Ride The Litecoin AML Policy


Anti-money Laundering Policy (AML Policy)

RidetheLitecoin is a global organization under the Law on Measures against Money Laundering and as such, must design and implement Internal Rules for control and prevention of money laundering activities. The Internal Rules represent RidetheLitecoin's policy regarding the detection, prevention and reporting: regarding all attempts to use its websites and/or services to illegally launder money, to finance illegal activities such as terrorism and drug trafficking, or to commit fraud.

Through the RidetheLitecoin.co website, RidetheLitecoin offers willing donors (local or international) the ability to donate bitcoins to each other, with our decentralized, peer to peer Bitcoin Donation Platform. People can browse through the different members with active campaigns, select a charitable cause they associate with and donate an amount of bitcoins in accordance with their preferences.

RidetheLitecoin recognizes that decentralized and distributed digital currency and payment systems: in which payments are processed and secured by advanced cryptography and distributed computing power instead of a central bank, corporation or government pose a risk of illegal uses (as do all financial systems). RidetheLitecoin believes, however, that the legitimate use of math-based currency networks provide untold benefits and efficiencies within the global economy, especially in relation to charitable giving to small-size campaigns. Accordingly, RidetheLitecoin has implemented this Policy and its accompanying Internal Rules to assess the specific risks posed by the RidetheLitecoin's innovative service and to establish specific controls to address those risks as required by law.

It is the RidetheLitecoin's policy to comply with applicable laws and regulations regarding AML, and to detect and prevent the use of its websites and/or services for money laundering or to facilitate criminal or terrorist activities. While RidetheLitecoin is committed to protecting its users' privacy, it will not allow people to use its websites and/or services to launder money, commit fraud or other financial crimes, finance terrorist activities, or facilitate other illegal conduct.

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