Post
Topic
Board Trading Discussion
Re: Mt.Gox AML/KYC Process Explained
by
2weiX
on 24/07/2012, 10:11:09 UTC
I'm sorry to bring this up again, but I'm still unclear about your policy here. If emphasis is indeed your policy, why did you report Goat to the police? Did you have proof of him being involved in severe financial crimes or not?

They mean a suspicion as defined by AML/CTF requirements.  They're legally obliged to make the report if the transaction fits certain "suspicious" criteria.  Some things must be reported no matter what.  Others are less clear cut and may not need to be reported if the user can supply information which proves the transaction is legitimate.

It would help a lot if they re-wrote that part of their policy to make its meaning clearer.

Yes, I thought the whole point of this thread was to make things clear...



i keep clicking these threads to get a clear(er) picture of what's happening, but alas!

i fail.