Anti-money laundering policies

CASHELA INC. ANTI-MONEY LAUNDERING (“AML”) AND COUNTER- TERRORISM FINANCING (“CTF”) STATEMENT(S).

Last Update: January 31, 2022.

As a licensed money-transmitter, Cashela Inc. (“Cashela”) is committed to full compliance with all applicable laws and regulations regarding Anti- Money Laundering (“AML”). Cashela’s policy is to prevent people engaged in money laundering, fraud, and other financial crimes, including terrorist financing, from using Cashela’s services.

Cashela has robust policies and procedures to detect, prevent and report suspicious activity. To comply with OFAC (Office of Foreign Asset Control) requirements, and global sanctions, we screen our customer accounts against government watch lists. In addition, we may request that you provide us with documentation to help prove your identity or for business verification purposes. We report suspicious transactions to the financial intelligence unit in the respective country.

Compliance with Anti-Money Laundering Requirements.

The operations of Cashela are conducted at all times in material compliance with the U.S. PATRIOT ACT, the U.S. Bank Secrecy Act (31 U.S.C. SS 5311, et seq.) and its implementing regulations, including money ;laundering requirements of applicable governmental authorities and related similar rules, regulations, or guidelines issued, administered, or enforced by any federal or state authority (collectively, the “Anti-money Laundering Laws.”) and no action, suit, or proceeding by or before any court or governmental authority or any arbitrator involving Cashela with respect to the Anti-money Laundering Laws is pending or, to the best knowledge of Cashela, threatened.

Monitoring and Requests for Information to comply with Anti-Money Laundering Requirements.

To help the United States government fight the funding of terrorism and money laundering the federal laws of the United States requires all financial institutions to obtain, verify, and record information that identifies each person with whom they do business. This means we must ask you for certain identifying information, including a government-issued identification picture ID, proof of address, U.S. taxpayer identification number, and such other information or documents that we consider appropriate to verify your identity and fulfill our “Know your Client” obligations under Cashela’s AML & OFAC Program(s).

How does this impact me?

As part of our AML procedures, we collect information from you to satisfy our Know Your Customer requirements. This means that we may request information from you due to a specific identification requirement or as a result of our watch list screening process. We may ask you to provide documentation to help confirm your identity or provide additional information regarding your business. We may also request that you seek pre-approval for utilizing the PayPal service if your account falls within a high-risk compliance category, as listed in our AML/BSA/OFAC Program.

You can request a copy of Cashela’s AML Program by writing to us following the instructions in our website under the “Contact Us.” Tab.

IF YOU SUSPECT MONEY-LAUNDERING OR TERRORIST ACTIVITIES, PLEASE CONTACT THE U.S. DEPARTMENT OF TREASURY BY CALLING (800) 767-2825 OR (703) 905-3591 OR SENDING AN EMAIL TO FRC@fincen.gov. FOR MORE INFORMATION ON TERRORIST FINANCING AND OTHER ILLEGAL ACTIVITIES, PLEASE VISIT THE U.S. DEPARTMENT OF TREASURY.

When is this information requested?

We may ask for this information during account opening or as part of our account review process which we periodically conduct on our existing customers.