Caribbean Airmail, Inc. Bank Secrecy Act Compliance

As a licensed Money Services Business ( MSB as defined by the Bank Secrecy Act, BSA), CAM ensures that the required Federal Definitions and State Licensing / Registration Requirements are met. CAM is a member of ACAMS and the Association of Certified Money Laundering Specialist and the National Money Transmitter Association ( NMTA).

CAM is duly registered with the Financial Crimes Enforcement Network (FinCEN) and complies with the registration, reporting, recordkeeping, and anti-money laundering program requirements contained in regulations promulgated pursuant to the BSA and the USA Patriot Act .

CAM is committed to assist the Financial Crimes Enforcement Network in its mission to support law enforcement investigative efforts against domestic and international financial crimes. Therefore, as part of the federal government’s fight against money laundering and other financial crimes, CAM is required, under the Federal Bank Secrecy Act, by the U.S. government to ask from its customers their names, addresses and government-issued identification and other relevant information in order to complete certain transactions. The customer’s cooperation with CAM in its efforts to meet federal requirements is critical to the fight against these crimes.

“Money laundering” is the process of disguising the existence, illegal source, or application of income derived from criminal activity to make it appear legitimate. Money laundering may be achieved by making assets appear to have been obtained through legal means, or by disguising the true ownership of illicitly derived funds or assets. To that effect, CAM also complies with the Office of Foreign Asset Control (OFAC). In the compliance area, the greatest responsibility imposed on CAM concerns the monitoring and documenting of all transactions and the detection and reporting of certain cash transactions and transactions that violate the anti-money laundering laws.

It is the policy of CAM to comply with all applicable federal and state laws in the discharge of its functions as a licensed money transmitter. It is especially important for CAM to comply with the laws intended to prevent money laundering.

CAM is duly licensed by the State Banking Departments of Connecticut, DC, Florida, Georgia, Illinois, Massachusetts, New Jersey, New York and Rhodes Islands.

Legal


Liability

CAM is liable for any non-delivery or delayed delivery but only to the extent provided for herein. CAM shall not be liable for any lost profits or any direct or indirect, incidental, special, punitive or consequential damages arising out of or in connection due to any non-delivery or delayed delivery. Any complaints may require five (5) business days to be resolved and extra fees may be charged for client error. Complaints will not be accepted after 180 days from the date of your transaction. Complaints concerning CAM's service should be addressed to Caribbean Airmail, Inc., Customer Service, 9425 Sunset Drive, Suite 249, Miami, Florida 33173 or call Toll Free 1-800-934-0440. CAM shall not be obligated to make any refunds for delayed payments unless and until CAM's correspondent has sent, and CAM has received from such correspondent, confirmation of the effective cancellation of the transfer, and then a refund, less fees will be processed. No refund shall be made by CAM if, because of inaccurate or erroneous identification or information, payment has been made to one other than the named beneficiary. CAM shall not be responsible for non-performance or loss or damage resulting from, failure to locate, or error in identifying, the named beneficiary, or resulting from declared or undeclared war, censorship, blockade, revolution, insurrection, civil commotion, or from any law, decree, moratorium, regulation, compulsion or control of public authority or of domestic or foreign government, de jure or de facto, or any agency thereof, or resulting from any other cause whatsoever beyond the control of CAM, whether in connection with the transfer described on the face thereof or in connection with any transfer undertaken by CAM for the purpose of making available such foreign exchange as may be called for to meet this order, all such risks being assumed by you.

Warranty

The service is provided "as is" with no representations or warranties of any kind, either express or implied, including but not limited to: (1) any warranties concerning the availability, accuracy or content of information, products, services, or results; and (2) the implied warranties of merchantability, fitness for a particular purpose, and noninfringement. We further disclaim all representations and warranties regarding any non-service website that. You may be able to access through the service or that utilizes the service; you understand that we have no control over the content of or services or products provided in connection with such non-service websites. You assume total responsibility and risk for your use of the service.

Indemnification

You agree to defend, indemnify, and hold harmless CAM and all of CAM's respective employees, agents, directors, officers, proprietors, partners, representatives, shareholders, servants, attorneys, licensors, predecessors, successors, and assigns, from and against any and all claims, proceedings, damages, injuries, liabilities, losses, costs, and expenses including reasonable attorneys' fees relating to or arising from your use of the Service, any transactions made through the Service and any breach by you of this Agreement.

Security and Monitoring

For security purposes, CAM may view, monitor, and record activity on the Site without notice or permission from you. Any information obtained by monitoring, viewing, or recording may be subject to review by law-enforcement organizations in connection with investigation or prosecution of possible criminal activity on the Site. We will also comply with all court orders involving requests for such information. Actual or attempted fraud or other unauthorized use of the Site and/or Service may result in criminal and/or civil prosecution and immediate termination of your right to use the Service.

