Bitex fully comply with the Irish Criminal Justice Money Laundering and Terrorist Financing Act 2010.
Bitex.ie, (“Bitex” or the "Company") Anti-Money Laundering ("AML") Policy and Identity Verification Policy (collectively the "AML Policy") is designed to articulate Bitexs commitment to detecting, preventing and reporting attempts to use its financial services platform to illegally launder money, to finance illegal activities such as terrorism and drug trafficking, or to commit fraud.
Bitex offers a service platform through Bitex.ie and other websites (“Bitex” or the "Service") that allows people to buy math-based currencies such as bitcoins. Bitex also offers, through the Service, an option that allows people to deposit funds to an account via bank wire transfer, cash deposit at a physical bank or third-party gateway.
Bitex recognises that decentralised and distributed digital currency and payment systems in which payments are processed and secured by advanced cryptography and distributed computing power instead of a central bank, corporation or government pose a risk of illegal uses just like any other currency. Bitex believes that the legitimate use of math-based currency networks provide untold benefits and efficiencies within the global economy. Accordingly, Bitex has implemented this Policy and its accompanying AML Program to assess the specific risks posed by Bitex’s innovative services and established specific controls to address those risks as required by law.
It is Bitex’s policy to comply with applicable laws and regulations regarding AML and identity verification within our country of operation, and to detect and prevent the use of its Service for money laundering or to facilitate criminal or terrorist activities. While Bitex is committed to protecting its users' privacy, it will not allow people to use its Services to launder money, commit fraud or other financial crimes, finance terrorist activities, or facilitate other illegal conduct.
We are fully committed to providing the most advanced, secure, stable and user-focused services in digital currencies to our global user community. Bitex is also committed to operating in transparent compliance with the law wherever its services are offered, which means that we may restrict some or all of Bitex’s services for users located in other countries where we have not finalised our regulatory compliance strategy. In some jurisdictions, this means that we may need to operate under certain licenses or registrations, and in some others, we are still currently waiting for regulatory approval.