MyWork AML

Updated: 27.11.2024

Anti-Money Laundering Policy (AML)
Money laundering is a criminal process of converting funds obtained illegally (including terrorism, corruption, drug trafficking, etc.) into legal investments to hide their true source. This process aims to prevent the illegal nature of such funds from being discovered by transforming them into legitimate assets.
Governments around the world are fighting against money laundering and terrorist financing to prevent criminal funds from entering the economy. Financial and commercial institutions are particularly vulnerable to illegal operations of terrorist and criminal organizations, especially virtual asset services. Therefore, MyWork actively participates in preventing such criminal activities globally.
To achieve these goals, we take the following actions:

1. We conduct client identity verification and collect personal information, as well as monitor all transactions made by users.
2. We trace all suspicious operations and transactions made under unusual circumstances.
3. If our company suspects illegal activity or money laundering, it has the full right to request additional verification or cancel such a transaction at any stage.
4. In accordance with international law, MyWork is not obligated to notify the client of suspicions regarding their criminal activities.
5. These actions are based on AML recommendations developed by FATF.

To prevent suspicious transactions and verify client identity, we reserve the right to regularly update our electronic system in accordance with new regulations (if any arise). We also provide various training sessions for our staff to improve the effectiveness of anti-money laundering measures.
To prevent suspicious transactions, we reserve the right to deny access to our services if we suspect that you are involved in the following prohibited activities: adult entertainment or pornography, alcoholic beverages, weapons, defense, firearms or military industries, cash transactions, chemicals, drugs and pharmaceutical products, energy and utilities, human trafficking, illicit drug trade, government and public sector, multi-level marketing, nonprofit and social services, protected species-related industries, precious metal and stone/diamond business, real estate agent/broker/dealer, tobacco-related industries, unlicensed FX/brokerage, unlicensed gambling, child abuse.
Multiple Accounts Policy
Creating more than one account in the MyWork mobile application is strictly prohibited.
If it is discovered that a client has more than one account, all accounts will be temporarily disabled. The client will be asked to choose one account for further use, while the rest will be permanently blocked.
If it is determined that a client creates multiple accounts to bypass limits set by MyWork for a specific payment method, MyWork reserves the right to request additional verification. If the client cannot provide the requested information, MyWork will refund the payment to the original sender, while retaining any applicable incoming and outgoing transaction fees.
List of Required and Supported Documents
The following documents may be required during the verification process in the MyWork mobile application:
Identity Verification:

• Government-issued international passport
• Government-issued identity card
• Government-issued driver's license
• Selfie with an identity document

Address Verification:

• Utility bill or bank statement, not older than six months
• Both paper and electronic versions are allowed
• No modifications to the documents are allowed

Additional Verification Documents:

• Photo of credit card (in specific cases, only when making a payment with debit/credit cards)
• Selfie with credit card (in specific cases, only when making a payment with debit/credit cards)
• Photo with printed or handwritten declaration (in specific cases, for high amounts)

Please note: All required documents must be provided in good quality, all texts must be readable, and there should be no modifications or edits to the document photos, otherwise, we will have to reject them and request new copies without modifications or in better quality.


CONTACT US
If you would like to report a violation of the Terms of Service, have any questions, or need help, please contact MyWork customer support as follows:
Email address: infoinfo@mywork.work