Anti-Money Laundering (AML) Policy

Approved by: PURE ENERGY CRYSTALS LLC
Effective Date: June 4th, 2025

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1. Purpose and Scope

This AML Policy aims to ensure that Pure Energy Crystals LLC complies with all applicable anti-money laundering and counter-terrorism financing laws and regulations. It applies to all employees, officers, directors, contractors, and third-party service providers involved with our business operations.

2. Definitions

  • Money Laundering: The process of disguising the origins of illegally obtained money to make it appear legitimate.

  • Terrorist Financing: The provision or collection of funds with the intention they be used to support terrorist activities.

  • Customer Due Diligence (CDD): Procedures used to identify and verify the identity of our customers.

  • Suspicious Activity Report (SAR): A report submitted to relevant authorities regarding suspected money laundering or terrorist financing.

3. Policy Statement

Pure Energy Crystals LLC is fully committed to implementing and maintaining robust AML controls. This includes customer due diligence, transaction monitoring, reporting suspicious activities, maintaining records, and providing employee training to prevent money laundering and terrorist financing.

4. Customer Due Diligence (CDD)

When CDD is Conducted:

  • Upon establishing a new business relationship

  • For transactions exceeding predefined thresholds

  • When there is suspicion of illegal activity or fraudulent behavior

  • If there are doubts regarding the validity of previously obtained customer information

4.1 Identification and Verification

  • Verify individual customers’ full name, residential address, date of birth, and government-issued identification

  • For corporate customers, verify the business identity, ownership structure, and authorized representatives

4.2 Enhanced Due Diligence (EDD)

For higher-risk customers or transactions, we implement EDD measures, including:

  • Collecting additional customer information and documentation

  • Conducting more frequent transaction monitoring

  • Requiring approval from senior management before proceeding

5. Reporting Suspicious Activity

Any employee or representative who identifies suspicious transactions or behavior must promptly report it to the AML Compliance Officer. The officer is responsible for evaluating the information and filing Suspicious Activity Reports (SARs) with the appropriate authorities as required by law.

6. Record-Keeping

We maintain all customer due diligence records, transaction data, and reports for a minimum of five (5) years from the date of the transaction or account closure, in compliance with regulatory requirements.

7. Training and Awareness

All relevant employees receive ongoing training that covers:

  • Applicable AML laws and regulatory requirements

  • How to identify and report suspicious activities

  • Company AML policies and procedures

8. Internal Controls & Auditing

Pure Energy Crystals LLC implements strict internal controls and conducts regular audits to ensure AML compliance and identify areas for improvement.

9. Responsibilities

  • Board of Directors: Oversees AML policy implementation and compliance efforts

  • AML Compliance Officer: Responsible for day-to-day AML compliance, reporting, and training

  • Employees and Contractors: Required to follow AML policies, participate in training, and report suspicious activity immediately

10. Review and Updates

This AML Policy is reviewed at least annually or more frequently if required by changes in law, regulation, or business operations. Updates will be approved by the Board of Directors.

11. Conclusion

Pure Energy Crystals LLC is dedicated to preventing money laundering and terrorist financing. We uphold the integrity of the financial system through strict adherence to AML regulations.