Our priority is to ensure a safe and compliant environment for all our customers. In compliance with legal obligations and regulations, we are committed to getting to know our customers fully through the "Know Your Customer" (KYC) process.
The KYC enables us to collect essential information about our customers to better understand their needs, assess the risk of potential involvement in illicit activities and ensure compliance with anti-money laundering (AML) and counter-terrorism (CFT) laws.
Information gathering: During registration or when you engage in business with us, we will ask you to provide personal and business information. This information may include name, address, date of birth, contact details, and other relevant information.
Identity Verification: To ensure the accuracy of the information you provide, we will conduct identity verification checks using official documents or other appropriate methods.
Economic Activity Verification: If applicable, we may request information about your sources of income, economic activities, or intended use of our services to assess the consistency of your activities with the profile you provide.
Transaction Monitoring: To protect our customers and our business from suspicious activity, we conduct continuous transaction monitoring in order to detect unusual or potentially risky behaviour.
We are committed to protecting your privacy and the personal information you provide to us. All information collected during the KYC process will be treated confidentially and used only for purposes permitted by law.
KYC is not only a regulatory requirement, but also a way to ensure a trusting relationship with our customers. Through KYC, we can protect you and our community from fraud, money laundering and other criminal activities. It also helps us ensure that our services are used in an ethical and legal manner.
If you have any questions about our KYC process or need assistance during registration, our team is here to provide you with the support you need. Contact us and we will be happy to help.
Thank you for your cooperation in the KYC process. We look forward to welcoming you to our community and providing you with safe and reliable services.
Our priority is to ensure a safe and compliant environment for all our customers. In compliance with legal obligations and regulations, we are committed to getting to know our customers fully through the "Know Your Customer" (KYC) process.
KYC (Know Your Transaction) is an approach that financial institutions and other entities take to monitor and better understand financial transactions involving their customers. The main objective of KYT is to identify suspicious or illicit activities, such as money laundering or terrorist financing, that may be hidden among regular transactions.
Financial institutions implement KYT by using transaction monitoring systems and analysing customers' financial data. This allows them to detect abnormal patterns or unusual behaviour that could indicate illegal activity.
Some of the main points of KYT include:
Continuous monitoring: Customer transactions are constantly monitored for unusual or abnormal activity.
Customer profiling: Financial institutions create profiles of their customers, understanding their typical spending and transaction habits, so that unusual transactions are easily detected.
Transaction risk: The risks associated with each transaction are assessed based on various factors, such as the amount of money involved, the country of the recipient or beneficiary, and the frequency of transactions.
Integration with regulations and laws: KYT is designed to be compliant with anti-money laundering and anti-terrorism (AML/CFT) regulations and other relevant financial laws.
Suspicious Activity Reporting: If suspicious activity is identified, the financial institution may report it to the appropriate authorities for further investigation.
