Anti Money Laundering Policy

This is the Anti Money Laundering Policy (the “AML Policy”) of www.Utopia-Market.com. In this policy www.Utopia-Market.com may also be referred to as “We,” “Our,” “Us,” or “Utopia-Market” and its users, buyers, client or purchaser may be referred to as “You” or “Your.” The criterion for publishing this Policy is that we provide all of our services within the legal and allowed limits and do not support any conduct that is in violation of applicable domestic or international laws. We highly encourage our users to follow the AML Policy of this site and never attempt to engage in any activity that involves money laundering or associated crimes. We do our best to keep you and us safe from any potential threats, so please read this Policy before using any of our provided services.
If you are certain that you will be unable to comply with the terms of this Policy, we strongly advise you to stop usage of our offered services and avoid interacting with us. It is also important to note that you are accountable for any relevant local and international laws relating to money laundering offences, whether incorporated or not. If you have any questions concerning any of your activities that you intend to carry out through the use of our platform, you can contact us at any time. We are always available to assist you with any specific difficulties.
As a brand, we are committed to conducting business in accordance with the highest ethical standards. This includes following all applicable rules and regulations aimed at preventing money laundering and terrorist financing. This Policy was developed to reduce the risk of money laundering and terrorist funding associated with our business and the sale of our products. This Policy includes our individual responsibility for adhering to global anti-money laundering and counter-terrorist financing laws (“AML Laws”), as well as ensuring that any third parties we hire to operate on our behalf do the same. Our management is devoted to following all laws. Any person or (you) who breaches the rules in this Policy or allows others to violate those rules may face appropriate enforcement action, up to and including termination, as well as personal civil or criminal consequences.
If you have any issues concerning this Policy, please contact the Ethics and Compliance or Legal Departments, or speak with a private legal professional.

Policy Statement:

• It is our policy to ensure compliance with applicable AML guidelines in all of our activity around the world. To that end, we shall only do business with clients who are engaged in genuine business and whose finances come from credible sources.
•  This Policy is provided to help users, buyers, purchasers, contractors, and other third parties operating on the company’s behalf in understanding where AML Laws may be violated and assisting them in making the appropriate decisions in accordance with our corporate viewpoint as indicated in this Policy.
  Our board will not hold management accountable for any loss of business as a result of following this Policy. No users, employees, or contractors will suffer as a result of bringing to the focus of the Board or senior executives, in good conscience, a known or suspected violation of this Policy, nor will any employee or contractor face adverse career or contract decisions as a result of adhering to this Policy.
  Our Subject:
  This Policy is applicable to its global activities, including all corporate persons owned or controlled by us (such as all group businesses), as well as all directors, officers, workers, contractors, and any third parties working on their behalf.
  Consequences:
  Violations of AML laws can result in serious civil and/or criminal consequences for individuals and businesses, including considerable monetary penalties, incarceration, arrest, delisting, license suspension, and director disqualification.
  Furthermore, breaches of AML laws can have serious practical implications, such as damage to our public image and commercial relationships, limitations on how we can do business, and significant time and cost spent conducting domestic inquiry and/or defending against official investigations and punitive measures.
  What do we mean when we talk about money – laundering?
  Money laundering is the exchange of money or assets gained illegally for money and other ‘clean’ assets. The clean money or assets have no clear connection to any illicit conduct. Money laundering also covers any money used to support terrorism, regardless of how it was earned. The following acts are classified as “money laundering” and are forbidden under this Policy:

1. the conversion or transfer of ownership (including funds), knowing or suspecting that such property is derived from crime or certain defined unlawful activity (“criminal property”), with the intent of hiding or trying to disguise the illicit origin of the property or assisting any person involved in such activity to circumvent the legal implications of his action;
2. carrying out a money transfer involving illicit property;
3. deception or cover up of the real nature, origin, position, disposition, action, rights to, ownership of, or control over criminal property;
4. acquiring, possessing, or using criminal property;
5. encouraging the conduct of illegal activity; and
6. Involvement in, affiliation to commit, attempts to commit, and assisting, abetting, aiding, and counseling the commission of any of the aforementioned behavior.

According to our concept of money laundering, anyone (including any of our users or employees) may be in breach of the law if he or she becomes knowledgeable of, or suspects the

existence of, criminal property within the business and becomes involved in, or continues to be involved in, a matter relating to that property being connected to the business without disclosing his or her issues. Property can be considered criminal property if it is derived from any criminal conduct, regardless of whether the underlying criminal conduct occurred in the country in which you are located or elsewhere. Terrorist funding may not entail illicit gains, but rather an attempt to conceal the source or intended use of cash that would subsequently be utilized for criminal reasons.

Flagging:

If you have any doubts that criminal activity may have took place involving a client, workmate, or related parties, you should take into account whether money laundering or terror financing has took place or may take place. The following are some examples of flags that should be reported:

• A consumer offers inadequate, inaccurate, or questionable data, or is unwilling to supply comprehensive information.
• Payment methods or quantities that are inconsistent with the payment scheme or are not commonly utilized in the conduct of trade, such as payments made using money orders, traveler’s checks, and/or numerous instruments, and payments made to unconnected third parties.
• Receipts of various promissory notes for the payment of a single invoice.
• Requests for cash payment from a client or partner.
• Early debt payments, particularly if payment is made by an unrelated third party or involves another undesirable method of money.
• Orders or transactions that are not in accordance with the customer’s trade or company.
• Payouts to or from third party companies with no obvious or logical link to the client or payment.
• Payments made to or from nations deemed significant risk for laundering money or terrorist funding.
• Payments made to or from nations regarded as tax havens or offshore territories.
• Payments made from nations that are irrelevant to the activity or are not rational for the consumer.
• The documents used to construct a customer’s business are from a tax haven, a nation with a high risk of money laundering, terrorism, or terror financing, or a location that is not reasonable for the client.
• Overpayments preceded by instructions to pay back a deposit, especially if the payout is to be sent to a private entity.
• Any client for whom the genuine beneficial owner cannot be determined.
• Organizing deals in such a way that they do not involve government reporting or record keeping.
• Payment practices that show no clear economic purpose, unusually complicated corporate structures

Money transfer behavior that is inconsistent with the customer’s business operations, or that begins or ends with persons unconnected to the business

The above is not meant to be a complete list. Deviation from customer and accepted business practice should trigger an investigation in accordance with this Policy.

Compliance:

Senior executives in our corporation is responsible for making sure that their business has a conformance culture and effective controls in place to prevent, detect, and reply to financial fraud and counter-terrorism funding, as well as communicating the severe repercussions of noncompliance to staff. You have the responsibility to review and abide this Policy, to fully comprehend any warning signs that may arise in their business operations, and to keep escalating potential AML compliance concerns to Ethics and Compliance or the Legal Department without alerting anyone involved in the matter. You should not take any activities before taking advice and/or instructions.

Any user, employee, or contractor who violates this Policy may face appropriate disciplinary action in addition to any other penalties resulting from their actions. Internal Audit will regularly conduct inspections of local businesses to ensure conformity with AML rules.

Changes to this Policy:

This Policy may be changed from time to time, and the revised version will be made immediately available on the internet.

Contact Us:

If you have any questions concerning this AML Policy, you may mail us or contact us at any time using the information provided in the “Contact us” option.

support@ Utopia-Market.com.