Anti-Money Laundering (AML) Policy

Company Information

Company: PPrince EX s.r.o.

Jurisdiction: Czech Republic

Regulatory Status: Licensed Virtual Asset Service Provider (VASP)

1. Introduction

PPrince EX s.r.o. is fully committed to preventing its services from being used for money laundering, terrorist financing, or any other illicit activity. This Anti-Money Laundering (AML) Policy outlines our framework for compliance with applicable laws, including internal procedures, customer due diligence, and risk controls.

2. Regulatory Compliance

PPrince EX s.r.o. complies with all applicable AML regulations in the Czech Republic and the European Union, including guidelines issued by the Financial Analytical Office (FAÚ). Our systems are designed to identify, assess, and mitigate AML risks in line with FATF recommendations.

3. Risk-Based Approach

We apply a risk-based approach (RBA) to ensure appropriate controls based on the level of risk posed by customers or transactions. Risk assessment considers:

  • Customer profile and behavior
  • Geographic location
  • Nature of services used (e.g., fiat-to-crypto exchange)
  • Transaction size and frequency
  • High-risk customers and transactions are subject to enhanced due diligence
4. Customer Due Diligence (CDD)

Prior to establishing a business relationship, PPrince EX s.r.o. performs CDD to verify customer identity, including:

  • Full name, address, and date of birth (individuals)
  • Company name, registration number, and ownership structure (legal entities)
  • Source of funds and purpose of the business relationship
  • Ongoing monitoring to detect changes or suspicious behavior
5. Enhanced Due Diligence (EDD)

Enhanced Due Diligence measures are applied to high-risk customers and activities, including:

  • Verification of beneficial owners
  • Additional information on source of wealth
  • Enhanced transaction monitoring and approval procedures
  • Politically Exposed Persons (PEPs)
  • Clients from high-risk jurisdictions or involved in complex or unusually large transactions
6. Prohibited Activities
  • Illegal products or services
  • Unlicensed gambling or betting platforms
  • Cryptocurrency mixing, tumbling, or anonymity-enhancing services
  • Pyramid or Ponzi schemes
  • Trade in arms, narcotics, or human trafficking
7. Prohibited & High-Risk Jurisdictions
  • Countries subject to EU, OFAC, or UN sanctions
  • Jurisdictions with weak AML frameworks
  • Countries listed by FATF as high-risk or non-cooperative
  • Restricted jurisdiction lists are reviewed regularly and enforced through onboarding and monitoring
8. Monitoring & Reporting

All transactions are subject to real-time and periodic monitoring. Suspicious activity is escalated internally and, when required, reported to the Czech Financial Analytical Office (FAÚ) in compliance with tipping-off prohibitions.

9. Training & Awareness

All relevant staff receive AML training appropriate to their roles, including onboarding training, scenario-based reviews, and periodic refresher sessions.

10. Record Keeping

Customer due diligence documentation, transaction records, and AML-related decisions are securely retained for a minimum of five years, in accordance with applicable legal requirements.

11. Ongoing Review

This AML Policy is reviewed and updated regularly to reflect regulatory changes, operational updates, and evolving risk factors.

Contact

If you have questions regarding this AML Policy, please contact us at: [email protected]