This policy called Know Your Customer exists to protect the company from any fraud related to money laundering and other risks. This text is not a complete document.
If you want to read the document in full. you should contact the support service to provide it to you.
This policy covers the following topics:
Responsibilities of senior managers and informing them of all risks associated with fraud;
Training and informing anti-fraud specialists;
Regular updates and additions to the policy;
Taking measures to reduce the risk associated with fraud;
Timely notification to the relevant authorities about any suspicious actions;
Prompt and timely response to messages from authorities.
It is necessary to perform a number of certain actions before a new user can conduct any transactions. These procedures include:
Monitoring, identifying, recording, detecting and reporting unusual or suspicious transactions, if necessary;
Sending requests from external sources to AMLCO.
In the event that a company receives supporting documentation regarding the identity of a new client, it must be convinced that they confirm the existence ofthe customer. It is possible that the company will rely on third-party sources as part of its fact-checking process when landing Clients, but it has the ultimate legal responsibility to make sure that the fact-check is satisfactory.