Effective Date: May 6, 2025

At Vccpanda, we are committed to maintaining a secure and trustworthy platform for both freelancers and buyers. As part of our responsibility to uphold the integrity of our marketplace and ensure compliance with legal and regulatory standards, we have implemented an Anti-Money Laundering (AML) policy. This policy is designed to prevent money laundering activities on our platform and ensure that our services are not used for unlawful financial activities.

1. Purpose of AML Policy

The main objective of the AML policy is to:

• Prevent Money Laundering: We are dedicated to preventing the use of our platform for money laundering activities, which may involve disguising the origins of illegally obtained funds.
• Ensure Compliance: Our policy ensures compliance with local and international regulations regarding money laundering and financial crimes.
• Protect the Platform’s Integrity: We are committed to protecting the platform and its users from fraud and financial crime.

2. Customer Identification Program (CIP)

To comply with AML regulations, Vccpanda requires both freelancers and buyers to go through a verification process, which helps us confirm their identity before allowing them to conduct transactions on the platform. The following steps are part of the Customer Identification Program (CIP):

• Freelancer Verification:
  • National ID: Freelancers must provide a government-issued National ID to verify their identity.
  • Proof of Address: Freelancers are also required to submit a document that verifies their address, such as a utility bill or bank statement.
  • Email Verification: Freelancers must verify their email address by clicking on a confirmation link sent to their registered email.
  • Other Identification Documents: In some cases, additional documentation may be requested if deemed necessary for verification purposes.
• Buyer Verification:
  • Email Verification: Buyers must verify their email address to confirm that they are legitimate users of the platform. This helps us maintain communication and ensure that there are no fraudulent accounts on the platform.
  • Additional Verification: For high-value transactions or any suspicious activity, buyers may be asked for further identification verification.

3. Monitoring of Transactions

We actively monitor all transactions made through the Vccpanda platform for any suspicious or irregular activity that could be associated with money laundering. This includes:

• Transaction Volume: Monitoring unusually high or frequent transactions that do not align with normal patterns of activity.
• Suspicious Payment Methods: Identifying payment methods or patterns of transactions that might suggest money laundering, such as third-party payments or multiple payments from high-risk regions.

4. Reporting Suspicious Activity

If Vccpanda detects suspicious activities that may involve money laundering, we will report these activities to the appropriate authorities in accordance with relevant laws and regulations. Users found to be engaged in money laundering activities will have their accounts suspended immediately, and their transactions will be flagged for further investigation.

5. Record Keeping

In accordance with AML regulations, we maintain records of all transactions and the identification information of our users for a specified period of time. These records will be kept securely and are available for review by regulatory authorities if necessary.

6. Training and Awareness

Vccpanda ensures that all employees and relevant stakeholders are trained to identify and report suspicious activities related to money laundering. We regularly review and update our policies to remain in compliance with changing legal requirements and industry standards.

7. Policy Compliance

All freelancers, buyers, and platform users are required to comply with this AML policy. Non-compliance may result in account suspension, termination, or legal action if the platform is used for illicit activities.

8. Contact Information

For more information regarding our AML policies or if you suspect any suspicious activity, please reach out to us:

• Email: hello@vccpanda.net
• Phone: +44 7476 810756
• Address: 442 N Barranca Ave, Suite 192, Covina, CA 91723, USA