AML/KYC Policy

1. Introduction

u-wave.win is committed to maintaining the highest standards of compliance with anti-money laundering (AML) and know your customer (KYC) regulations. This policy outlines our procedures for preventing money laundering, terrorist financing, and other financial crimes.

2. Customer Due Diligence (CDD)

We implement a risk-based approach to customer due diligence, which includes:

• Identity verification through official documents
• Address verification and proof of residence
• Source of funds verification
• Risk assessment based on customer profile
• Ongoing monitoring of customer transactions

3. Required Documentation

4. Enhanced Due Diligence (EDD)

Enhanced due diligence is required for high-risk customers, including:

• Politically Exposed Persons (PEPs)
• High-value transactions
• Customers from high-risk jurisdictions
• Complex ownership structures
• Unusual transaction patterns

5. Transaction Monitoring

Our automated system monitors all transactions for suspicious activity, including:

• Large or unusual transaction amounts
• Frequent transactions in short periods
• Transactions with high-risk jurisdictions
• Structuring or smurfing attempts
• Unusual payment methods or sources

6. Reporting Obligations

We are required to report suspicious transactions to relevant authorities within 24 hours of detection. This includes any transactions that may be related to money laundering, terrorist financing, or other financial crimes.

7. Record Keeping

We maintain comprehensive records of all customer transactions and due diligence procedures for a minimum of 5 years, as required by law. These records are securely stored and accessible only to authorized personnel.

8. Staff Training

All staff members receive regular training on AML/KYC procedures, including:

• Recognition of suspicious activity
• Customer due diligence procedures
• Reporting requirements
• Regulatory updates and changes

9. Compliance Officer

Our designated Compliance Officer is responsible for overseeing all AML/KYC procedures and ensuring compliance with applicable regulations. The Compliance Officer reports directly to senior management and has authority to implement necessary changes to maintain compliance.

10. Penalties for Non-Compliance

Failure to comply with AML/KYC requirements may result in:

• Account suspension or termination
• Transaction delays or rejections
• Legal action and penalties
• Reporting to regulatory authorities

11. Contact Information