Rules/AML/KYC

User Agreement

This User Agreement (hereinafter referred to as “Agreement”) is an electronic agreement between the User and WMStream Service (hereinafter referred to as “WMStream Service”) and contains the rules of work on WMStream Site at https://wmstream.pro/ (hereinafter referred to as “Site”) and conditions of access to the services provided by the Site. Before using the Site, a person-user of the Site (“User”) must carefully read the described terms and accept this Agreement. By registering on the Site, the User confirms that he/she has read, understood and fully accepts the terms and conditions of this Agreement, and agrees to be bound by the terms and conditions in the effective version, subject to any subsequent changes or amendments.

This Agreement is considered to be accepted by the User:
– User has read the terms of this Agreement and all material parts thereof;
– The User provides complete and accurate information, including login, email address and password;
– The User has put the required tick in the special field under the heading “I read and accept the User Agreement”;
– Pressing the “Register” button indicates the User’s consent and understanding of the terms of this Agreement.

After completing these actions, the registration process is considered completed and the terms of the Agreement are binding.
If the User does not accept the Agreement and is not obliged to comply with its terms, the User should immediately stop using the Site.
The Site Administration reserves the right to updаte and change the test of the Agreement at its sole discretion without notice to Users. New version of the Agreement comes into force immediately after its publication on the Site. User is obliged to independently monitor new versions of the Agreement. By continuing to use the Site after the changes take effect, User automatically accepts the new version of the Agreement. If the User does not agree with the terms of the new version of the Agreement, he/she should deactivate his/her account.

Access to the Site’s services is restricted, make sure you meet the eligibility criteria set forth in this Agreement.
The WMStream Service does not currently provide services to residents or citizens of the United States.

1 Terms and Definitions

1.1 WMStream Service – a platform for searching counterparties and making over-the-counter transactions.
1.2 Order is the User’s making an offer to buy or sell virtual currency using the Services provided by the Service.
1.3 Intellectual Property means all materials published on the Website and all Services provided by the Service are the property of the Service and are not subject to third party use, including publication, distribution or duplication.
1.4 Exchange rate is the ratio of the different virtual currencies to each other.
1.5 Confidential Information – any information that the User receives or learns as a result of receiving WMStream products and/or Services or otherwise as a result of the User’s access to and use of the Platform that is confidential or proprietary to WMStream, its Affiliates and/or third parties, licensors (including any Third-Party Providers), including any information that can be extracted from or that relates to any WMStream products and Services, as well as information that is not otherwise available to the User.
1.6 Exchange – transactions entailing the transfer of virtual currency from one person to another using money.
1.7 User means any natural person who is registered on the Platform and agrees to the terms and conditions of this Agreement, the User is at least 18 years old, the laws of his or her country of residence do not prohibit the use of the Service, and the User is not planning any illegal actions by using the WMStream Service.
1.8 Privacy Policy is the rules of collecting, storing, distribution and protection of the Personal Data obtained by WMStream from Users, which is an integral part of the Agreement and is available in Russian under the link Privacy Policy.
1.9 Money Laundering, Terrorist Financing and Know Your Customer Policy – Money Laundering, Terrorist Financing and Know Your Customer Policy (AML/CTF and KYC Policy), which contain a program for the prevention of money laundering and terrorist financing, which is an integral part of this Agreement.
1.10. Privacy Policy – the rules for collecting, storing, distributing and protecting Personal Data received by WMStream from Users, which is an integral part of the Agreement.
1.11. Payment system – online service, which carries out the realization of payment for goods and services by means of virtual money transfers.
1.12. Payment – transfer of funds carried out with the help of the payment system.
1.13. Platform – a trading platform for searching counterparties and making over-the-counter transactions.
1.14. Personal Data – information which identifies a person, such as name, address, e-mail address, bidding information and bank details. The term “Personal Data” does not include anonymous and/or aggregated data that does not allow identifying a specific User.
1.15. Agreement – this User Agreement and its integral parts, subject to any additions and/or amendments that may be made in the manner determined by their terms.
1.16. Website – a set of information, texts, graphic elements, design, images, photo and video materials and other results of intellectual activity, as well as a set of computer programs contained in the information system that makes such information available at https://wmstream.pro/, including any sub-domains, and if the domain or material of the Website should be changed for any reason, it includes the Website after any such changes.
1.17. Title Deed – is a conventional unit of virtual and other types of currencies payment system, which corresponds to the settlement of electronic systems and denotes the volume of rights corresponding to the agreement of different payment systems and its owner.
1.18. Service means the transactions for depositing and withdrawing virtual currencies as well as other services the information about which is published on the Service website.
1.19 “Electronic Document” means information in electronic digital form.

