Anti-Money Laundering (AML) Policy

Last Updated: March 26, 2025

1. Introduction and Purpose

OxCards is committed to the highest standards of Anti-Money Laundering (AML) compliance and requires all management and employees to adhere to these standards to prevent the use of our services for money laundering purposes.

2. Regulatory Framework

OxCards operates in compliance with international standards and regulatory frameworks.

3. AML Compliance Structure

We have established a robust governance structure to ensure effective implementation of our AML program.

4. Risk-Based Approach

OxCards employs a risk-based approach to AML compliance, allowing us to allocate resources efficiently by focusing on higher-risk areas.

5. Know Your Customer (KYC) Procedures

We have implemented robust KYC and CDD procedures to ensure that we know the true identity of our customers and to prevent anonymous or fictitious account relationships.

6. Transaction Monitoring

We have implemented a comprehensive transaction monitoring system to identify unusual or suspicious activities.

7. Sanctions Compliance

OxCards is committed to complying with applicable sanctions programs, including those administered by the United Nations, OFAC, and other relevant authorities.

8. Record Keeping

We maintain comprehensive records of all customer identification information, transactions, and any reports of suspicious activity.

9. Training and Awareness

We provide comprehensive AML training to all employees, with the content and frequency tailored to their roles and responsibilities.

10. Independent Audit

We conduct regular independent audits of our AML program to assess its effectiveness and identify areas for improvement.

11. Contact Information

If you have any questions about our AML Policy, please contact our AML Compliance Officer at:

OxCards
Email: [email protected]
Address: Republic of the Marshall Islands

12. Conclusion

OxCards is committed to maintaining the highest standards of AML compliance and contributing to global efforts to combat money laundering and terrorist financing.