Last updated on 19.05.2025

About the Company 

Bintense.io is owned and operated by Green Cliff Inc. UAB (hereinafter – the Company), a virtual currency exchange, acting in accordance with the laws of the Republic of Lithuania. The Company provides crypto-asset services in line with applicable national and European Union legislation.

AML/CTF Commitment

Money laundering (ML) and terrorist financing (TF) continue to pose substantial challenges to the integrity and stability of the crypto-asset sector. Bintense acknowledges the serious risks that ML and TF activities present to its business operations, reputation, and the wider financial ecosystem. In alignment with the Markets in Crypto-Assets Regulation (MiCA) and other relevant legislative frameworks of the European Union, the company has developed and implemented a robust Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy.

This Policy is grounded in binding legal obligations, supervisory expectations, and internationally recognised standards and best practices. Through this framework, Bintense ensures that effective controls, monitoring mechanisms, and risk-based measures are in place to detect, prevent, and report any suspicious activities. The company remains firmly committed to maintaining the highest standards of transparency, accountability, and regulatory compliance in the provision of its crypto-asset services.

Legal and Regulatory Framework

This AML/CTF Policy is implemented in accordance with:

– Law on the Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania.
– Instructions of the Bank of Lithuania aimed at preventing Money Laundering and Terrorist Financing.
– Law on International Sanctions of the Republic of Lithuania.
– Instructions of the Bank of Lithuania on the implementation of International Sanctions.
– The European Union’s Anti-Money Laundering Directives.
– The Financial Action Task Force’s (FATF) guidance setting standards for AML/CTF compliance.
– Guidelines and Orders in relation to sanctions and combating of ML and TF issued by the Bank of Lithuania (BoL) and Financial Crime Investigation Service (FCIS).
– The European Banking Authority’s (EBA) AML/CTF Guidelines.
– National Risk Assessment of Money Laundering and Terrorist Financing of the Republic of Lithuania (2019–2022).
– Markets in Crypto-Assets Regulation (MiCAR).
– Other applicable laws. 

AML/CTF Policy Overview

The AML/CTF Policy establishes internal procedures and control measures for identifying, assessing, managing, and mitigating ML/TF risks. It includes client due diligence (CDD), enhanced due diligence (EDD), ongoing due dilligence (ODD), sanctions screening,  transaction monitoring, and reporting of suspicious activities. 

Customer Responsibilities and Obligations 

Bintense is committed to ensuring a secure and compliant buy and sell services environment in line with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. To maintain the integrity of our services, all customers must adhere to the following operational rules:

– No Cash Purchases or Sales: Bintense does not accept cash for performing the exchnage Order. All transactions must be conducted using digital means to ensure traceability and transparency.
– No Third-Party Transactions: Bintense does not accept deposits from third parties into a user’s profile, nor does it allow profile management by third parties. Additionally, we do not support joint or shared profiles, ensuring that all accounts remain strictly personal and private.
– Service Restrictions to Personal Wallets Only: Bintense provides buy and sell services exclusively to customers’ personal wallet addresses. Transactions to or from third-party wallets are prohibited, ensuring that each transaction is conducted by the account holder themselves.
– Documentation Requirements: Bintense maintains strict documentation standards. We do not allow exceptions regarding the documents required from users. All customers are required to provide accurate and legitimate identification and supporting documents for verification purposes.
– Right to Refuse Transactions: Bintense reserves the right to refuse any transaction if there is any suspicion of involvement in Money Laundering (ML) or Terrorist Financing (TF). – Transactions will be monitored for suspicious activity, and the company retains the right to act in accordance with its regulatory obligations to protect the system from illicit activity.

Suspicious Activity Reporting: In accordance with international law and regulatory guidelines, Bintense is not obligated to inform customers if their behavior is reported as suspicious to the relevant authorities. As part of our compliance framework, any suspicious activity may be reported to the appropriate authorities, and actions may be taken without prior customer notification.

Know Your Customer (KYC) and Due Diligence

Bintense applies a structured and risk-based KYC process for all clients, in accordance with MiCAR and relevant AML/CFT regulations. We are required to verify the identity of every individual authorized to transact on our platform beyond a reasonable doubt.