Authorized Use/Password Protection

You are responsible for all authorized uses of the Service as accessed by your user name and/or password. Authorized uses include, if: (1) you give your user name or password to another person who you expressly or implicitly authorize to use the Service, and that person uses the Service, or (2) for any reason we conclude that the facts do not reasonably support a claim of unauthorized use. If you believe that your user name or password has been stolen, or that someone has made a transfer using your user name or password without your permission, you must notify CAM at once. Once your user name and/or password are reported lost or stolen, we will block access to the Service

Prohibitions

While accessing the Site or otherwise using the Service, you agree not to: tamper with, hack, modify or otherwise corrupt the security, content or functionality of the Service; restrict or inhibit any other user from using and enjoying the Site, the Service, and/or CAM; post or make available on, or otherwise transmit through the Site, any material that violates or infringes in any way upon the rights of others; that is unlawful, defamatory, obscene, abusive, profane, vulgar, sexually explicit, racist, threatening, hateful, or otherwise objectionable; or that encourages conduct that would constitute a criminal offense, give rise to civil liability, or otherwise violate any law; post or transmit any information or software that contains a virus, worm, Trojan horse, or other harmful or disruptive component; post or transmit materials in violation of another party's copyright or other intellectual property rights; or engage in any illegal activity using or in connection with CAM, the Service, or the Site. We have the right to monitor the Site and the Service, and to disclose any information necessary to operate the Site and the Service properly; to protect ourselves and our sponsors, customers, and merchants; and to comply with legal obligations or governmental requests. We also reserve the right to prohibit from using the Site and/or Service any user who, in our sole discretion, violates this agreement, or any of its terms without notice to you.

Changes

CAM reserves the right to change and/or discontinue the Service at any time, for any reason, to the extent permitted by law. We may change the terms of this agreement or change the Service, including eliminating or discontinuing any content or feature of the Service, restricting the hours of availability, or limiting the amount of use permitted, by posting notice of such modification on the home page of the Site when the modification takes effect. All changes shall be effective immediately upon posting of such notice. If you use the Service after we have posted such notice of a change in the Agreement you agree to be bound by all of the changes.

Ownership

C.A.M. is a registered service marks of Caribbean Airmail Inc. other products mentioned or trademarks of Caribbean Airmail Inc. or any of its affiliated companies. Any process, product or technique displayed on this Web site may be the subject of other intellectual property rights reserved by Caribbean Airmail Inc. created by viewing the information and materials on this Web site.

Governing Law & Venue

The terms and conditions of the agreement between you and Caribbean Airmail Inc are governed interpreted under the law of Florida with a venue within Miami-Dade County, Florida; without regard to its conflict of laws provisioned Web site is acceptance of the all terms here contained (including jurisdiction and venue) as a material

Fraud Reporting

CAM adopted a Fraud Policy as noted in its Policies and Procedures. The Fraud policy helps to set the tone of the organization and communicate to all employees the requirement for honest behavior, ethical conduct, and fiduciary oversight with CAM funds, resources, equipment, money laundering and terrorist financing.

Fraud and irregularities include activities that are (1) a misappropriation of funds; (2) in violation of or non-compliant with any CAM procedure, any State, or federal law, regulation, policy or procedure; (3) economically wasteful; (4) an indication of gross misconduct or incompetency; or (5) an unethical, improper, or dishonest act.

CAM is committed to assist the Financial Crimes Enforcement Network in its mission to support law enforcement investigative efforts against domestic and international financial crimes. Therefore, as part of the federal government’s fight against money laundering and other financial crimes, CAM is required, under the Federal Bank Secrecy Act, by the U.S. government to ask from its customers their names, addresses and government-issued identification and other relevant information in order to complete certain transactions. The customer’s cooperation with CAM in its efforts to meet federal requirements is critical to the fight against these crimes.

CAM already maintains a System-wide Compliance Hotline to report complaints. In addition to that, this new policy on Suspected Fraud ensures that those reporting to the Fraud hotline will have whistleblower protection afforded to them. Also, through the procedure, all the Agents will be required to report all frauds to the Compliance Department so they may be tracked and monitored by the Compliance Officer using a standard form, and report to the Compliance Committee.

It is the policy of CAM that all members of the CAM community:

  • comply with all CAM policies and procedures; and all the States and federal laws, and regulations,
  • practice honesty and integrity in fulfilling their responsibilities;
  • observe high standards of business and personal ethics in the conduct of their duties and responsibilities;
  • help ensure the prevention and detection of fraud and irregularities;
  • be familiar with the types of fraud and irregularities that might occur in their area and locations;
  • be alert for any indication that fraud or irregularities might exist in their area and locations; and
  • promptly report any known or suspected fraud or irregularities involving CAM or affiliated entity funds, resources, property, or employees.
It is also the policy of CAM that employees, individuals and agents who lawfully report suspected fraud shall not suffer threats, harassment, discrimination, or other forms of retaliation for making such reports in good faith.