Quote from: repentance on May 27, 2012, 09:34:56 AM

Quote from: miernik on May 27, 2012, 09:11:26 AM

Quote from: repentance on May 27, 2012, 08:57:36 AM

You honestly think that any legit company is going to publicly promise to be non-compliant with AML/CTF/KYC requirements for your benefit?

No AML/CTF/KYC laws require or even allow a company to hold funds received. If they can't identify the user, they should immediately return the funds where they came from - bounce the transfer. Exactly as if they got a random erroneous transfer. That's what all respectable AML/CTF/KYC compliant companies do, I've seen this happen at a currency broker. AurumXchange even has it written in their terms.

Failure to identify - treat the incoming transfer as an erroneous random transfer - immediate bounce back.

Holding funds is unacceptable. Bounce is the only proper way to deal with this. Huge currency brokers who deal with much more volume then BTC exchanges do this. They know the law. They can't afford their name to be ruined.

You've made this same argument in another thread concerning people using fake ID documents and it's simply not true that businesses are required to return funds to the original account if verification fails - in many cases, they would be in breach of AML requirements if they did so. AurumXchange operates under Dominica laws. These are not the same as the Australian laws by which CryptoXchange is governed, although you might want to brush up on what AurumXchange has to say about AML.

Quote

Please note that AURUM CAPITAL HOLDINGS INC. under aforementioned laws has the right to refuse a transaction at any time should suspicion arise that it may be connected to money laundering or any other criminal activity. In addition, AURUM CAPITAL HOLDINGS INC. will be obliged to report this suspicious activity in order to comply with said regulations, and internationally accepted laws and customs which also prohibits AURUM CAPITAL HOLDINGS INC. from disclosing this information.

Providing AURUM CAPITAL HOLDINGS INC. with false identification or contact details will be deem as a misuse of our terms of service. AURUM CAPITAL HOLDINGS INC. is legally bound to report such misdemeanors to the Dominicas authorities, and as such you may be the subject to a criminal investigation.

Frankly, many of your posts create the impression that you're actively seeking an exchange which is not compliant with AML/KYC requirements. If you already know currency brokers who are non-compliant then by all means feel free to use them, but don't expect that businesses which are required by law to hold funds pending satisfactory verification of identity are going to stop doing so because you don't like the process.

+1

holy crap, miernik is either a scammer or a full blown mongoloid. It's not even funny...