its websites and/or services to illegally launder money, to finance illegal activities such as terrorism and drug trafficking, or to commit fraud.

Through the website, the BitHope Foundation offers willing donors (local or international) the ability to donate bitcoins. People can browse through the different categories of active campaigns, select a charitable cause they associate with and donate an amount of bitcoins in accordance with their preferences.

The BitHope Foundation recognizes that decentralized and distributed digital currency and payment systems in which payments are processed and secured by advanced cryptography and distributed computing power instead of a central bank, corporation or government pose a risk of illegal uses (as do all financial systems). The BitHope Foundation believes, however, that the legitimate use of math-based currency networks provide untold benefits and efficiencies within the global economy, especially in relation to charitable giving to small-size campaigns. Accordingly, the BitHope Foundation has implemented this Policy and its accompanying Internal Rules to assess the specific risks posed by the Foundation’s innovative service and to establish specific controls to address those risks as required by law.

It is the BitHope Foundation's policy to comply with applicable laws and regulations regarding AML, and to detect and prevent the use of its websites and/or services for money laundering or to facilitate criminal or terrorist activities. While the BitHope Foundation is committed to protecting its users' privacy, it will not allow people to use its websites and/or services to launder money, commit fraud or other financial crimes, finance terrorist activities, or facilitate other illegal conduct.

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