2. Introduction .

2.1 This Agreement regulates the relations between the User and the Service within the framework of the services provided by the Service to the User, and cancels all prior agreements between the Service and the User on this subject.

3. Subject matter of the Agreement

3.1 The subject matter of this Agreement is the services provided by the Service, as described on the website.
3.2 The Service offers its services to all Users and does not check the legal competence of the Users to dispose of these funds, nor does it monitor any of the Payment Systems.
Payment systems and/or financial institutions are solely responsible for the funds entrusted to them by the User. The Service is not a party to the agreement between the Payment system and/or financial institution and the User, and is not responsible in any way for improper or unauthorized use of the Payment system by the User, as well as for misuse of the Payment system functionality by the User. Mutual rights and obligations of the User and the Payment system and/or financial institution are regulated by respective agreements.
3.4 Any completed User’s funds exchange transaction is considered non-cancellable, i.e. cannot be cancelled by the User.

4. Rights and liabilities of the Parties

4.1 The Service reserves the right to suspend or cancel an operation if the authorized bodies have received information about the unauthorized possession of the User’s funds and/or any other information making it impossible for the Service to render services to the User.
4.2 The Service may suspend, deny the refund or cancel the transaction if the User has violated the terms of this Agreement.
4.3 The Service reserves the right to cancel the operation in progress and return the title units deposited by the User without giving a reason.
4.4 The Service undertakes to take all possible and available steps to prevent the attempts of illicit trading, financial frauds and money laundering using the Service. The mentioned actions include: providing all possible assistance to law enforcement authorities in search and seizure of financial terrorists involved in illegal money laundering activities; providing information related to the Service to the competent authorities in accordance with the current legislation; improving the Service to prevent the direct or indirect use of the Service in activities contradicting the legislation aimed at fighting illegal trade, financial frauds and smuggling of funds.
4.5.1 In case any suspicious traffic of the User is detected, the Service reserves the right to exchange all the information about the User’s identity, transaction request and currency upon law enforcement authorities’ request.
4.6 By registering at the Service, the User confirms that they agree with these Rules and accept the conditions of the Agreement, the User has reached the age of 18, the laws of their country of residence do not prohibit the use of the Service, and the User does not plan to carry out any illegal activities through the Service.
4.7 During registration for the Service, the User warrants that they provide complete, truthful and up-to-date information about themselves, and undertakes to updаte this information in a timely manner in order to keep it up to date.
4.8 The User guarantees the confidentiality of the registration data and access to their account, and assumes full responsibility for all activities under their account, including in the case of hacking or unauthorized access.
4.9 The User undertakes to promptly report any security breach of their account.
4.10. The Service has the right to block the User’s account if it is suspected of being illegal, has been hacked, or is in breach of Service rules. The User’s account is blocked without the right to restore it in case the User has created any obstacles for the Service’s operation.
4.11. By accepting the terms of this Agreement, the User guarantees that he/she is a legal owner of the funds and/or cryptocurrency.
4.12. By accepting this Agreement, the User confirms that they understand the principles of the Service and assumes full responsibility for all the risks and losses related to the use of the Service.
4.13 . WMStream Service does not provide services to citizens, residents of the USA and users residing in the USA, – http://www.fincen.gov/statutes_regs/guidance/html/FIN-2012-A001.html.
4.14. The services provided by WMStream Service may be prohibited by law in some jurisdictions. By accepting the terms of use of the WMStream Service, the User confirms that he or she is not a resident of such a jurisdiction, including, but not limited to, the Federal Republic of Germany and the United States of America.

