Anti-Money Laundering Policy
Last updated: August 27, 2025
Welcome to Demfati, platforms owned and operated by Demfati Group. This Anti-Money Laundering (AML) Policy outlines our commitment to preventing money laundering and terrorist financing activities through our services, including event management, ticket sales, voting, and messaging features.
1. Purpose and Scope
The purpose of this policy is to establish a framework for Demfati to comply with applicable AML laws and regulations. It applies to all employees, users, and third parties interacting with our platforms (including demfati.com, deeva.demfati.com, and associated subdomains).
2. Definitions
- Money Laundering: The process of concealing the origins of illegally obtained money, typically through transfers involving foreign banks or legitimate businesses.
- Terrorist Financing: Providing funds or financial support to terrorists or terrorist organizations.
- Politically Exposed Persons (PEPs): Individuals who are or have been entrusted with prominent public functions, their family members, or close associates.
3. Commitment to Prevention
Demfati is committed to implementing a risk-based AML program, including Know Your Customer (KYC) procedures, ongoing monitoring, and reporting of suspicious activities. We will conduct due diligence on users and transactions to mitigate risks associated with event tickets, payments, and community interactions.
4. Risk Assessment and Due Diligence
We perform risk assessments on our operations and apply Customer Due Diligence (CDD) for all users. Enhanced Due Diligence (EDD) is required for high-risk users, such as PEPs or those from high-risk jurisdictions. This includes verifying identities and monitoring for unusual transaction patterns.
5. Monitoring and Reporting
- Continuous monitoring of transactions for red flags, such as unusual payment sources or high-volume ticket purchases.
- Reporting suspicious activities to relevant authorities without delay.
- Maintaining records of all transactions and due diligence for at least five years.
6. Training and Awareness
All employees receive regular AML training to recognize and report potential money laundering activities. Users are encouraged to report suspicious behavior through our support channels.
7. Consequences of Non-Compliance
Violations of this policy may result in account suspension, termination, or legal action. Demfati reserves the right to refuse services to non-compliant parties.
8. Modifications
We may revise this Policy from time to time. Any changes will be posted on this page with an updated date.
9. Contact
For questions or concerns regarding this AML Policy, please contact us:
