AML Policy

AML Policy – Eterna Hybrid Exchange

Anti-money laundering (AML) refers to laws and regulations implemented by national authorities in order to prevent criminals from making money illegally or moving illicit funds. Eterna Hybrid Exchange abides by all US and EU laws regarding AML.
Eterna Hybrid Exchange abides by the U.S. Bank Secrecy Act of 1970, the Money Laundering Control Act of 1986, and the US Patriot Act of 2001, which require Eterna Hybrid Exchange to verify customer identities and maintain records of currency transactions for up to 5 years and to report obviously illicit or illegal transactions to the relevant national authorities.
Eterna Hybrid Exchange also abides by the EU’s 6 AML Directive (6 AMLD), which came into effect December 3, 2020. The 6th AML Directive harmonizes the definition of predicate offences against money laundering by all Member States. The 22 predicate offences for money laundering include cybercrime and tax evasion.
Eterna Hybrid Exchange’s AML policy is closely linked to its KYC requirements, which is necessary for any fiat-related transaction, credit card transaction, and bank transfer. KYC information will remain confidential unless legal action requires Eterna Hybrid Exchange to reveal as a result of a properly authorized subpoena.