AML/KYC Policy

Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy for BTrustCapital.finance At BTrustCapital.finance, we are committed to preventing money laundering, terrorist financing, fraud, and other illegal financial activities. We implement robust Anti-Money Laundering (AML) and Know Your Customer (KYC) policies that comply with international standards and local regulations. These procedures are vital to safeguard the integrity of our services and the global financial ecosystem.

Purpose: The purpose of this policy is to:
Prevent and detect money laundering and other illicit financial activities.
Ensure all users are identified and transactions are monitored.
Comply with applicable regulatory requirements.
Maintain a secure and transparent trading environment for all clients.

KYC (Know Your Customer) Compliance:
BTrustCapital.finance requires all clients to complete a thorough KYC process to verify their identity before using our services.
Required Documentation:
Individuals:
Government-issued ID (e.g., passport, driver’s license).
Proof of address (e.g., utility bill, bank statement dated within the last three months).
Selfie for identity verification.
Business Clients:
Certificate of incorporation or registration.
Identification and proof of address for directors.
Ownership structure and ultimate beneficial owner (UBO) details.

AML Compliance Procedures:
Our AML program is designed to ensure compliance with global standards and local laws regarding the detection and reporting of suspicious transactions.

Document Verification:
We verify the identity of clients using government-issued identification and proof of address.

Enhanced Due Diligence (EDD) is performed for high-risk clients, including individuals from high-risk countries or involved in complex financial activities. Risk Assessment: Clients are categorized into low, medium, or high-risk based on factors such as:
Country of residence (high-risk countries may require additional verification).
Transaction history and volume.
Business activities and sectors.
Ongoing Monitoring:
Transactions are continuously monitored for suspicious activity or patterns.
Any suspicious transactions are reported in accordance with legal and regulatory requirements.

Enhanced Due Diligence (EDD) for High-Risk Clients:
For clients or transactions that are deemed high-risk, additional steps are taken:

Collection of detailed business information, including source of funds.
Continuous monitoring and more frequent account reviews.
Denial of services in extreme cases where risks cannot be mitigated.

Country/Geographic Risk:
We evaluate the risks associated with different jurisdictions:

Transactions and clients from countries identified by the Financial Action Task Force (FATF) as high-risk or under enhanced monitoring may undergo stricter verification.
Services may be restricted or denied for clients from jurisdictions subject to international sanctions or deemed as tax havens.

Client Monitoring and Reporting:
BTrustCapital.finance uses advanced technology to monitor trading activity. This includes:

Flagging of transactions that deviate from normal patterns.
Review of high-volume transactions or unusual trading behavior.
Reporting suspicious activities to relevant authorities as per legal obligations.

Training and Awareness:
All employees, agents, and affiliates of BTrustCapital.finance are trained in AML and KYC procedures to ensure compliance with this policy. We ensure all staff are aware of the latest regulations and best practices in financial crime prevention.

Policy Review and Updates:
This AML/KYC policy is reviewed regularly to ensure it remains compliant with international standards, regulatory requirements, and evolving financial crime risks. Updates to this policy are made as necessary, and clients will be informed of any significant changes.

Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy Summary:
What is Money Laundering?
Money laundering involves the process of concealing criminally obtained money or assets, making them appear legitimate. These assets can be in the form of cash, securities, property, or other valuable items, and include funds used to finance terrorism.

Activities Related to Money Laundering:
Acquiring, using, or possessing criminal property
Handling proceeds from crimes such as theft, fraud, and tax evasion
Facilitating the laundering of criminal or terrorist property
Investing illicit funds in financial products or assets
Transferring criminal property
Money laundering can take various forms, from purchasing luxury items to moving funds through complex financial systems to disguise their origin. If you suspect that assets have been obtained through criminal activity and fail to report it, you may be complicit in the laundering process.

Stages of Money Laundering:
Placement: Initial illegal proceeds are introduced into the financial system (e.g., deposited in a bank).
Layering: Funds are moved through a series of transactions to obscure their origins and give them the appearance of legitimacy.
Integration: Criminals can now use the “cleaned” money freely.
What is Counter-Terrorist Financing (CTF)?
Terrorist financing refers to the provision of funds, often through legitimate channels, to support terrorist activities or organizations. These funds may not originate from criminal conduct but are intended for illegal purposes such as terrorism.

Firms Must Ensure:
Clients are not terrorist organizations.

Clients are not funding terrorism through their transactions.
Even if the funds are not derived from criminal activities, they may still be used for criminal purposes like terrorism. Firms must ensure their services are not misused to support such activities.

Firm's Responsibilities and Risk Awareness:
All businesses, including financial firms like BTrustCapital.finance, are at risk of being used for money laundering or terrorist financing.
The firm must assess and monitor the risks posed by its products and services, implementing stringent KYC (Know Your Customer) and AML procedures.
Transactions should be continuously monitored, and suspicious activities must be reported to authorities.
Conclusion:
As a financial institution, BTrustCapital.finance is committed to preventing money laundering and terrorist financing. By following these policies, we ensure a secure and compliant environment for all our clients. We require due diligence and a commitment to report any suspicious activity promptly.