Policies
In compliance with Law No. 9.613/98 and through its Policy on Prevention of Money Laundering, Terrorism Financing and Concealment of Assets, Rights and Values (AML). BlueBenx applies the management principles and guidelines in its operations, in order to guide employees and customers on an efficient process of identification and monitoring, establishing responsibilities at its various levels.
The aforementioned Policy seeks to prevent any illegal activities and protect the company's image with employees, customers, partners, suppliers, regulators and society. To this end, procedures were adopted to train employees, in addition to a corporate governance structure, in compliance with the best market practices.
Regarding the improvement of practices related to the process of Preventing Money Laundering and Fighting the Financing of Terrorism, related to cyber crimes, control is carried out by means of intelligent software that validates the data reported by the customer, performing analysis of possible document fraud. When a customer has a higher level of risk, more detailed diligence is carried out in the Compliance and monitoring processes. The diligence is done with the purpose of the institution identifying its customers and verifying the relevant information for conducting business and transactions, mitigating the risks of financial crimes pertinent to digital media.
The strategy of monitoring customers / declaring operations is made up of structured data extraction procedures and systems for the generation of statistical reports. The purpose of the analysis is to identify situations that characterize evidence of money laundering.
The registration occurs through rules defined in the Compliance Back Office system for the financial operations of customers, parts identified in restrictive, sanctioned lists, of Politically Exposed People, executed automatically for each operation, crossing the data of the internal Back Office system .
This activity is performed by the AML area and consists of:
- Performance of routines for the identification of evidence;
- Analysis of atypical cases and conclusion regarding their justifications;
The Privacy Policy is in compliance with the General Data Protection Law (LGPD) Law No. 13.709 / 2018.The instrument regulates the general conditions for the collection, use, storage, processing and protection of data on websites, applications and Internet applications.
Our organizational structure is a strong point of our project, since it will guarantee total regulation for the business when obtaining licenses and authorizations from the legal and financial institutions where we are operating.
With the credentials, BlueBenx Blockchain Bank will offer the ideal level of trust, stability and credibility for integration between the two financial worlds. In Brazil, BlueBenx is a Payment Institution regulated by the Brazilian Central Bank. We are also registered in Estonia and Portugal.
By becoming regulated in all the territories in which we operate, we are ahead of most projects based only on smart contracts and blockchain in finance. For this, we count on the Nicólia Anjos firm and also on the legal advice of Pinheiro Neto, one of the largest law firms in Brazil.
The project is a way of regulating the company's performance, the blockchain (which brings transparency and faithful registration), tokenization (which brings liquidity) and smart contracts (which bring more automation, flexibility and security).
Thanks to these efforts, the project and financing model that we offer investors today is fully in line with existing laws and regulations. We work to become a world reference in financial technology and tokenization and to become an increasingly solid and reliable institution.
Utility tokens are a class of asset in the cryptocurrencies market that provide rights to access or use a company's product or service. This classification scope includes access to digital applications or services, provided that such application or service is already operational at the time of sale of the token. Payment tokens are intended to be a means of payment, a way of transacting value.
Last modified 1yr ago