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International Money Transmission

Política contra el Blanqueamiento del Dinero

According to U.S. Internal Revenue Service “The term “money laundering” refers to the activities and financial transactions that are undertaken specifically to hide the true source of the money. In most cases, the money involved is earned from an illegal enterprise and the goal is to give that money the appearance of coming from a legitimate source.”

The U.S. federal government has enacted strict laws and regulations to help prevent money laundering activities, including, without limitation, the Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), and its implementing regulation, 31 C.F.R. 103, and the Money Laundering Control Act.  These laws and regulations are tools the U.S. government uses to fight money laundering and other crimes.

GTS has a comprehensive compliance program within its organization to ensure compliance with government rules and regulations. GTS does not permit money transfers intended for gambling or illegal activity.  GTS will stop all identified transfers associated with any such activities.  GTS will not allow its money transfer services to be used in illegal money laundering or other activities.  It is GTS’ policy that to follow both the letter and the spirit of the law and the regulations.

To ensure that no money laundering activities are taking place through our money transfer service or an Account, GTS has implemented numerous filtration operations in order to identify and rectify any suspicious activity in our system. GTS subscribes to the World-Check system which allows us to control backgrounds, identities and passports of our clients.

In respect to Client’s access or use of this Site, the opening and maintenance of an Account(s) (as such term is defined in GTS’ Terms and Conditions) and in respect to all funds which may be deposited into or transferred from Client’s Account(s) from time to time, Client undertakes, acknowledges and/or agrees in connection therewith to the following:

1.   Client has complied with and shall continue to comply with all applicable laws relating to money laundering and proceeds of crime.

2.   That GTS is subject to certain “know-your-client” obligations and other obligations with respect to the detection, disclosure and prevention of money laundering (money laundering being defined to include in any manner dealing with proceeds of or assets used in any unlawful activity, wherever committed).

3.   To fully cooperate with GTS and to provide all information requested by GTS from time to time in regard to the Client, Client’s Account(s) and all transactions executed on behalf of Client in order to assist GTS in discharging its obligations under the applicable laws and banking practices in any jurisdiction where GTS conducts business, where any Client is located, and where any correspondent bank or other service provider to GTS is located including, but not limited to, copies of such information and documents concerning Client’s business and financial position as GTS may reasonably request.

4.   That GTS may delay, block or refuse to accept or transfer funds if GTS reasonably believes that accepting or transferring such funds may breach any law or practice.

5.   That GTS may close or suspend any Account, or freeze funds in any Account, if GTS reasonably believes that such Account has been used in the commission of any fraud or unlawful activity.

6.   That GTS may use any Client information to prevent or investigate any fraud or unlawful conduct, including any suspected fraud or unlawful conduct.

7.   That GTS may disclose any Client Information, without any liability whatsoever to Client, to:
(i)    Any investigative agencies or other persons which may assist GTS in complying applicable law, including, without limitation, anti-money laundering at and know-your-customer obligations;
(ii)   Any organization which provides any services to GTS in connection with the services provided by GTS;
(iii)  Regulatory bodies, government agencies, law enforcement agencies and courts;
(iv) Other financial institutions, including any correspondent banks; and
(v)  Client’s authorized agent, executer administrator or legal representatives.


Anti-Terrorism Hotline

GTS will assist the FBI and other law enforcement agencies in their investigation of terrorist organizations.  If you suspect terrorist activity, please immediately call the FINANCIAL INSTITUTIONS HOTLINE at 1-800-556-3974.  For more information on the hotline and suspicious activity reporting, please see the U.S. Treasury Department's recent announcement relating to terrorist activity and list of blocked individuals and organizations.