Anti-Money Laundering & Sanctions Policy
Anti-Money Laundering & Sanctions Policy
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This Anti-Money Laundering & Sanctions Policy (“AML Policy”) describes the measures implemented by Ready Cards Inc. (“Ready.cards,” “we,” “us,” or “our”) to prevent money laundering, terrorist financing, sanctions violations, and other illicit financial activity on or through the Ready.cards platform (the “Platform”).
This AML Policy forms part of, and is incorporated into, the Terms of Service and related legal agreements.
1. Purpose & Regulatory Alignment
Ready.cards is committed to maintaining a robust compliance framework aligned with applicable anti-money laundering and sanctions laws, including but not limited to:
U.S. Bank Secrecy Act (BSA)
USA PATRIOT Act
Office of Foreign Assets Control (OFAC) regulations
Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada)
EU AML Directives
UK Money Laundering Regulations
Ready.cards adopts a risk-based approach to compliance and reserves the right to exceed minimum legal requirements where appropriate.
2. Scope of Application
This AML Policy applies to:
All users of the Platform
All transactions, redemptions, and asset movements
All employees, contractors, and agents of Ready.cards
Compliance with this policy is a condition of access to the Platform.
3. Customer Identification & Verification (KYC)
Ready.cards requires all users to undergo identity verification prior to accessing certain features of the Platform.
Verification measures may include:
Government-issued identification
Proof of address
Biometric or liveness verification
Ongoing re-verification
Ready.cards may refuse service or restrict access where verification cannot be completed to its satisfaction.
4. Enhanced Due Diligence (EDD)
Enhanced due diligence may be applied to users deemed higher risk, including but not limited to:
Politically Exposed Persons (PEPs)
Users from high-risk jurisdictions
High-value or unusual transaction activity
Complex ownership or control structures
EDD may require additional documentation, source-of-funds verification, or ongoing monitoring.
5. Sanctions Compliance
Ready.cards strictly prohibits access by individuals or entities that are:
Listed on sanctions lists administered by OFAC, the UN, EU, or UK
Owned or controlled by sanctioned persons
Acting on behalf of sanctioned persons or jurisdictions
Ready.cards conducts sanctions screening at onboarding and on an ongoing basis.
6. Restricted & High-Risk Jurisdictions
Users located in, resident in, or otherwise subject to restricted or high-risk jurisdictions are prohibited from accessing the Platform.
Ready.cards maintains and updates a list of restricted jurisdictions based on regulatory guidance and internal risk assessments.
7. Transaction Monitoring
Ready.cards employs automated and manual monitoring systems to detect suspicious activity, including:
Unusual transaction patterns
Structuring or layering behavior
Rapid asset movement inconsistent with stated purpose
Attempts to circumvent controls
Monitoring occurs on an ongoing basis.
8. Suspicious Activity Reporting
Where required or appropriate, Ready.cards may file reports with relevant regulatory or law enforcement authorities, including Suspicious Activity Reports (SARs).
Users acknowledge that:
Such reports may be made without notice
Ready.cards is prohibited from disclosing the existence of SARs
9. Account Freezes & Enforcement Actions
Ready.cards reserves the right to:
Freeze accounts or assets
Delay or block transactions
Suspend or terminate accounts
Refuse redemption or withdrawal requests
Such actions may be taken without prior notice where necessary to comply with legal or regulatory obligations.
10. Prohibited Activities
The Platform may not be used for:
Money laundering
Terrorist financing
Sanctions evasion
Tax evasion
Fraud or misrepresentation
Any attempt to engage in prohibited activity will result in immediate enforcement action.
11. Recordkeeping
Ready.cards maintains records of:
Identity verification
Transactions
Compliance reviews
Records are retained for the duration required by applicable law and internal policies.
12. Cooperation with Authorities
Ready.cards cooperates fully with law enforcement, regulators, and competent authorities as required by law.
This cooperation may include disclosure of user information and transaction records without notice to the user.
13. User Acknowledgements
By using the Platform, users acknowledge and agree that:
Compliance reviews are ongoing
Access may be restricted or revoked
Assets may be frozen or withheld
Legal obligations override user preferences
14. Amendments
Ready.cards may amend this AML Policy at any time to reflect changes in law, regulation, or internal risk assessments.
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