Anti-Money Laundering Policy

PrimeTruit Bank is committed to complying fully with all applicable anti-money laundering (AML) and counter-terrorism financing (CTF) laws and regulations. This policy outlines our approach to preventing, detecting and reporting financial crime.

1. Our Commitment

PrimeTruit maintains a zero-tolerance policy toward money laundering, terrorist financing and all other financial crimes. We comply with the Bank Secrecy Act (BSA), the USA PATRIOT Act, FinCEN regulations and all other applicable federal and state AML laws. Our AML program is reviewed and updated regularly to reflect changes in regulation and emerging threats.

2. Know Your Customer (KYC)

All customers are required to provide accurate identification information at the time of account registration, including full legal name, date of birth, residential address and valid contact details. PrimeTruit reserves the right to request additional documentation at any time to verify identity, including:

• Government-issued photo ID (passport, driver's license)
• Proof of address (utility bill, bank statement dated within 3 months)
• Source of funds documentation for large deposits
• Business registration documents for corporate accounts

Accounts that cannot be verified may be suspended or closed without notice.

3. Transaction Monitoring

All transactions on PrimeTruit are monitored for unusual or suspicious activity. Our systems flag transactions that:

• Involve unusually large amounts inconsistent with account history
• Appear structured to avoid reporting thresholds
• Involve multiple rapid transfers with no clear business purpose
• Originate from or are destined for high-risk jurisdictions
• Are associated with known fraud patterns

All cryptocurrency deposits are manually reviewed and approved by our administrative team before being credited to any account.

4. Suspicious Activity Reporting

PrimeTruit is legally required to file Suspicious Activity Reports (SARs) with FinCEN for any transaction or pattern of activity that we believe may involve money laundering, fraud or other financial crimes. We are prohibited by law from informing customers when a SAR has been filed. We cooperate fully with law enforcement agencies in all investigations.

5. Sanctions Screening

All customers and transactions are screened against OFAC (Office of Foreign Assets Control) sanctions lists and other applicable watchlists. PrimeTruit does not open accounts for, or conduct transactions with, individuals or entities that appear on any government sanctions list. Any matched accounts will be frozen immediately pending investigation.

6. Staff Training

All PrimeTruit staff with customer-facing or transaction-processing responsibilities receive regular AML training covering recognition of suspicious activity, reporting obligations, KYC procedures and sanctions compliance. Training is updated at least annually or whenever significant regulatory changes occur.

7. Contact

To report suspicious activity or for AML compliance inquiries: