Compliance
AML Policy (Anti- Money Laundering)
1. Introduction
At Buhotec Miami LLC, we are fully committed to complying with all applicable local and international laws and regulations aimed at preventing money laundering, terrorist financing, and other illicit financial activities. This policy outlines our dedication to transparency, integrity, and international best practices in every market where we operate.
2. Scope
This policy applies to all our clients, partners, suppliers, and employees. It governs our electronic goods trading operations, with particular focus on:
• International transactions
• Cash payments, Crypto and foreign exchange intermediaries
• Cross-border shipping
• Clients located in high-risk jurisdictions
3. Compliance Practices
Buhotec enforces robust internal controls and compliance protocols, including:
Know Your Customer (KYC):
We conduct thorough identity verification of both individual and corporate clients before engaging in any significant transactions. This process is supported by industry-leading third-party tools to ensure compliance with applicable regulations and to mitigate financial crime risk.
Upon initial contact, we allow up to 24 hours to gather and analyze data from our verification systems to determine whether we can proceed with the business relationship. If the entity or individual does not meet our compliance standards, we will notify them promptly and discontinue onboarding.
For existing clients, we perform ongoing monitoring and reassessment every 3 to 6 months. If any changes in risk profile, beneficial ownership, or legal standing are identified—particularly those conflicting with U.S. laws, AML/CFT frameworks, FinCEN guidelines, or international sanctions—we will evaluate whether to continue the relationship or proceed with its termination.
Monitoring of unusual transactions:
We conduct internal reviews and assessments of transactions that involve large amounts, complex structures, or multiple beneficiaries. Additionally, our banking partner supports this process by providing relevant information on any potential risks associated with the accounts involved
Internal reporting:
Any suspicious activity is promptly escalated to our Compliance Team for evaluation. If warranted, we initiate the appropriate reporting procedures to the relevant authorities. This includes filing Suspicious Activity Reports (SARs) or equivalent notices with agencies in their countries or FinCEN in the United States, depending on the jurisdiction. Our team communicates directly with these authorities via official channels, including designated reporting portals and secure email submissions, to ensure full compliance with AML, sanctions, and financial crime regulations
Sanctions and risk list screening:
We use trusted third-party tools to screen all counterparties—individuals and entities—against a comprehensive range of international watchlists and sanctions databases. These include OFAC (U.S. Treasury), Interpol, the United Nations Security Council (UNSC), the European Union (EU), HM Treasury (UK), and other relevant national authorities. We also perform checks for Politically Exposed Persons (PEPs) and individuals/entities linked to adverse media or financial crime risks. This screening process forms a core component of our risk-based approach to compliance with AML, CFT, and sanctions regulations
4. Prohibited Activities
We do not accept or process payments or engage in business relationships that involve:
• Unverifiable sources of funds
• Third-party accounts without clear contractual justification
• Transactions involving sanctioned countries or entities
• Shell companies or structures that conceal the true beneficial owners
5. Training and Ongoing Improvement
Our team receives regular training on AML practices, red flag identification, and financial crime prevention. This policy is reviewed and updated at least annually.
6. Contact Information
For questions, suggestions, or to report a suspicious activity related to Buhotec, please contact us at:
7. Acknowledgment
By engaging in business with Buhotec, our clients and partners acknowledge and agree to this policy and our commitment to international compliance standards.