KYC Policy
#KYC Policy
Purpose: The purpose of this policy is to ensure compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) laws and regulations, as well as to prevent unauthorized or fraudulent activity on our platform.
Scope: This policy applies to all customers using our platform, including both individual and corporate clients.
Customer Due Diligence (CDD):
Customer Identification: We will verify the identity of all customers before onboarding them onto our platform. This may include collecting and verifying personal information such as full name, date of birth, address, and government-issued identification.
Risk Assessment: We will assess the risk of each customer based on factors such as their country of origin, source of funds, and intended use of our platform.
Enhanced Due Diligence (EDD): For high-risk customers, we will perform EDD procedures to gather additional information and further mitigate risk.
Record Keeping: We will maintain records of all customer information and verification procedures for at least five years.
Ongoing Monitoring: We will periodically review customer accounts to ensure they remain in compliance with our KYC policy and all applicable laws and regulations.
Reporting Suspicious Activity: We will report any suspicious activity to the relevant authorities in accordance with AML and CFT laws and regulations.
Training: All employees will receive regular training on KYC best practices, AML, and CFT laws and regulations.
Review and Update: This policy will be reviewed and updated regularly to ensure it remains compliant with changing laws and regulations.
Purpose: The purpose of this policy is to ensure compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) laws and regulations, as well as to prevent unauthorized or fraudulent activity on our platform.
Scope: This policy applies to all customers using our platform, including both individual and corporate clients.
Customer Due Diligence (CDD):
Customer Identification: We will verify the identity of all customers before onboarding them onto our platform. This may include collecting and verifying personal information such as full name, date of birth, address, and government-issued identification.
Risk Assessment: We will assess the risk of each customer based on factors such as their country of origin, source of funds, and intended use of our platform.
Enhanced Due Diligence (EDD): For high-risk customers, we will perform EDD procedures to gather additional information and further mitigate risk.
Record Keeping: We will maintain records of all customer information and verification procedures for at least five years.
Ongoing Monitoring: We will periodically review customer accounts to ensure they remain in compliance with our KYC policy and all applicable laws and regulations.
Reporting Suspicious Activity: We will report any suspicious activity to the relevant authorities in accordance with AML and CFT laws and regulations.
Training: All employees will receive regular training on KYC best practices, AML, and CFT laws and regulations.
Review and Update: This policy will be reviewed and updated regularly to ensure it remains compliant with changing laws and regulations.
Updated on: 03/02/2023
Thank you!