Know Your Customer (KYC) and Anti-Money Laundering (AML)
Policy
At GTSYNC HOST, we are committed to maintaining the highest
standards of integrity, compliance, and security. Our Know Your Customer (KYC)
and Anti-Money Laundering (AML) policy is designed to prevent and mitigate
risks associated with illegal activities such as money laundering, terrorist
financing, fraud, and other financial crimes.
KYC Procedures:
- Customer
Identification:
- We
require accurate and up-to-date customer information during the account
registration process.
- Customers
are required to provide valid identification, proof of address, and other
relevant information as part of the KYC process.
Ongoing
Monitoring:
- We
conduct ongoing monitoring of customer accounts to ensure the continued
accuracy of information and to identify any suspicious activity.
Enhanced
Due Diligence (EDD):
- Enhanced
due diligence may be conducted for high-risk customers or transactions.
- Additional
documentation or information may be requested to verify the legitimacy of
certain activities.
AML Measures:
- Transaction
Monitoring:
- We
employ sophisticated tools and monitoring systems to identify and analyze
unusual or suspicious transactions.
Reporting
Suspicious Activity:
- Our
staff is trained to recognize and report any suspicious activity
promptly.
- Reports
will be submitted to the relevant authorities in compliance with
applicable laws and regulations.
Risk-Based
Approach:
- We
apply a risk-based approach to customer due diligence, tailoring our
efforts based on the assessed level of risk associated with the customer
or transaction.
Compliance
with Applicable Laws:
- We
adhere to all applicable laws and regulations related to KYC and AML,
including international standards and guidelines.
Customer Cooperation:
- Prompt
Response:
- Customers
are expected to promptly respond to any requests for additional
information or documentation related to KYC and AML compliance.
Accuracy
of Information:
- Customers
are responsible for providing accurate and complete information during
the KYC process.
Notification
of Changes:
- Customers
are required to notify GTSYNC HOST of any changes to their information
promptly.
Data Protection:
- Confidentiality:
- Customer
information collected during the KYC process is treated with the utmost
confidentiality and is only disclosed as required by law.
Data
Security:
- We
employ robust data security measures to protect customer information from
unauthorized access, disclosure, alteration, or destruction.
GTSYNC HOST reserves the right to terminate services for
customers who do not comply with our KYC/AML policy or engage in activities
that pose a risk of financial crime. We may also report such activities to
relevant authorities.
This KYC/AML policy is subject to periodic review and may be
updated to reflect changes in laws, regulations, or business practices.
Customers will be notified of any changes to the policy.
