I. Our Commitment to Ethical Practices
At SaveThem India Foundation (STIF), we hold ourselves to the highest ethical standards. We
are dedicated to maintaining transparency and compliance with all relevant laws, including
those pertaining to anti-money laundering (AML). This policy underscores our commitment to
preventing illicit activities on our crowdfunding platform and outlines the responsibilities of
all users.
II. Understanding Money Laundering and Suspicious Transactions
Defining Money Laundering: Money laundering involves disguising the origin and ownership
of illegally obtained proceeds to make them appear legitimate. Individuals or organizations
engaged in criminal activities, such as terrorism, tax evasion, or bribery, may resort to money
laundering.
Identifying Suspicious Transactions: Recognizing potential money laundering activities
requires vigilance. While the list is not exhaustive, users should be cautious of transactions
that:
Involve incomplete or false information.
Exhibit reluctance to disclose pertinent details.
Are linked to high-risk jurisdictions.
Show inconsistencies in payment methods or patterns.
III. Upholding Compliance
Adhering to Applicable Laws: All users must comply with relevant laws while utilizing STIF's
platform. This includes ensuring that funds contributed to campaigns originate from lawful
activities and are not intended for illicit purposes.
Reporting Suspected Activity: Users are encouraged to promptly report any suspicious
transactions or activities to the appropriate authorities to facilitate investigation and action.
IV. Actions by SaveThem India Foundation
Upon detecting suspicious transactions or breaches of this policy, STIF may take necessary
actions, including investigation, reporting to authorities, or suspension of accounts or
campaigns.V. Consequences of Non-Compliance
Users acknowledge the potential consequences of violating this AML Policy, including liability
for damages resulting from non-compliance.
VI. Limitation of Liability
STIF assumes no responsibility for illegal transactions on its platform. Additionally, STIF is not
liable for any repercussions arising from actions taken in accordance with this policy and
applicable law.
VII. Cooperation and Compliance
Users agree to cooperate fully with STIF and relevant authorities in any inquiry or
investigation related to AML compliance.
VIII. Record-Keeping and Disclosure
STIF maintains records of user identities and transactions as required by law and may
disclose such information to authorities as necessary.
IX. Good Faith and Accuracy
Users are expected to act in good faith and provide accurate information to STIF. Any
concerns or suspicions should be reported promptly.
X. Policy Amendments
STIF reserves the right to amend this AML Policy as needed, with users encouraged to review
it periodically for updates.
XI. Governing Law and Jurisdiction
Disputes related to this policy are subject to the exclusive jurisdiction of Mumbai courts and
governed by Indian law.
XII. Survival Clause
This AML Policy remains in effect even after the termination of the user's relationship with
STIF.
XIII. Contact Information
For inquiries or assistance regarding this policy, users may contact STIF at
pravin@savethem.in.
[Director: Pravin Kalaiselvan][Location: Mumbai, India]