Anti-Money Laundering Policy - Get Wholesale Houses

AML Policy Statement

ZERO TOLERANCE FOR MONEY LAUNDERING

WholesaleHome has zero tolerance for money laundering, terrorist financing, and other financial crimes. We are committed to full compliance with all applicable AML laws and regulations.

This policy applies to all platform users, transactions, and business relationships. We implement comprehensive procedures to detect, prevent, and report suspicious activities.

Know Your Customer (KYC) Requirements

Identity verification requirements for platform users:

Basic KYC Requirements:

Government-issued photo identification
Proof of address (utility bill, bank statement)
Email and phone verification
Social Security Number or Tax ID for US users
Date of birth verification

Enhanced Due Diligence (EDD) Triggers:

High-value transactions exceeding $25,000
Frequent large transactions
Users from high-risk jurisdictions
Politically Exposed Persons (PEPs)
Unusual transaction patterns
Cash-intensive business backgrounds

Verification Process

Identity verification may include background checks, business credential verification, and source of funds documentation for high-risk users.

Suspicious Activity Monitoring

We actively monitor for suspicious activities that may indicate money laundering or other financial crimes:

Transaction Red Flags

Unusually large transactions
Multiple small transactions to avoid reporting
Complex transaction structures
Transactions with no apparent business purpose

Behavioral Red Flags

Reluctance to provide identification
Unusual nervousness or evasiveness
Little knowledge of property investment
Inconsistent or changing information

Geographic Red Flags

Transactions involving high-risk countries
Cross-border payments without clear purpose
Addresses in sanctioned jurisdictions
Unusual shipping or billing locations

Payment Red Flags

Cash payments for large amounts
Third-party payments without explanation
Cryptocurrency from unknown sources
Wire transfers from unrelated accounts

Reporting Procedures

Our procedures for reporting suspicious activities to appropriate authorities:

FinCEN Reporting: Suspicious Activity Reports (SARs) filed with Financial Crimes Enforcement Network
Currency Transaction Reports: CTRs filed for cash transactions exceeding $10,000
OFAC Screening: Regular screening against Office of Foreign Assets Control sanctions lists
Law Enforcement Cooperation: Full cooperation with law enforcement investigations
Regulatory Compliance: Compliance with all federal and state AML requirements
Record Keeping: Detailed records maintained for all required reporting periods

No Notification to Users

Federal law prohibits notifying users when suspicious activity reports are filed. Attempting to discuss or inquire about SAR filings may itself be illegal.

Training and Compliance Program

Our comprehensive AML compliance program includes:

Employee Training: Regular AML training for all employees
Compliance Officer: Designated AML compliance officer oversight
Policy Updates: Regular review and updating of AML procedures
System Monitoring: Automated transaction monitoring systems
Record Retention: Comprehensive record keeping for regulatory requirements
Audit Program: Regular internal and external AML audits

Compliance Officer Contact

For AML compliance inquiries, please contact us through our Contact Form

User Obligations

All platform users have obligations to support AML compliance:

Provide accurate identification and verification documents
Report suspicious activities or transactions you observe
Cooperate with verification and investigation requests
Maintain accurate account and business information
Comply with transaction limits and monitoring requirements
Report changes to risk profile or business operations

Account Restrictions

Accounts may be frozen or terminated immediately if suspected of involvement in money laundering or other financial crimes.

AML Contact Information

Compliance Contact

For all AML, suspicious activity, and regulatory inquiries, please contact us through our Contact Form

Last Updated: August 29, 2025

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