AML Policy
Green Dollar Coin Anti-Money Laundering (AML) Conditions
The Anti-Money Laundering (AML) conditions laid out herein outline the provisions under which users and clients can use Green Dollar Coin and its website. Each user and/or customer thereby using Green Dollar Coin—its website or its services—is required to fulfill these conditions.
Overview of AML Terms
In essence, our Anti-Money Laundering Terms outline the conditions under which our Know Your Customer (KYC), identity verification, and all other related services can be used and the obligations that must be adhered to by the clients. These AML conditions have been put forth for the protection of the client as well as user data and as a means to specify the circumstances under which Green Dollar Coin reserves the right to refuse services to clients.
Obligations and Definitions
Green Dollar Coin’s AML conditions of service present the individual obligations of the clients and Green Dollar Coin as well as certain mutual obligations of both parties. It also details individual definitions of certain technical terms used by the company.
Hosted Verification Services
The AML conditions underline the terms of use of our Hosted Verification services, wherein we provide a separate identity verification page for a business with a unique URL that directs the end user to a page where they can perform KYC, identity verification, or Anti-Money Laundering (AML) screening.
Data Protection and Usage
The Anti-Money Laundering services also include the provisions of usage and protection of client data collected during the identity verification process. These terms ensure that data is handled responsibly to safeguard both client and user information.
Payment and Charges
The AML conditions further entail the terms of payment and charges incurred to the clients in exchange for KYC and other services. These terms specify the financial obligations of clients utilizing Green Dollar Coin’s services.
Confidentiality
The conditions stipulate the guidelines that each party must adhere to in order to collect and protect information collected by either one of them. Both Green Dollar Coin and the client are required to fulfill these confidentiality obligations to ensure data security.
Termination of Agreement
The AML terms also outline the conditions under which the agreement between both parties may be terminated and how it may affect the client and Green Dollar Coin. These provisions ensure clarity on the process and implications of termination.