Anti-Money Laundering Policy.

NewLine warns users against attempting to use the service for money laundering, terrorist financing, illegal activities of any kind, and also from using the service to purchase prohibited goods and services.

Money laundering is the concealment of an illegal source of funds by converting them into cash or investments that look legitimate.

General provisions

In order to prevent illegal operations, the Service sets certain requirements for all Ads created by the User:

1. In the created Announcement, the Sender and the recipient of the Payment must be the same person. Transfers in favor of third parties are strictly prohibited.

2. All contact details specified by the User in the Announcement, as well as other personal data, transmitted by the User to the Service must be up-to-date and completely reliable.

3 It is strictly forbidden to create Ads by the User using anonymous proxy servers or any other anonymous connections to the Internet.

This Anti-Money Laundering Policy (hereinafter referred to as "AML Policy") describes the rules that NewLine adheres to:

1. Do not do business with known criminals and/or terrorists.

2. Do not process transactions that are the result of known criminal and/or terrorist activities.

3. Do not facilitate any transactions involving known criminal and/or terrorist activities.

4. Has the right to restrict or prohibit the use of all or part of the services for citizens of countries such as Afghanistan, Uzbekistan, Bosnia and Herzegovina, the United States, the Democratic People's Republic of Korea, Tajikistan, the Democratic Republic of Congo, Eritrea, Ethiopia, Guyana, Iran, Iraq, Lao People's Democratic Republic, Libya, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, Vanuatu, Ukraine.

Verification Procedures

NewLine service establishes its own verification procedures within the anti-money laundering standards — "Know Your Customer" (KYC) policy.

NewLine service may request a verification procedure (provision of an identity document, passport or ID card ).NewLine reserves the right to collect the identification information of Users for the purposes of implementing the AML Policy. This information is processed and stored strictly in accordance with the Privacy Policy and the NewLine Personal Data Processing Policy.

Also, the NewLine Service may request a second document to identify the User: banking an extract or utility bill not older than 3 months, which indicates the full name of the User and his actual place of residence, the service also has the right to request a photo / video verification of the client, if there are suspicions of dishonesty of the information provided.

NewLine checks the authenticity of documents and information provided by Users, and reserves the right to receive additional information about Users who have been identified as dangerous or suspicious.

If a User's identification information has been changed or their activities appear suspicious, NewLine has the right to request updated documents from the User, even if they have been authenticated in the past.

AML Policy Compliance Officer

The AML Policy Compliance Officer is a NewLine employee whose responsibilities include enforcing the AML Policy, as follows:

- collecting Users' identification information and passing it to the responsible personal data processing agent;

- creating and updating internal policies and procedures for writing, reviewing, submitting and storing all reports required by existing laws and rules;

- monitor transactions and analyze any significant deviations from the normal activities of Users;

- implement a records management system for storing and retrieving documents, files, forms and logs;

- regularly update the risk assessment.

The AML Policy Compliance Officer has the right to interact with law enforcement agencies that are involved in the prevention of money laundering, terrorist financing and other illegal activities.

Transaction monitoring

Monitoring of the User's transactions and analysis of the received data is also a tool for risk assessment and detection of suspicious transactions. If money laundering is suspected, the NewLine Service reserves the right to:

1. report suspicious transactions to the appropriate law enforcement authorities;

2. ask the User to provide any additional information and documents;

3. suspend or terminate the User's account;

4. suspend the exchange and freeze assets until the circumstances are clarified;

5.return funds to the user by canceling the exchange procedure, according to the user agreement;

6.risk assessment.

In accordance with international requirements, the NewLine Service applies a risk-based approach to combat money laundering and terrorist financing. Thus, measures to prevent money laundering and terrorist financing are commensurate with the identified risks.

Last update - 01/12/2023