ABCC is required by Singapore law to take steps to ensure that it is not involved in the facilitation of money laundering or terrorist financing.
ABCC has put in place various AML measures designed to articulate our commitment to detecting, preventing and reporting attempts to use our financial services platform to launder money, finance illegal activities such as terrorism and drug trafficking, or to commit fraud.
- Some of the measures are as follows:
ABCC require all customers to undergo an verification process to verify their identify before allowing access to ABCC’s platform activities
- Fiat currency withdrawals via our LPs can only be made to a bank account held in the same name as the account held in ABCC
- Fiat currency deposits via our LPs can only be accepted from a bank account held in the same name as the account held in ABCC
- All cryptocurrency withdrawals may be subject to screenings and scrutiny checks before being approved