MAU Accounts DAO, together with the participants who have joined under this Agreement (hereinafter raeferred to as Participants), adhere to international legal norms, as well as local jurisdiction norms applicable to their activities, aimed at combating property crimes, illegal trade, money laundering obtained illegally, and hereby enter into this agreement on the following:
1. For the purposes of this Agreement, Participants use the following definitions:
Property crimes (crimes against property) — attacks on property rights (such as natural property rights and other protected rights) and market relations, causing or threatening to cause harm in the form of actual property damage, offenses (socially dangerous acts) that entail the application of criminal liability measures against a person according to the legislation of different jurisdictions.
Illegal trade, according to the OECD definition, is the production or distribution of goods or services that a legislative body deems illegal. This includes trade that is strictly illegal in various jurisdictions, as well as trade that is illegal in some jurisdictions but legal in others. Based on this, the criterion of trade legality must be determined in each specific case of transactions between Participants based on which jurisdiction’s legislation is applicable in this specific case. In a more general sense, illegal trade refers to transactions that directly cause unlawful damage to the protected subjective natural rights of Participants and third parties.
A financial pyramid is a fraudulent structure in which organizers attract funds from participants under the promise of high profit percentages and use the received funds for their personal interests. The income of the organizers and other participants of the pyramid is paid out using the attracted funds, without any investment or other entrepreneurial activities associated with the use of the attracted funds in a volume comparable to the volume that was attracted.
Money laundering, according to the OECD and FATF definitions, is the process of concealing or disguising the illegal origin of money obtained through criminal means in order to legitimize income acquired through dishonest means as a result of committing a crime.
2. The Participants of the Agreement undertake the following obligations:
• To exclude direct or indirect assistance to illegal trade and any other unlawful operations when using MAU Accounts DAO services and agreements;
• To exclude direct or indirect assistance in committing property crimes, not to use MAU Accounts DAO services and agreements for creating and distributing pyramid schemes, as well as for engaging in any activities that contradict the applicable legislation of relevant jurisdictions and legal norms;
• To exclude actions in their practical activities using MAU Accounts DAO services and agreements that may harm the fight against money laundering and the legalization of funds obtained through illegal means;
3. MAU Accounts DAO undertakes to take necessary actions to prevent attempts of illegal trading, property crimes, and money laundering using the services and agreements of MAU Accounts DAO. These actions include, but are not limited to:
• Providing competent authorities, in accordance with applicable legislation of relevant jurisdictions, with requested information regarding the record of transaction accounts of participants when using the services and agreements of MAU Accounts DAO;
• Refusing to provide services of MAU Accounts DAO to any participant of the system upon request from competent authorities in accordance with applicable legislation of relevant jurisdictions, as well as on its own initiative if MAU Accounts DAO possesses sufficient information about the illegal or suspicious activities of such participant;
• Improving the services and agreements of MAU Accounts DAO to prevent their use in activities that contradict the applicable legislation of relevant jurisdictions in combating property crimes, illegal trading, and money laundering.
4. By accepting the obligations under this Agreement, the participants acknowledge that the execution of the provisions contained therein is aimed at preventing their assistance and involvement in criminal activities related to illegal trading and money laundering, as well as participation in property crimes.
5. The participants of this Agreement agree on the necessity of complying with legislation on combating money laundering obtained through illegal means, and are bound by the obligations accepted in accordance with this Agreement. However, each participant bears personal responsibility for actions taken using the services and agreements of MAU Accounts DAO. The assignment and/or transfer of such personal responsibility to other participants or to MAU Accounts DAO is not permitted.
6. The actions taken when using any of the services provided by MAU Accounts DAO, as well as the actions carried out through the exchange of electronic documents in information systems with accounting units representing the volume of mutual obligations issued within the framework determined in the Mutual Obligations Accounting Agreement and other agreements of MAU Accounts DAO (conclusive actions) are equivalent to accepting this Agreement in simple written form. By doing so, you become a participant of this Agreement and commit to fulfilling its obligations and norms.