Kryptotech Blockchain Technologies S.L. ANTI MONEY LAUNDERING ("AML") AND COUNTER TERRORIST FINANCING ("CTF") POLICY
In response to the scale and effect of money laundering the Spain, in common with many other countries, has passed legislation designed to prevent money laundering and to combat terrorism. Although Kryptotech Blockchain Technologies S.L. is currently unregulated and does not fall within the scope of the AML/KYC obligations in Spain, we have put in place systems and procedures that meet the Spanish AML legislation using the KYC system and the verification of all our debit card clients by our MasterCard provider.
ANTI-MONEY LAUNDERING (AML) AND KNOW-YOUR-CUSTOMER (KYC) POLICY
Kryptotech Blockchain Technologies S.L. AML Policy is designed to prevent money laundering by meeting the SPANISH AML legislation obligations including the need to have adequate systems and controls to mitigate the risk of being used to facilitate financial crime.
Nexank insists on a comprehensive and thorough KYC and AML compliance framework. This includes monitoring of suspicious transactions and obligatory reporting to local regulators and other compliance bodies.
Kryptotech Blockchain Technologies S.L. reserves the right to refuse registration to persons from jurisdictions that do not meet international AML standards.
Kryptotech Blockchain Technologies S.L. reserves the right to carry out customer diligence verification of its users and their transactions. Enhanced customer review will be carried out periodically as part of our ongoing risk assessment. In addition to this, any attempt to abuse Nexank or its platform will result in immediate account suspension and reporting violations to respective authorities.
Kryptotech Blockchain Technologies S.L. AML and KYC policies are as follows:
Registered members will be required to verify their identity in line with Kryptotech Blockchain Technologies S.L. and our MasterCard provider KYC policy. This includes submission of both government ID and proof of address. Valid ID includes a passport, national card, or driving license. Valid proof of address includes utility and rates bills not older than 3 months. Other forms of ID and address verification will not be accepted. Your account will be unverified until account validation has been completed.
Kryptotech Blockchain Technologies S.L. is prohibited from transacting business with individuals, companies and countries that are on prescribed Sanctions lists. Kryptotech Blockchain Technologies S.L. will therefore screen against United Nations, European Union, UK Treasury and US Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions in which we operate.