Version: 1.8
Date of Last Update: March 14, 2025
1. INTRODUCTION
EZ Sweeps Inc. (hereinafter, “Company,” “we,” “us,” or “our”), operating the https://www.ezsweeps247.com platform (the “Platform”), is fully committed to complying with federal and state regulations regarding money transmission under Money Transmitter License (MTL) laws. This MTL Compliance Policy (the “Policy”) details our obligations, licensing approach, and operational standards to ensure compliance. It should be read alongside our [Terms & Conditions] (“Terms”), [AML/BSA Policy], [KYC Policy], Source of Funds Policy, and other relevant guidelines. Where conflicts arise, the Terms govern.
2. SCOPE AND APPLICABILITY
This Policy covers all financial operations on EZSweeps247 that may fall under money transmission statutes, including:
2.1. Facilitating the Transfer of Virtual Assets or Digital Tokens
Enabling players to transfer digital currencies within the Platform.
2.2. Redemption or Conversion of Digital Assets with Real-World Value
Exchanging in-game tokens or currencies for tangible products or services.
2.3. Storage and Management of User Funds
Maintaining user funds for usage on the Platform in a safe, compliant manner.
This Policy applies to all users, employees, third-party vendors, and payment processors associated with EZSweeps247.
3. LICENSING AND REGISTRATION
We satisfy MTL mandates by:
3.1. Federal Compliance
Adhering to the Bank Secrecy Act (BSA) and registering with FinCEN when necessary.
3.2. State-Level Licensing
Acquiring Money Transmitter Licenses in the states where they are legally mandated, ensuring coverage in each jurisdiction where we provide money transmission services.
3.3. Ongoing Renewals
Routinely renewing licenses and revising our compliance protocols to reflect the latest legal developments.
4. ANTI-MONEY LAUNDERING (AML) AND KNOW YOUR CUSTOMER (KYC)
In alignment with MTL standards, we enforce a rigorous AML and KYC framework:
4.1. Customer Identification Program (CIP)
Verifying user identities at registration or before processing transactions (see also [KYC Policy]).
May require government-issued ID and proof of residence.
4.2. Customer Due Diligence (CDD)
Monitoring user behavior for irregular or suspicious activities.
Applying Enhanced Due Diligence (EDD) for high-risk profiles or significant transactions.
4.3. Transaction Monitoring
Using real-time and periodic checks via automated solutions to identify potentially illicit or anomalous actions.
4.4. Reporting Obligations
Submitting Suspicious Activity Reports (SARs) or Currency Transaction Reports (CTRs) upon meeting specific thresholds.
Collaborating fully with official agencies throughout investigations.
5. DATA COLLECTION AND RETENTION
EZ Sweeps Inc. fulfills all MTL recordkeeping requirements:
5.1. Data Retention Period
Preserving user identity details, transaction logs, and compliance data for a minimum of five (5) years.
5.2. Secure Storage
Utilizing encryption and stringent access controls to protect stored info, consistent with our [Privacy Policy].
6. PROHIBITED ACTIVITIES
We strictly disallow:
6.1. Unauthorized Money Transmission
Any unlicensed money transfer undertakings.
6.2. Bypassing Verification Protocols
Attempts to circumvent CIP, CDD, or mandatory reporting thresholds.
6.3. Illicit Financial Activities
Using the Platform for money laundering, terrorist financing, or other criminal financial ventures.
7. THIRD-PARTY SERVICE PROVIDERS
We ensure that all external vendors and payment processors comply with MTL and AML regulations:
7.1. Due Diligence
Performing thorough due diligence before contracting with service providers.
7.2. Compliance Requirements
Mandating that third parties maintain AML and KYC programs at a regulatory-compliant level.
7.3. Regular Audits
Carrying out periodic audits and checks of third-party operations to confirm adherence.
8. INTERNAL CONTROLS AND TRAINING
8.1. Employee Training
Relevant staff members receive mandatory instruction on money transmitter laws, AML techniques, Source of Funds guidelines, and data protection.
8.2. Internal Audits
Routine internal reviews confirm that we meet legal expectations and follow internal policies.
8.3. Compliance Officer
We designate a Compliance Officer accountable for MTL adherence and serving as our main liaison with regulatory bodies.
9. VIOLATIONS AND ENFORCEMENT
If an individual breaches this MTL Policy:
9.1. Account Suspension or Termination
Immediate account suspension or closure may apply to anyone engaging in non-compliant behaviors.
9.2. Legal Penalties
Regulatory authorities may impose fines, penalties, or license revocations.
9.3. Reporting to Authorities
Infractions may be conveyed to FinCEN or other law enforcement entities.
10. POLICY REVIEW AND UPDATES
We periodically reassess this MTL Compliance Policy to remain consistent with federal and state laws, SoF mandates, and best practices in AML/KYC. Substantive modifications are posted on our site, with an effective date provided. Continuing to use the Platform post-update signifies acceptance of the revised Policy.
11. CONTACT INFORMATION
For inquiries about this MTL Compliance Policy or to flag possible compliance problems, please reach out to:
EZ Sweeps Inc.
500 Shatto Pl, Suite 420
Los Angeles, CA 90020
Email: [email protected]
Website: https://www.ezsweeps247.com
End of MTL Compliance Policy.
(© 2025 EZ Sweeps Inc. All rights reserved.)