5. Services of the Service

5.1 Ordering services of the Service and receiving information about the User’s transaction performance is done only by contacting a representative of the Service.
5.2 The Service offers its services according to the Service’s internal working hours.
5.3 Questions and complaints about the exchange requests are accepted within 24 hours from the moment of processing. After 24 hours the exchange requests are considered as properly executed or not paid, depending on their status at the time of the expiration of this period.
5.4 In case of any suspicious actions by the User and in case of using suspicious assets by the User, the Service may withhold payment and require additional verification of the User’s identity and internal analysis of the funds used by the User.
5.5 The Service reserves the right to refuse the exchange unilaterally.

6. Service fees

6.1 The Service administration determines the fees charged by the Service and publishes them on the Service website. The Service administration is entitled to change the fees without any notice.
6.2 The Service is not responsible for the User’s expectations about the changes in tariff plans and service costs.

7. Warranties and responsibilities of the parties

7.2 The Service guarantees the fulfillment of the User’s obligations only within the amounts the User has entrusted to the Service for the transaction.
7.3 The Service guarantees and ensures the confidentiality of the information about the User and their operations. The Service may disclose this information only upon request of the authorized state bodies, officials or Payment Systems’ representatives for legitimate reasons.
7.4 The Service makes every effort to ensure uninterrupted functioning of the Service; however, it does not guarantee the absence of technical problems resulting in full or partial suspension of the Service. The Service is not responsible for any losses, lost profits or other expenses of the User resulting from their inability to access the Site or the Service.
7.5 The Service is not responsible for any damage caused to the User, even if they were aware of it in advance. The Service is not responsible for obtaining information about the User’s activities by third parties in case of hacking and data acquisition by third parties.
7.6 The Magnetic Exchange assumes no responsibility for any damage, loss of profit, or any other User’s expenses caused by their false expectations in respect of the fees, profitability of the transactions or any other subjective factors.
7.7 The User shall reimburse losses and damages of the Service (the management company, executives and employees) in case of claim or demand, directly or indirectly related to the using the Service by the User.
7.8 The User accepts that the Service is not responsible in case of communication failure, Internet interruption or force majeure events.
7.9 The User guarantees that he/she is an owner or has an authorized right to dispose of funds used in his/her transactions.
7.10 The User undertakes not to falsify the communication flows related to the operation of the Service.

8. Force Majeure

8.1.The Parties shall be exempt from liability for full or partial failure to perform obligations under this Agreement in the event that the failure to perform obligations was caused by force majeure, namely: fire, flood, earthquake, terrorist acts, change of government, civil unrest, DDOS attacks on the service, as well as failure of the Payment systems, power supply systems, communication networks and Internet service providers.
8.2 In the event of an error in the payment of the exchange, the User will receive a notification of the status of the application and/or to the specified email.
8.3 If the request is paid after the time allocated for payment of the request, the service reserves the right to refund the payment on the request minus the commission back to the User or recalculate at its discretion.
8.4 If the exchange rate of the order does not correspond to the market rate for any reason, including the failure of the site, the exchange service has the right to recalculate the order at the current rate or issue a refund to the User.
8.5 In case of any suspicious assets/funds which violate the AML Policy of the Service and any suspicious/fraudulent actions of the User, the Service has the right to suspend the payment, withhold the funds and make an internal investigation to find out the origin of the funds sent by the User as well as to demand the following information from the User:

– Last Name, First Name, Middle Name;
– Passport photo/scan;
– driver’s license
– Other personal identification documents;
– Documents that confirm the location/residence address (utility bill or other document with the stamp and address);
– photo/selfie with passport in hands
– Email address;
– cell phone number;
– A written explanation of the origin of the funds indicating the specific assets/means, with the transaction, date, name and signature;
– other information confirming the legitimacy of possession of funds (if any).

