AML(AML BitCoin) 白皮书.pdf

i White Paper of AML BitCoin AMLBit and its Business Model i Abstract The worldwide frenzy driving mass involvement in cryptocurrencies has drawn attention both to the exciting positive features of digital currencies, as well as those aspects that could hamper future expansion and development. Primarily, governments across the globe expressed concern that anonymous cryptocurrency – while innovative and auguring a new wave of future technology – serves as a medium of exchange that facilitates terrorism and criminal activity. AML BitCoin solves this concern and creates a plat for integration of digital currencies and the economy. NAC Foundation, LLC “NAC” created AML BitCoin and its predecessor digital currency, the Aten Coin. Both coins contain the innovative safety and compliance features developed by NAC. AML BitCoin also provides a plat for approved third parties to utilize the AML BitCoin technology. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC anti-money laundering – ‘know your customer’ compliance and identifies criminals associated with illicit transactions, while maintaining and strengthening the privacy protections for legitimate users. AML BitCoin was created with anti-money laundering, anti-terrorism and theft-resistant properties built into the code of the coin, and as a result, it is compliant with a host of laws, including but not limited to Anti-Money Laundering AML, Counter Financing of Terrorism CFT, Anti-Fraud and Financial Crimes AFF, Office of Foreign Assets Control OFAC, Bank Secrecy Act BSA, USA PATRIOT Act and the FACT Act. In addition, NAC will utilize a biometric identification system to verify owners of wallets that hold the AML BitCoin. This will provide additional security and safety features for ownership and use of the AML BitCoin For more ination on the DTN, please visit The new AML BitCoin plat will also allow pre-approved persons and entities but tied to an individual who has a certified digital identity profile to utilize NAC’s privately regulated public blockchain. The AML BitCoin is a virtual currency -- a payment system. It will be an open/transparent blockchain except for AML compliance, including suspicious activity reviews and reporting. Some AML BitCoin will be available for mining. AML BitCoin will be a modified of an “app coin” in that the underlying protocol includes AML compliance and only persons who obtain a certified digital personal identity can obtain and use a wallet to hold the AML BitCoin. But, there will be no functional business based on the AML BitCoin and no payout of business revenue from any business Version 2.2, 4 October 2017 ii to AML BitCoin holders. Any possible payout would derive from speculation by and under the control of the AML BitCoin holder. AML Tokens ATK will be offered in a public sale on October 1, 2017. These tokens will not include monitoring or detecting of suspicious activities, or any of the other features of the AML BitCoin. Once NAC has completed and activated its features, AML BitCoin will replace the ATK and ATK holders will be able to exchange the ATK for AML BitCoins on a 11 ratio. In exchanging the AML Tokens for AML BitCoins, all owners will be required to have a certified digital identity as stated above and described in more detail below. Version 2.2, 4 October 2017 Table of Contents 1. NAC Foundation, LLC and Anti-Money Laundering Cryptocurrency 1.1. Meet the Team 1.2. NAC Advisors 1.3. Legal Advisors 2. Business Model of AML BitCoin AMLBit Currency 2.1. Overview 2.2. AML BitCoin- A Successor of Aten Coin 2.3 Identity Verification The Digital Identity Trust Network 2.4. AML BitCoin/AML Tokens Pre-Sale 3. Aten Coin – First Cryptocurrency Designed for Anti-Money Laundering, Theft Resistance, and Government Compliance 3.1. Government Compliance what about AML BitCoin 7.3. Is AML BitCoin a Security 8. Forward Contacts and Options – United States Commodity Futures Trading Commission 9. U.S. Treasury Department Regulation – FinCEN 10. Conclusion Version 2.2, 4 October 2017 1 1. NAC Foundation and Anti-Money Laundering Cryptocurrency NAC Foundation, LLC “NAC” a U.S. organization registered in Las Vegas, Nevada, focuses on development and application of blockchain technology and digital currencies. NAC’s primary mission is to strengthen the social sector by advancing knowledge about the use of regulated digital currencies and blockchain technology in the U.S. and globally, facilitating and contributing to economic development through positive experiences and opportunities generated through online commerce, and creating an environment that inspires trust, credibility and confidence among organizations, financial institutions, individuals, partners and stakeholders in order to be recognized as the pre-eminent company in digital financial products and digital financial business in the world. NAC s mission on AML-KYC compliance was first publicly reported in September 2014. After two years of engagement and inquiry, NAC’s dedication to its mission was recognized and NAC became a service member of the American Bank Association ABA. 1.1 Meet the Team 1.1.1 Marcus Andrade, President and Chief cutive Officer 1.1.2 Hon. Angela Knight, CBE, Vice President of European Affairs 1.1.3 Hon. Carlos De La Guardia, Vice President of Latin America Affairs 1.1.4 Japheth Dillman, Chief Strategy Officer 1.1.5 John Szeder, Chief Technical Officer 1.1.6 Erwin Doornbos, Chief Marketing Strategist 1.1.7 Hung Q. Tran, Project Manager 1.1.8 Sergey Petkevich, Software Developer 1.1.9 Brandon Smietana, Software Developer 1.1.10 Jatin Babbar, Software Developer 1.1.11 Neha Verma, Software Developer 1.2 NAC Advisors 1.2.1 Ricaurte “Catin” Vasquez 1.2.2 Neil M. Sunkin, Esq. 1.2.3 Raymond Robertson 1.2.4 John Crawford 1.2.5 Natko Vlahovic 1.3 Legal Advisors 1.3.1 Law Office of Neil M. Sunkin, APC 1.3.2 Whitaker, Chalk, Swindle and this has been the focus of financial regulators, legislative bodies, law enforcement, and the media. This concern has not been ill-founded, as there are notable cases of crimes facilitated by the use of bitcoin, as discussed in more detail below. The development of the identity-based AML compliant digital currency commenced in 2012 and NAC was ed in 2014. Using proprietary technology, this identity-based digital currency is compliant with laws, statutes, rules, and regulations that govern, regulate, and relate to preventing money-laundering, terrorism, identity theft, financial crimes, and know-your-customer laws, and specifically a the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, aka the USA PATRIOT Act; b International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001, aka Title III, of the USA PATRIOT Act, and subtitles that deal with International Counter Money Version 2.2, 4 October 2017 6 Laundering and Related Measures, Bank Secrecy Act Amendments and Related Improvements, and, Currency Crimes and Protection; c the Money Laundering Control Act of 1986; d provisions of the Fair and Accurate Credit Transactions Act of 2003, also known as FACT Act or FACTA, that pertain to the prevention of identity theft; e requirements related to economic and trade sanctions administered and enforced by the Office of Foreign Assets and Controls