ONELIFE NETWORK IMPLEMENTS IMPORTANT CHANGES TO AML/CFT POLICIES

As a company dedicated to adhering to Regulatory and Compliance Requirements, the OneLife Network strives to keep up with all the latest legal developments. It is one of the network’s core values to make sure all our dealings are transparent and professional, ensuring all Members can continue to conduct their business under the best possible conditions and maintain their trust in the OneLife concept.

That is why the OneLife Network recently implemented changes to its AML (Anti-Money Laundering) Policy, and is prepared to make additional amendments whenever such action is considered necessary. We would like to remind all OneLife Members that as part of the network they are legally required to strictly adhere to the OLN Terms & Conditions, IMA Agreement and all applicable Company policies. This aims to ensure that all Members comply with the requirements, among which are the anti-money laundering and combating the financing of terrorism (AML/CFT) rules.

AML/CFT activities generate financial flows that involve the diversion of resources away from economically- and socially-productive uses, and these diversions have negative impacts on the financial sector. They also have a corrosive and corrupting effect on society and the economic system as a whole. In order to avoid possible negative consequences of these forms of financial misuse, the OneLife Network has been very active regarding its AML/CFT compliance and has been heavily involved in assuring it meets the regulations.

One of the most significant steps the OLN has taken in that direction is the implementation of know-your-customer (KYC) procedures. The KYC policy is mandatory for all Members and includes identifying the member and verifying their identity through certified documents.

We remind all OneLife Members that any violation of the company’s Terms and Conditions or IMA Policy, including the Anti-Money Laundering Requirements will be sanctioned with immediate effect and the OLN will cooperate with all Regulatory institutions in order to address and resolve the issue.