8.6 The Magnetic Exchange assumes no financial responsibility to the User if the details of the payment have been specified incorrectly by the User and the Service has paid the User by sending the payment to the details specified in the application.

9.1 Exchange of Cryptocurrencies

9.1 The Service automatically sets the exchange rate and publishes it on the Service’s website.
Requests made by the Service in the automatic mode can be made up to 12 hours. Manual orders can be placed for up to 36 hours.
9.1.2 The Service reserves the right to change the exchange rates unilaterally at any time.
9.1.3 Fixing the exchange rate and the procedure for changing the rate in the application:
– The exchange rate is locked at the moment of creating an order for 10 minutes from the moment the direction of the exchange is chosen, after this time a new rate will be automatically offered;
– If a user has time to create an order within 10 minutes, the exchange rate is prolonged for another 15 minutes for the order payment. If the user did not have time to make the payment and change the status of the application to paid, by clicking on the button “I have paid”, then after time, the application will be automatically deleted;
– Service reserves the right to unilaterally change the exchange rate if more than 3 hours have passed since the transaction appeared in the virtual currency network, and there is no 2 confirmations of the transaction from the virtual currency network;
– Service reserves the right to change the exchange rate unilaterally if the User is at fault and the User has not provided correct information to the Service’s email within 3 hours;
– The Service reserves the right to recalculate the exchange rate unilaterally if the initial exchange rate has changed by 1% or more before the funds are credited to our account by the User.

9.1.4 The User can manage the exchange process or receive information about the service using the special user interface on the Service website.
9.1.2 Requests for exchange of cryptocurrencies, (“Give”) are accepted for processing at the moment of reception by transaction of the established individual minimum of confirmations in quantity of 2 confirmations (the minimum is established by Service WMStream).
9.1.3 If the transaction on the order was received within the time allotted for payment and received the required number of confirmations within the time allotted for payment of the order, the exchange will be performed at the rate that is fixed in the order. The service insists on the establishment of the recommended network commission, to confirm the transaction in the first block.
9.1.4 The Service may recalculate the User’s request at the current exchange rate if

– the transaction on the application was received after the time allotted for payment;
– the transaction has not received the necessary minimum number of confirmations after 20 minutes from the moment the order was created;
– the payment on the request was not made within the time allowed for payment.
9.1.6 The rate for the directions “give” Fiat, “receive” Crypto-currency is fixed within the time allocated for payment. Recalculation of orders for these directions is performed at the current exchange rate, if the User did not have time to transfer funds to the wallet issued in his order during this time.
9.1.7 Sending funds by the Exchange Service for cryptocurrencies (“Receive”) can take from 5 minutes to 12 hours. The speed of confirmation of the transaction in the network does not depend on the service.
9.1.8 In case of high load or technical problems in the cryptocurrency network, for reasons beyond the control of the Service, the delivery time of funds to the recipient’s account can reach 48 hours.
9.1.9 If the User has paid the exchange with cryptocurrencies (“Give”), but the funds are not delivered to the account of the Service after 12 hours, the User must inform the Service support. When contacting the User must provide a screenshot of the transfer from his wallet or exchange. The transfer date and recipient’s address must be visible on the screenshot. After the User has contacted the Service support and confirmation of the transfer with a screenshot, the payment address will be archived. If the User has not contacted Service support within 12 hours from the moment the request has been made, Service reserves the right not to carry out the exchange paid with a delay of more than 12 hours or to recalculate at its discretion.
9.1.10 The recalculation of the order amount is carried out by the Service within the terms of this Agreement in automatic mode about which the Service notifies the User by sending a letter to the email indicated on the Site.
9.1.11. The Service is not responsible for the funds transferred to a blocked User’s card or if the User’s card has been blocked after the Service has transferred the funds from the User’s account.
9.1.12. All cash transactions are carried out strictly through the creation of orders on the site.
9.1.13. The rate of exchange for the “give” and “receive” cryptocurrency is fixed after the cryptocurrency is deposited to the wallet of the service and after the necessary number of confirmations is received online (the recommended number of confirmations is regulated by the service).
9.1.14 Before processing a transaction in the direction “give cryptocurrency – receive cash”, the Service has the right to request the address of the wallet from which the transaction will be sent. The rate for this direction will be affected by the purity of the transaction, as well as the degree of risk of accepting this coin for the Service.
9.1.16. Check the current rate with the operator. Due to the specifics of cash exchange (long drive to the office/the rate of cryptocurrency/dollar/ruble changed by more than 3%) the rate may change, also the rate may change if the User redeems cryptocurrency/fiat funds reserve before you.

