Anti Money Laundering

Anti Money Laundering

Government-issued photo ID

Proof of residential or business address

Corporate documentation

Business registration information

Any other applicable documentation

When capturing affiliate ID, we will accept a passport or other government-issued photo and the most recent proof of address (e.g. Utility bill, bank statement mailed within the last 3 months with the residential address, etc.) We capture the affiliate ID in two locations. When a member initiates a liquidation request and when affiliate requests a FirstScrap prepaid card. Affiliate ID is captured using an image tool that uploads the image within the affiliate back office. This file is stored with the affiliate' record.

FirstScrap.COM stores scanned documents received from its affiliate in a bit shifted format. This format is not stored on the file system, but in the database in an ambiguously named table. FirstScrap takes this precaution to protect affiliate' personal information in a safe and controlled manner.

Furthermore, we reserve the right to conduct further due diligence on all clients given world-wide approved risk-based policies. Please note that FirstScrap.COM reserves the right to refuse a transaction or deny operation of a member or his/her account at any time should suspicion arise that it may be connected to money laundering, criminal activity or any other offence related to or including money laundering.

Our financial partner understands FirstScrap.COM must know who their customers are and provide adequate information to the company. Our financial partner has an established protocol where they process our customer information into further detail such as customer name, source of money being transmitted as well as proper identification (passport, driver's license, etc.)

If FirstScrap.COM receives, during its request for documentation, deceptive documentation, contact details, business descriptions or other false information, FirstScrap will take the necessary precautions to deal with offending affiliate and their accounts. FirstScrap.COM has the right to report such crimes to the relevant authorities, and as such, the person(s) and/or business and its owners may be the subject to a criminal investigation. FirstScrap.com will not enter into any business arrangement with any person or group suspected of directly or indirectly money laundering, or where funds have been sources or ends of an illegal activity.