KYC & AML Compliance Policy
- Customer Due Diligence (CDD)
We implement a strict CDD framework to prevent illicit financial activities, including:
- Identity verification (passport, national ID, driver’s license)
- Proof of address (utility bill, bank statement, residency document)
- Business verification (company registration, ownership proof, business confirmation)
- UBO identification (shareholders owning 25% or more)
- Risk-Based Approach (RBA)
Clients are categorized into low, medium, or high risk based on:
- Geographic location (sanctions, high-risk countries)
- Nature of business activities
- Transaction patterns and funding sources
- Politically Exposed Person (PEP) status
For high-risk clients, Enhanced Due Diligence (EDD) is required.
- Anti-Money Laundering (AML) Measures
We actively prevent money laundering by:
- Monitoring and reporting suspicious transactions
- Adhering to international AML compliance regulations
- Screening clients against OFAC, UN, EU, and UK Sanctions Lists
- Implementing transaction monitoring
- Sanctions & Compliance Measures
PT Market Edge Group does not engage in business with:
- Individuals or entities on global sanctions lists
- Businesses in high-risk jurisdictions (as per FATF)
Clients involved in fraud, corruption, or illicit trade