At Tradeurope.shop, we are committed to complying with global regulations and best practices to prevent money laundering, fraud, and other illegal activities. This KYC/AML Policy outlines the measures we take to verify customer identities and ensure the integrity of our business operations.
1. Purpose
This policy is designed to:
1.1. Prevent Tradeurope.shop from being used for money laundering or other unlawful activities.
1.2. Ensure compliance with applicable laws, regulations, and international standards.
1.3. Protect the company and its customers from fraud and financial crime.
2. Customer Verification (KYC)
2.1. Identity Verification:
Customers may be required to provide valid identification documents, including:
Government-issued ID (e.g., passport, driver’s license, or national ID).
Proof of address (e.g., utility bill or bank statement, not older than three months).
2.2. Corporate Entities:
For businesses or organizations, the following documents may be requested:
Certificate of incorporation or business registration.
List of directors and beneficial owners.
Proof of address for the business entity.
2.3. Additional Checks:
We may perform additional checks using third-party verification services to ensure the authenticity of provided information.
3. Monitoring Transactions
3.1. Transaction Limits:
Transactions exceeding certain thresholds may be flagged for review to ensure compliance with AML regulations.
3.2. Suspicious Activity Reporting (SAR):
Tradeurope.shop is obligated to report any suspicious activity to relevant authorities. Indicators of suspicious activity may include:
Unusually large or frequent transactions.
Transactions originating from high-risk jurisdictions.
Discrepancies in provided customer information.
3.3. Ongoing Monitoring:
We may continuously monitor customer activity to detect and prevent fraudulent or unlawful transactions.
4. Data Protection
4.1. Confidentiality:
All customer information collected during the KYC process is handled in accordance with our Privacy Policy.
4.2. Retention of Records:
We retain KYC/AML records for a minimum of Eighteen years as required by applicable regulations.
5. Customer Responsibilities
5.1. Accurate Information:
Customers are responsible for providing accurate and up-to-date information during the verification process.
5.2. Compliance:
Failure to comply with our KYC/AML requirements may result in restricted access to our services or account suspension.
6. Policy Updates
We reserve the right to update this policy as necessary to comply with changes in laws, regulations, or industry standards. Updates will be effective upon posting on our website.
7. Contact Us
For questions or concerns regarding this KYC/AML Policy, please contact us at:
