AML Policy

1. AML rules

1.1. The company Accey s.r.o. (hereinafter referred to as the "Company") must prevent any misuse of the payment system (e.g., for the legalization of proceeds of crime), therefore it must apply its own AML rules based on the Czech Act No. 253/2008 Coll., the Act on Selected Measures against Legitimisation of Proceeds of Crime and Financing of Terrorism.

1.2. The consequence of these rules is, among other things, that the Company must identify all the merchants, i.e. to verify their identity, as well as the beneficial owners in case of companies.

1.3. The full wording of Act No. 253/2008 Coll. is available at zakonyprolidi.cz.

2. Internal rules and procedures

2.1. In addition to the AML Act, the Company's internal policies and procedures define how the Company monitors its payment system against its misuse for fraudulent transactions. This means that the Company:

  • monitors and evaluates suspicious transactions;
  • checks e-shops;
  • checks merchants at the level of management and ownership structures against the EU sanction lists;
  • and more.

2.2. All these activities are subject to control by the Czech National Bank and other relevant authorities supervising the Company.

3. Some steps to prevent illegal activities

3.1. The company Accey s.r.o. applies a four-level identification system. If not only a personal account, but also a company account is managed, the person is asked to provide personal information as well as key activity data as performed by the company.

3.2. In case of suspicion, the client is asked to provide information on payments and related transactions, because the monitoring of the client, the nature of its activities, the recipient and the origin of the funds allows to eliminate any suspicions.

3.3. All payment services providers and supervisory authorities follow these principles in a unified way and work together in the common interest of ensuring the well-being of society.

3.4. In addition, the Company applies a variety of procedures in accordance with its AML policy and internal procedures and regulations. To ensure continued effectiveness, these procedures are improved and adapted to reality, while the Company does not communicate specific procedures with the public, except in situations defined by law.

4. Card association rules

4.1. The Card Association is an association of credit card issuers, including Visa, Mastercard, Diners Club, American Express, Discover, and others. The Card Associations stand at the very top of the pyramid in the business of payment cards, so they decide who can handle their cards and who cannot. The rules of the associations thus fundamentally affect the Company's attitude to the acceptance of payment cards.

4.2. The Association strives to guarantee maximum security for customers paying on the Internet. And because some industries bear greater risks (such as money laundering, fraudulent payments, deception of the customer, ruining the reputation of the card business), the association is trying to limit such kinds of goods.

5. Prohibited goods

5.1. There is a list of sectors with which the Company cannot and does not want to cooperate. These include:

  • illegal drugs and medical devices;
  • illegal sale of tobacco products;
  • aggressive pornography and depiction of violence;
  • illegal gambling and lotteries;
  • goods and services infringing copyrights;
  • drugs and drug application devices;
  • illegal sale of game, plants and products thereof;
  • illegal electronic equipment;
  • coercive sales;
  • counterfeit goods;
  • charging of US government forms;
  • some financial services offered to Japan and Canada.

5.2. We do not cooperate with e-shops selling such goods and services.

6. Risk categories

6.1. Risk categories are not a priori prohibited. For some, cooperation can be established, but only under certain conditions.

6.2. For example, the Company must not provide credit card payment for some industries, while it is possible for some industries, but under a different fee policy.

6.3. Risk categories include in particular:

  • tourism and cultural events – the problem with travel agencies and tickets for cultural events is that the payment is made well in advance before the event takes place. If the company goes bankrupt or the concert does not take place, chargebacks may arise, which are not desirable;
  • addictive products (tobacco, alcohol, cannabis) – there is no guarantee that addictive products are not sold to minors and children. Unlike at an e-shop, you can check personal IDs in a physical store;
  • health industry and medicine (medicines, food supplements) – these products can be misused for the production of drugs, or their improper sale can cause harm to health or life of customers;
  • sex and eroticism (sex chat rooms, dating sites, etc.) – products and services in this category can easily fall into the prohibited category of pornography;
  • others.

6.4. However, there are many other categories that the Company considers risky. As examples:

  • digital gaming keys (licenses), gambling or mobile phone recharging coupons – very liquid goods that can be targeted by fraudsters with stolen credit cards;
  • discount portals – from time to time the discount portal or service provider crashes and people get neither goods nor their money;
  • file sharing – problematic, because the shared content may be subject to copyright;
  • marketplace – very difficult to trace to prevent risky or prohibited categories from being sold on the marketplace.

7. Other assessed criteria

7.1. The goods type is not the only criterion assessed by the Company. Attention is paid mainly to:

  • history of the company and e-shop – established company, well-known brand or large e-shop – all these facts have a significant influence on the approval of cooperation;
  • ownership structure – the beneficial owners of the company are checked if the ownership structure is unclear;
  • customer reviews – if the e-shop has long-term poor reviews and dissatisfied customers, it has little chance of cooperation being established.