Information about internal
anti-money laundering policy of Impily Sp. z o.o.
Money laundering is defined as
moving money that has been obtained illegally into the market to make it seem
as if the money has been obtained legally. This procedure is strictly connected
with criminal activity, usually the most dangerous form of organised criminal
To prevent money laundering, Poland,
similarly to many other countries, enforced a statutory act aimed at
counteracting money laundering and terrorism financing. This act and other
international regulations Poland is a party to, provide for principles and
obligations connected with counteracting money laundering.
Impily Sp. z o.o. acts in accordance with Polish legal regulations on
enabling the prevention of illegal legalisation, including in particular EU
Impily Sp. z o.o. takes all lawfully
required actions to ensure transparent trading and prevent money laundering
during the use of the Website.
on this Policy, Impily Sp. z o.o. in particular:
a record of transactions made via the Website bitbaycash.pl and of transactions
made by the use of more than one operation whose circumstances indicate that
such operations are related and the transaction was divided into operations of
a lower value to avoid the registration obligation;
relevant records for at least 5 years from the transaction registration date;
financial security measures, including user identification, in relation to
Website Users. The scope of application of such measures is determined on the
basis of the assessment of the risk of money laundering and terrorism financing
based on the analysis including in particular the type of the Website User,
economic relationships, products or transactions;
transaction suspension procedures;
that its employees who fulfil obligations connected with counteracting money
laundering and terrorism financing take part in relevant training.
If Impily Sp. z o.o. receives any order
to retain or transfer the User’s cryptocurrencies into the indicated deposit
account from any public authority or any other institution established on the
basis of an international treaty which Poland is a member of, the User’s
account may be suspended and the funds collected in such an account may be
transferred to the deposit account. The same consequences arise from blocking
the bank account where Impily Sp. z o.o. funds are deposited on the basis of
any act coming from the aforementioned authorities or institutions. In such an
event Impily Sp. z o.o. will notify the User of a reason for blocking the access
to the User’s funds within 7 days of the blocking date.
At the explicit demand of competent authorities or offices and subject to the
presentation of relevant necessary documents, Impily Sp. z o.o. has the right
to disclose the User’s data to the aforementioned institutions.
Impily Sp. z o.o. reserves the right
not to make transactions with entities recorded in the list of sanctions kept
by competent institutions counteracting money laundering, including in
particular the United Nations, the European Union and the US Office of Foreign