Policy Bitt Anti-Money Laundering and Counter-Terrorist Financing Statement

Bitt Anti-Money Laundering and Counter-Terrorist Financing Statement

Last Update: June 24, 2022.

Bitt is committed to full compliance with all applicable laws and regulations regarding Anti- Money Laundering (“AML”). Bitt’s policy is to prevent people engaged in money laundering, fraud, and other financial crimes, including terrorist financing, from using Bitt’s services.

Our company core values, which are embedded into the company culture, are centered around integrity, responsibility and accountability.

Bitt does not and will not accept clients or conduct business with individuals or entities who have engaged in or are likely to engage in any form of criminal activity, or any individuals or entities under suspicion of having assets derived from criminal or illicit activities.

Bitt develops, implements and maintains software designed to track and annotate any and all suspicious activity. Bitt and its staff members follow written procedures detailing the proper response to all suspicious transactions and indicators, ensuring that Suspicious Activity Reports and similar reporting mechanisms are filed whenever applicable. Bitt investigates instances of suspicious activity, requests information from clients, and suspends or terminates relationships with clients whenever prudent.

Bitt complies with Financial Action Task Force (FATF) Guidance and with OFAC (Office of Foreign Asset Control) requirements and global sanctions. Bitt may request that you provide documentation to help prove your identity, or for business verification purposes. We may ask for this information at any time.

We are aware of the heightened AML concerns when operating in the financial technology space. Bitt’s goal is to work with regulators to achieve unprecedented levels of transparency.