Template notice: This document is a starting template provided with the software. It must be reviewed and adapted by qualified legal counsel for your company, licences and jurisdiction before the platform is offered to the public.
Purpose
We are committed to preventing money laundering, terrorist financing and fraud.
Customer due diligence
Members must verify their identity with a valid government-issued ID, proof of address and a selfie before withdrawing funds and, where configured, before depositing or investing.
Ongoing monitoring
Transactions are monitored for unusual patterns such as rapid deposit-withdrawal cycles, unusually large amounts, multiple accounts or referral abuse. Flags are reviewed by trained staff; accounts are not penalised solely on an automated heuristic.
Record keeping
Verification records and transaction histories are retained as required by law.
Reporting
Where required, suspicious activity is reported to the competent authorities.