Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy
1. Introduction
FINWIZE EOOD (UIC 207119055) is dedicated to maintaining a secure and compliant environment for cryptocurrency trading on www.finwizcrypto.com. This KYC Policy outlines our procedures for collecting and verifying customer information to meet legal and regulatory requirements.
2. Customer Registration
When registering on our platform, users are required to provide the following information:
- Full Name
- Date of Birth
- Current Address
- Country of Residence
- Any Citizenship(s) Held
3. Automatic KYC Verification
Upon registration, it is mandatory for users to complete an automatic KYC verification process with external sources, including:
- Identity Verification and PEP (Politically Exposed Person) Sanctions through www.sumsub.com
- Crypto Wallet Risk Screening through dataspike.io
4. Enhanced Due Diligence (EDD)
If the trading volume exceeds 15,000 euros, FINWIZE EOOD will conduct a Full Source of Funds (SoF) and Source of Wealth (SoW) assessment in line with our EDD procedures.
5. Privacy and Data Security
We prioritize the security and confidentiality of customer information. All data collected during the KYC process is stored securely and protected in accordance with our Privacy Policy.
6. Reporting Suspicious Activity
FINWIZE EOOD is vigilant against any suspicious activity and reserves the right to report it to the appropriate authorities. We encourage customers to report any suspicious behavior they encounter.
7. Compliance with Legal and Regulatory Requirements
We are committed to complying with all applicable laws and regulations, including anti-money laundering (AML) and counter-terrorism financing (CTF) requirements.
8. Customer Cooperation
Customers are expected to cooperate fully with FINWIZE EOOD during the KYC process and provide accurate and up-to-date information upon request.
9. Updates to KYC Policy
This KYC Policy may be updated to reflect changes in regulatory requirements or our internal processes. Customers will be notified of any significant changes.
10. Conclusion
By using FINWIZE EOOD’s platform on www.finwizcrypto.com, customers acknowledge and agree to comply with this KYC Policy. Failure to do so may result in the suspension or termination of their account.
FINWIZE EOOD is dedicated to ensuring the integrity of its services and the safety of its users, and this KYC Policy is a vital component of our commitment to these principles.