9.2 Refunds

9.2.1 Refunds are available exclusively at the discretion of the Service.
9.2.2 To request a refund, the User must send an email to the Service at: [email protected] The letter shall be sent from the mail specified in the application, which the User wishes to receive a refund. The letter shall specify the application number and details for refunds and the reason for application.
9.2.3 Refunds shall be made net of the payment system commission for transfer and net of the Service’s costs.
9.2.4 Refund requests are considered by the Service within 48 hours.
9.2.5 Refunds on request are processed by the Service within 48 hours.
9.2.6 The Service is not responsible for the possible delays of refunds that are not caused by the fault of the Service.
9.2.6 The Service reserves the right to perform an AML check on the assets returned by the User.
9.2.7 To return the assets which have not passed the AML check, the User must pass the Complete Identity Verification Procedure (KYC).
9.2.8 When returning the assets specified in paragraph 9.2.7 of this Agreement after undergoing the KYC procedure, the Service reserves the right not to provide the User with exchange services.
9.3 Changing the details of the request recipient
9.3.1 To change the details of the recipient, the User submits a request to change the details in an email sent to the Service. The email must be sent from the mail specified in the application for which the User wishes to change the details. The letter must specify the application number, the old details from the application and the new details to receive funds.

10. Risk Confirmation

10.1 The virtual currency value is highly volatile, the value can go up or down at any time, and may pose a significant risk that the User will lose money at the time of buying, selling, holding, or investing in the virtual currency.
10.2 The User should carefully examine the information on whether trading virtual currency is suitable for him/her in light of his/her own financial condition and circumstances.
10.3 The WMStream Service does not own or control the underlying software protocols that govern virtual currency, as a rule, the underlying software protocols are “open source” and anyone can use, copy, modify and distribute them.
10.4 The WMStream service is not responsible for the operation of the underlying software protocols and is not able to guarantee their functionality, security or availability. The User acknowledges and accepts the risk that the underlying software protocols relating to any virtual currency that the User stores in their virtual currency wallet may change.
10.5 Once a withdrawal of virtual currency has been requested from the User’s account, the WMStream Service has no ability to cancel the transaction. The User and only the User is fully responsible for any withdrawal transaction.

11.Accepting the terms of service

11.1 By accepting the terms of this Agreement, the User confirms that he/she is in his/her right mind and takes his/her decision independently, without being influenced by fraud or breach of trust on behalf of the Service.
11.2 By accepting the terms of the User Agreement when making a request, the Service automatically treats it as accepting all the documentation, which regulates the operation of the Service.

Policy on the Prevention of Money Laundering and Terrorist Financing and Know Your Client Policy

Effective Date: 01.07.2021

WMStream’s Anti-Money Laundering, Anti-Terrorist Financing and Know Your Customer Policy (the “AML/KYC Policy”) is designed to prevent and mitigate the potential risks of WMStream becoming involved in any type of illegal activity.

