What is the source of funds and why is it necessary?

Determining the source of funds may sound like a legal term but it is actually our obligation to obtain proof that money earned or otherwise obtained by you comes from a legitimate source – whether that is your pay (salary or remuneration), credit, savings or, for example, the result of the sale of property. 

This obligation corresponds to standard global practices formalised by the Financial Action Task Force (FATF). The FATF is an independent intergovernmental body whose main purpose is to develop and promote policies to protect the global financial system from being used for money laundering and terrorist financing purposes. Countries such as Russia, China, the US and the European Union adhere to these policies.

Elements of this obligation are also contained in national legislation. Thus, cryptoplatform "Dzengi.com", besides compliance with FATF policies, also relies on the provisions of the Law 165-З. It is this strict compliance with standards regarding anti-money laundering and combating the financing of terrorism helps to ensure safety and transparency in trading with tokens.

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