To ensure this, customers must complete an automated identity verification process, which includes biometric checks comparing the ID photo to a live image. This process is supported by trusted external providers. If the verification is inconclusive, our compliance or support team may conduct a manual review and request additional information.

If we are unable to confirm the authenticity and ownership of submitted documents, access to services will be restricted.

Ongoing due diligence, including monitoring and periodic reviews, is performed based on each customer’s risk profile. Enhanced Due Diligence (EDD) is applied in cases that present elevated risk, including but not limited to Politically Exposed Persons (PEPs), adverse media findings, and high-risk jurisdictions. Business relationships shall not be established or continued where the risk level is deemed unacceptable. This approach ensures the integrity and compliance of our operations.

Sanctioned Countries and High-Risk Jurisdictions

Sanctions Compliance: The Company adheres to all applicable international sanctions, including those imposed by the European Union, United Nations, and other relevant authorities. As part of our AML/CTF compliance, we do not process transactions from countries subject to sanctions or jurisdictions identified as high risk for money laundering or terrorist financing.

High-Risk Jurisdictions: We also take into consideration countries with significant AML/CTF risks, such as those identified by FATF, European Commission, and those with weak regulatory frameworks. Customers from such jurisdictions may be subject to enhanced due diligence, or their access to services may be restricted.

Suspicious Activity and Transactions: Transactions flagged as suspicious or those originating from high-risk jurisdictions will be subject to further scrutiny and, if necessary, suspended or reported to relevant authorities.

Transaction Monitoring

As part of its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) framework, the Company actively monitors customer activity to detect and assess any potentially suspicious behavior or transactions. In accordance with regulatory requirements, any identified suspicions are promptly reported to the relevant authorities.

The Company complies with mandatory reporting thresholds and implements safeguards to prevent tipping off or compromising any ongoing investigations. All processes are handled in line with internal procedures and applicable laws to ensure full regulatory compliance.

Reporting Obligations

In compliance with the applicable legal and regulatory requirements, any identified suspicious activity is promptly reported to the Financial Crime Investigation Service (FCIS) of Lithuania. The Company shall monitor transactions to detect unusual or suspicious activity. The MLRO is responsible for assessing the report and, where appropriate, filing a Suspicious Transaction Report (STR) with the relevant authority, in accordance with applicable laws and reporting obligations. This includes any transactions or operations that raise concerns related to potential money laundering (ML) or terrorist financing (TF).

The Company ensures that reports are submitted without undue delay, and no later than within one business day of detecting such suspicious activity. Additionally, should any transactions meet the threshold defined by relevant regulations, further detailed reports, including customer identity data and transaction details, are provided to the FCIS. These measures are in place to ensure full adherence to anti-money laundering (AML) and counter-terrorist financing (CTF) obligations and to help prevent illegal activities.

The Company also cooperates fully with regulatory authorities in the investigation and analysis of suspicious transactions to mitigate risks and ensure a secure financial ecosystem.

Staff Training 

To ensure that all employees and individuals acting on behalf of the Company are equipped with the knowledge to meet the regulatory requirements, the Company conducts regular training on Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Sanctions compliance. This training ensures that all staff members who interact with customers or monitor transactions understand their responsibilities in customer identification, reporting suspicious activity, and maintaining accurate records. The Company is committed to maintaining a well-informed workforce to uphold the highest standards of compliance and security.

Policy Review and Updates

The Company’s AML/CTF Policy is subject to regular review to ensure its continued effectiveness and compliance with applicable laws and regulations. The policy is reviewed at least annually and updated as needed to reflect any changes in relevant legislation, regulatory requirements, business operations, or emerging risks. In addition, any significant developments within the company, such as new products, services, or market expansions, are considered during the review process. The updates are implemented to maintain the highest standards of compliance and to mitigate the risk of money laundering and terrorist financing effectively. This ongoing process ensures that the Company remains fully aligned with evolving regulatory frameworks and industry best practices.

Contact Information for Compliance Inquiries

For compliance-related inquiries, please contact our AML Department at: [email protected]