Anti-Money Laundering (AML) &
Counter-Terrorist Financing (CTF) Policy
Company Name: Canvthis Marketing Management L.L.C
(hereinafter referred to as “Canvthis”)
Office: The Exchange Tower – G06-35, Business Bay, Dubai
Trade License: 1408559
Email: [email protected]
Website: www.canvthis.com
Phone: +971 58 524 5940
Jurisdiction: United Arab Emirates
1. Purpose and Applicability
This AML/CTF policy is designed to ensure that Canvthis Marketing Management L.L.C complies with UAE Federal Law No. 20 of 2018 and related guidance issued by the UAE Central Bank and Financial Intelligence Unit (FIU). It applies to all employees, contractors, customers, and users of the company’s services.
2. Policy Statement
Canvthis Marketing Management L.L.C is committed to preventing its platform from being used for money laundering, terrorism financing, or other illicit activities. The company shall take commercially reasonable steps to monitor, detect, and report such activity.
3. User Responsibility
All users of Canvthis services must:
– Comply with the UAE Anti-Money Laundering and Counter-Terrorism Financing laws.
– Ensure all transactions are lawful and properly documented.
– Promptly provide requested KYC information and keep it up-to-date.
– Refrain from using anonymization tools to disguise their identity or transaction origin.
4. Limitation of Liability
Canvthis shall not be held liable for any user’s violation of AML/CTF laws. The user bears full responsibility for compliance and for any financial or legal penalties arising from misuse of the platform. Canvthis disclaims all liability for indirect, incidental, or consequential damages.
4.1 Disclaimer of Liability
Canvthis Marketing Management L.L.C shall not be liable for any damages, losses, or expenses incurred by a user or third party arising from any illegal or unlawful activities conducted by the user while using the platform, including but not limited to money laundering, fraud, or any other criminal activities. Users acknowledge that they are solely responsible for ensuring that their activities comply with all applicable laws, including anti-money laundering regulations.
5. Indemnification
Users agree to indemnify and hold harmless Canvthis, its officers, employees, and agents from all claims and penalties resulting from non-compliance with AML/CTF laws, or from user misrepresentation or illegal use of the platform.
5.1 User Responsibility and Compliance
Users are fully responsible for ensuring that their actions on the platform comply with all applicable local, national, and international laws, including but not limited to anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations. Canvthis disclaims any liability for actions taken by users that violate these laws, and users agree not to engage in any activity that violates AML or CFT laws.
6. Monitoring and Reporting
Canvthis reserves the right to:
– Monitor user behavior and transactions.
– Suspend or terminate accounts with suspicious activity.
– Report transactions to the UAE FIU if money laundering or terrorist financing is suspected.
6.1 Indemnification
By using Canvthis, users agree to indemnify, defend, and hold harmless Canvthis Marketing Management L.L.C, its officers, employees, agents, and affiliates from any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorney’s fees) arising from or in connection with any unlawful or fraudulent activities conducted by the user, including any violation of applicable anti-money laundering laws.
7. Record-Keeping
Customer data and transaction history will be retained securely for at least five (5) years in accordance with UAE regulatory requirements.
7.1 Limitation of Liability
To the fullest extent permitted by applicable law, Canvthis Marketing Management L.L.C shall not be liable for any indirect, incidental, special, or consequential damages, including lost profits or loss of business, arising from or related to any illegal or unauthorized use of the platform by users. This limitation of liability applies regardless of whether Canvthis has been advised of the possibility of such damages.
8. Data Protection
All personal data will be handled in compliance with the UAE Data Protection Law. Canvthis will ensure the confidentiality, security, and lawful processing of such data.
8.1 AML Compliance Enforcement
Canvthis reserves the right to suspend or terminate any user’s access to the platform if there is a suspicion of involvement in any activities related to money laundering, terrorism financing, or any other unlawful activities. Users acknowledge that they are fully responsible for any consequences that may arise as a result of the suspension or termination of their accounts, and Canvthis will not be held liable for any losses suffered by the user in such circumstances.
9. Training and Compliance
Employees will receive ongoing AML/CTF training to ensure compliance with UAE law. Internal audits will be conducted periodically.
9.1 Reporting Suspicious Activities
In accordance with applicable AML regulations, Canvthis is required to report any suspicious activities to the relevant authorities. Users acknowledge that Canvthis is not liable for any actions taken in good faith under such obligations, including the reporting of suspicious activities or the freezing of accounts suspected of being used for illicit purposes.
10. Governing Law
This policy shall be governed by and construed in accordance with the laws of the United Arab Emirates. Any disputes shall be subject to the exclusive jurisdiction of the competent courts of Dubai.
11. Severability
If any provision of this Policy is held to be unenforceable under applicable law, the remaining provisions shall remain valid and enforceable to the fullest extent permitted by law.
12. Review and Updates
This policy will be reviewed at least annually and updated to reflect changes in laws, regulations, or operational practices. Users will be notified of any material changes.