fincen policy

 Version: 1.8
 Date of Last Update: March 14, 2025

1. INTRODUCTION

EZ Sweeps Inc. (hereinafter, “we,” “us,” or “our”), operating the https://www.ezsweeps247.com social casino platform (the “Platform”), is dedicated to fulfilling obligations imposed by the Financial Crimes Enforcement Network (FinCEN), part of the U.S. Department of the Treasury. This FinCEN Compliance Policy (the “Policy”) formalizes our approach to detecting, preventing, and reporting financial crimes—including money laundering, terrorist financing, and other illegal activities—consistent with broader legal and regulatory standards.

Read this Policy in conjunction with our [Terms & Conditions] (“Terms”), [AML/BSA Policy], [KYC Policy], Source of Funds Policy, [Privacy Policy], and additional relevant guidelines. Should any conflicts arise, the Terms prevail.

2. SCOPE AND APPLICATION

This FinCEN Compliance Policy extends to all users, employees, and third-party service providers linked to EWSweeps247. Our aim is to preserve the Platform’s integrity and prevent its misuse for any unlawful financial ventures.

3. KEY COMPLIANCE PRINCIPLES

3.1. Know Your Customer (KYC) Standards

  • Identity Verification: We employ rigorous identity checks to verify user identities. In certain cases, users must submit a valid government-issued ID and proof of address (see [KYC Policy]).

  • Secure Data Handling: All verification data is stored securely and exclusively for compliance purposes, consistent with our [Privacy Policy] and data protection norms.

3.2. Anti-Money Laundering (AML) Program

EWSweeps247 practices a risk-based AML program to prevent misuse of our Platform:

  • Customer Due Diligence (CDD): Identifying and validating user identities with robust KYC methods.

  • Enhanced Due Diligence (EDD): Applied to higher-risk users or extensive transactions, based on risk analysis.

  • Ongoing Monitoring: Continuous transaction oversight to identify and review suspicious activity.

3.3. Suspicious Activity Reporting (SAR)

  • SAR Filings: We file Suspicious Activity Reports with FinCEN if certain transaction patterns or user activities suggest potential financial crimes.

  • Confidentiality: By law, we do not notify users when SARs are submitted.

3.4. Currency Transaction Reporting (CTR)

  • CTR Obligations: EWSweeps247 submits CTR filings for transactions that exceed regulatory thresholds.

  • Additional Information: Users handling high-value transactions may be required to provide extra details to ensure compliance.

3.5. Record Retention

We preserve compliance records (e.g., ID data, transaction logs, reporting documents) for at least five (5) years, as required by FinCEN regulations.

3.6. Prohibited Activities

Strictly disallowed on the EWSweeps247 Platform:

  • Concealing Fund Origin: Attempting to disguise a source of funds.

  • Unauthorized Transactions: Using the Platform for unauthorized or disguised financial activities.

  • Structuring: Dividing transactions to evade reporting thresholds.

3.7. Training and Internal Controls

  • Employee Training: Our staff undergo routine AML, KYC, and FinCEN compliance instruction.

  • Internal Controls: We periodically verify that transaction-monitoring tools and risk assessments remain effective.

3.8. Third-Party Vendors and Partners

We guarantee that external payment processors and service providers follow FinCEN mandates and AML criteria, per our [AML/BSA Policy] and Source of Funds Policy.

3.9. Enforcement and Consequences

Breaches of this Policy can lead to:

  • Account Suspension or Termination: Immediate freeze or closure for non-compliant actions.

  • Reporting to Authorities: Notification of relevant agencies (including FinCEN).

  • Legal Action: Possible fines or license revocations.

3.10. Policy Review and Updates

We periodically update this FinCEN Compliance Policy to reflect legislative changes and industry best practices. Notifications of significant changes appear on our website; by continuing to use the Platform, you accept the updates.

4. USER ELIGIBILITY AND COMPLIANCE

EWSweeps247 is limited to lawful territories where users meet minimum age requirements. We conduct thorough KYC checks before processing major prize redemptions or whenever suspicious behavior arises—helping us deter fraud and fulfill AML/FinCEN criteria.

5. DATA PROTECTION AND PRIVACY

We observe data privacy in line with GDPR, CCPA, and applicable regulations:

  • Secure Data Storage: Personal and verification information is protected by industry-standard encryption and controlled access.

  • Data Access Controls: Only authorized staff handle sensitive user data.

  • User Rights: Users can use GDPR/CCPA rights (access, rectification, erasure, data handling preferences) under our [Privacy Policy].

6. ALIGNMENT AND INTEGRATION WITH EXISTING POLICIES

This FinCEN Compliance Policy is tightly integrated with our broader compliance framework:

  • Cross-Referencing: Each segment references related sections in the Terms, Privacy Policy, AML/BSA, KYC, GDPR Policy, Cookie Policy, Responsible Social Gameplay Policy, and Source of Funds guidelines.

  • Consistent Terminology: Terms like “Customer Account,” “Social Coins,” “AML Compliance Officer,” or “FinCEN” are consistently applied.

  • Compliance Statements: Affirms our adherence to AML/BSA, data protection statutes (GDPR/CCPA), and responsible gambling standards.

  • Data Protection: Emphasizes synergy with our Privacy Policy and GDPR approach.

  • User Rights/Responsibilities: Calls out user obligations to submit accurate info and abide by KYC and AML policies.

7. RECOMMENDATIONS FOR FURTHER ASSURANCE

  • Legal Review: Ongoing evaluations by financial compliance professionals address evolving regulations.

  • Policy Accessibility: This FinCEN Compliance Policy is presented in our site’s “Legal” or “Policies” area to elevate user awareness.

  • Regular Updates: We consistently monitor regulatory changes and revise this Policy, reinforcing user trust.

  • Employee Training: Continuous instruction for staff ensures consistent application of FinCEN mandates.

  • Internal Audits: Routine audits confirm that controls meet legal standards and swiftly rectify any discrepancies.

8. CONTACT INFORMATION

For queries about this FinCEN Compliance Policy or to alert us to suspicious transactions, please contact:

EZ Sweeps Inc.
 500 Shatto Pl, Suite 420
 Los Angeles, CA 90020
 Email: [email protected]
 Website: https://www.ezsweeps247.com
 Phone: (213) 263-9898


End of FinCen compliance Policy.

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