In terms of law, Money laundering is the act of converting money or other monetary instruments from illegal activity into money or investments that appear to be legitimate so its illegal source cannot be traced.
Anti-money laundering (AML) incorporates a complex of measures aimed at prevention of use of the financial system of the country or any specific financial institution for money laundering or terrorist financing. Such measures and instruments are worked out and implemented by international and national institutions, banking and business community. BTCPK.NET strictly verifys that all incoming or outgoing payments are legal and for the purpose of business that is regulated by Government of Pakistan. We collects identification data of every Client, as well as IP addresses, online activity,.
BTCPK.NET is required to verify your identity and address. We also keep full records and monitor any unusual or suspicious transactions of any size. This includes, but not limited to, transactions that do not make economic sense, unexplained large transactions, investments related transactions of unclear nature.
We also reserve the right to ask purpose of the transaction where applicable.
BTCPK.NET reserves the right to refuse to process a transaction at any stage, when we believe that the transaction is associated with money laundering or other criminal activity.