BSA/AML Policy

Last updated: February 12, 2019

In order to maintain our commitment to be fully compliant with anti-money laundering laws and regulations, Bitior, Inc. has created a Bank Secrecy Act (“BSA”) and Anti-Money Laundering (“AML”) Policy. This policy exists to detect and prevent any attempts to use our services to commit fraud or other financial crimes, launder money, finance criminal or terrorist activities, and other illegal conduct.

User Identification

Prior to opening an account to use Bitior, we collect and verify the following information:

  • Mobile Phone Number
  • Email Address
  • Full Legal Name
  • Residence address (not a P.O. Box)
  • Social Security Number
  • Date of Birth
  • Proof of identity (driver’s license, passport, or government-issued ID)
  • Current photo of user
  • Additional documentation at the discretion of our Compliance Team

Suspicious Activity

If we have reason to suspect suspicious activities on Bitior, our compliance officer will investigate the account and file a report when appropriate. Any transactions over a certain value will be reported and filed with FinCEN. We retain all records of any reports that have been filed.

Reporting Requirements

All records are retained for a period of 5 years and are available upon official request by an applicable regulator or law enforcement agency.