totalcoin and the prevention of money laundering, terrorist financing, and the proliferation of weapons of mass destruction (ML/TF/PDW).
Money laundering is a process by which funds obtained through illegal activities are introduced into the legal economic system to hide, disguise, and conceal their true origin. Those who launder their own or others’ money help cover up the crimes that generated it by feeding the formal economy with illegal sources.
Terrorist financing is a necessary condition for carrying out terrorism, as behind every terrorist action there is a financing network that supports it. Therefore, in light of the emergence of international terrorism, it is essential to cut off potential sources of funding that enable it.
Financing the proliferation of weapons of mass destruction refers to any act that provides funds or uses financial services, in whole or in part, for the manufacture, acquisition, possession, development, export, trafficking of materials, division, transport, transfer, storage, or dual-use for illegitimate purposes in violation of national laws or international obligations, when applicable.
The prosecution of the crimes of Terrorist Financing and Proliferation of Weapons of Mass Destruction aims to target the prior and fundamental action that supports the terrorist act itself. Due to its criminal purpose, this action is closely linked to money laundering, which can serve as a source of financing.
They provide new resources
to criminal activities.
They generate higher
sovereign debt.
They destabilize interest rates and exchange rates in national economies.
They undermine real economic activity, creating a virtual form of capitalism.
They lead to higher inflation.
They impoverish states.
Strictly complies with the applicable regulations in this area.
Designs, plans, and executes continuous improvement processes that help mitigate the risks associated with the commission of these criminal activities and operations.
Promotes and participates in working groups together with other companies, regulatory bodies, and financial institutions to establish best practices that enhance the fight against these crimes.
Implements rigorous internal controls and monitoring.
At totalcoin, we are aware that the commitment we have undertaken is essential for the company’s healthy and sustainable growth, preventing the commission of serious crimes, protecting the company, and above all, safeguarding the clients who trust us every day.