Money laundering is defined as:

1. The conversion or transfer of property derived from criminal activity, or property received in lieu of such property, knowing that such property is derived from criminal activity or the act of engaging in such activity, for the purpose of concealing or disguising the illegal origin of the property or assisting any person involved in such activity to evade the legal consequences of that person’s actions;
2. Acquiring, possessing, or using property derived from criminal activity or property obtained in lieu of such property, knowing at the time of receipt that such property was derived from criminal activity or from an act of participation therein;
3. Concealing or disguising the true nature, source, location, disposition, movement, rights with respect to or possession of property derived from criminal activity or property received in lieu of such property, knowing that such property was derived from criminal activity or from an act of participation in such activity.
Money laundering also means participating in, associating with, attempting to commit and aiding, abetting, facilitating and counselling the commission of any of the aforementioned acts.

Terrorism financing is defined as financing and supporting an act of terrorism and its commission, as well as financing and supporting travel for the purpose of terrorism.
International and local laws and regulations require WMStream to implement effective internal procedures and mechanisms to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery and to take action in the event of any form of suspicious activity by its Users.

Monitoring, Risk Assessment and Risk-Based Approach
WMStream monitors customer transactions, assesses risks and identifies suspicious activity. It uses a specially designed system for this purpose, including the use of a high-performance tool.
WMStream uses a risk-based approach to combat/prevent money laundering and/or terrorist financing.
To determine the level of anti-money laundering, countering the financing of terrorism (hereinafter AML/CFT) due diligence to be exercised in relation to a client, a compliance risk profile (Low, Medium, High) is first calculated upon entry into the relationship and then recalculated on a regular basis.
AML/CFT compliance ensures that transactions are continuously monitored to identify unusual or suspicious transactions compared to the customer profile.
The determination of the unusual nature of one or more transactions depends primarily on a subjective assessment regarding customer knowledge (KYC), financial behavior, and the counterparty to the transaction.
If an Application is inconsistent with a customer’s known personal routine or personal habits, that Application may be deemed suspicious. Data and transaction monitoring tools are used to identify unusual/unusual patterns of client activity.
All records are retained for at least (5) years and are available upon formal request by an authorized examiner, regulator or law enforcement agency.

Verification Procedures.

In order to prevent terrorist financing and money laundering, the Law requires all financial institutions and platforms/services to obtain, verify and record information that identifies each individual or entity when registering on the Service Site. WMStream Service is required by law to ask the User to provide their name, address, date of birth and other information about them that will allow the Service to identify the User. The WMStream Service may also ask the User to provide certain identification documents, such as the User’s driver’s license, and may obtain credit history and other consumer reports, for the purpose of verifying the User’s identity and determining whether the User meets the Service’s eligibility criteria. If a User fails to provide the requested information and documentation, WMStream Service will not be able to provide its Services.
By applying for registration on the WMStream Service Website, the User agrees to provide the information and documentation requested by the WMStream Service, and agrees for the WMStream Service to obtain credit history and other consumer reports about the User for the purposes described above.
WMStream Service’s customer due diligence procedure requires that Users provide WMStream with valid, independent source documents to identify them and to verify their residential address. Such documents may include, for example, a national ID card, passport, bank statement, and utility bill. For these purposes, WMStream reserves the right to collect Users’ identifying information for purposes of complying with this Policy.
WMStream Service will take steps to verify the authenticity of documents and information provided by Users. WMStream will also verify identifying information through secondary sources, and WMStream reserves the right to further investigate instances where Users are not satisfied with the documentation provided.
WMStream reserves the right to monitor User data on an ongoing basis, especially when User identification information has been changed or their activity appears suspicious (unusual for a particular User). In addition, WMStream reserves the right to request up-to-date documents from Users, even if they have been authenticated in the past.
User identification information will be collected, stored, shared, and protected strictly in accordance with WMStream’s Privacy Policy and related regulations. User agrees that if any information provided in the registration application changes, ceases to be true or becomes materially misleading) – in which case User will notify WMStream of such changes.
After confirming the User’s identity, WMStream may refuse to provide Services to a User in a situation where it suspects that WMStream Services are being used to conduct illegal activity.
WMStream has a regulatory requirement to verify the source of fiat money and/or cryptocurrency in order to know that the sources of funds that Users use to trade are legitimate.
Users who intend to use payment cards for the purpose of consuming services must complete card verification in accordance with the instructions available on WMStream’s website.
WMStream uses independent third parties for the following purposes:

