Anti-money laundering policy

VOIP SYSTEMS AG will report suspicious payments. By misusing the service, you may face criminal prosecution as we are bound to automatically report such behavior to the authorities.

One of the main measures to discourage money laundering and related illegal activities, VOIP SYSTEMS AG doesn’t accept cash. The Company reserves the right to suspend or refuse to process a transaction at any stage, where it believes the transaction to be connected in any way to money laundering, criminal or fraud activity. In accordance with international law the Company is not obliged to inform the Client that it has reported to the corresponding bodies of the Client’s suspicious activity.

Compliance Regime
VOIP SYSTEMS AG has set up a compliance regime in order to fulfill its formal legal requirement. It comprises the appointment of compliance officer, policy making, and regular review of their implementation.
VOIP SYSTEMS AG is also committed to regularly update its electronic system for inspection of suspicious or fraudulent transactions and for verification of client identification records, in accordance with any new regulations as they are promulgated, as well as providing training for its employees on enhancements to anti-money laundering procedures that may be required by new regulations.

Additional Disclosure

Bitcoin transactions

All the clients that deposit money to their 007VoIP-accounts via Bitcoin should be previously verified after providing their ID card/ Passport scan and the document confirming their address (utility bill, bank statement).