– verifying Users against lists of politically exposed persons (PEPs) and sanctions lists;
– evaluating User’s cryptocurrency wallets for investigation and AML compliance.
Responsible Officer

A Responsible Officer is a person who has been duly authorized by WMStream and whose responsibility it is to ensure effective implementation and enforcement of the Policy. The duty of such Responsible Official is to oversee all aspects of WMStream’s anti-money laundering and counterterrorist financing activities, including, but not limited to, the following methods:

– Collecting user identification information;
– Establishing and updating internal policies and procedures for completing, reviewing, submitting and maintaining all reports and records required by applicable laws and regulations;
– monitoring transactions and investigating any significant deviations from normal activity;
– implementing a records management system to appropriately store and retrieve documents, files, forms, and logs, regularly updating the risk assessment system, and providing law enforcement agencies with the information required by applicable laws and regulations.
The Responsible Official is the point of contact for WMStream when interacting with law enforcement agencies to prevent money laundering, terrorist financing, and other illegal activities.

Transaction Monitoring.

WMStream Users must go through WMStream’s identity verification process before trading. Once verification is completed, the User consents to Transaction Monitoring, and WMStream analyzes the User’s transaction patterns (what they do).
WMStream relies on data analysis as risk assessment and suspicious activity detection tools. These tools perform many compliance-related tasks, including data collection, filtering, record keeping, investigation management, and reporting.
Under the Policy, WMStream will:
– Monitor all transactions. WMStream reserves the right to ensure that suspicious transaction reports are forwarded to the appropriate law enforcement authorities through the Responsible Official;
– request any additional information and documents from the User in case of suspicious transactions;
– Suspend or terminate a User’s account if WMStream has reasonable suspicion that such User is engaging in illegal activity.
That said, the above list is not exhaustive, and the Responsible Officer will monitor Users’ transactions on a daily basis to determine whether such transactions should be reported and treated as suspicious or should be treated as bona fide.

Risk Assessment

To meet its anti-money laundering (AML) and counterterrorist financing (CTF) obligations, WMStream conducts an annual AML risk assessment. The purpose of the AML risk assessment is to prevent criminals from using WMStream to launder money by highlighting risks and evaluating the controls established by WMStream. The risk-based approach is used to identify Users and track how they use our Services.
The Responsible Officer is responsible for managing financial crime risks and making improvements in financial crime risk management by identifying the general and specific money laundering risks that WMStream faces, determining how those risks are mitigated by WMStream’s AML controls, and determining the residual risk that remains with WMStream.

Country of Residence.

WMStream defines its criteria for AML/CTF risk in this Policy. To mitigate this risk, WMStream will not accept customers who reside in countries that are considered above WMStream’s defined risk criteria.
All Users residing in the countries listed below are not served by the WMStream Service and cannot be accepted as Users. Any Users who attempt to register on the Service Site and use its Services will be denied and any funds will be returned to the source.

Full list of prohibited jurisdictions:

Afghanistan, Bosnia and Herzegovina, Democratic People’s Republic of Korea, Democratic Republic of Congo, United States of America, Eritrea, Ethiopia, Guyana, Iran, Iraq, Lao People’s Democratic Republic, Libya, Somalia, Southern Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, Vanuatu.