KYC & AML Policy

1. Overview

Know Your Client (KYC) and Anti-Money Laundering (AML) policies are fundamental to Trust Reserves' operations. These policies help us comply with international regulations, prevent financial crimes, and maintain the integrity of our platform.

2. KYC Requirements

2.1 Identity Verification

All users must complete our Know Your Client verification process before accessing certain platform features. This includes:

• Providing valid government-issued identification
• Verifying your full legal name and date of birth
• Confirming your permanent residential address
• Providing proof of address (utility bill, bank statement, etc.)

2.2 Verification Process

2.3 Accepted Documents

For Identity Verification:

• Passport (valid or expired within 5 years)
• National ID card
• Driver's license
• Government-issued travel document

For Proof of Address:

• Utility bill (electricity, water, gas)
• Bank or credit card statement
• Government correspondence
• Property tax document
• Rental agreement or lease

3. Enhanced Due Diligence

For certain users or transaction types, we may require Enhanced Due Diligence (EDD), which includes:

• Detailed source of funds documentation
• Beneficial ownership information
• Business registration documents
• Professional references or credentials
• Additional verification calls or video interviews

4. AML Compliance

4.1 Money Laundering Prevention

Trust Reserves implements comprehensive AML measures to prevent money laundering, including:

• Transaction Monitoring: Real-time monitoring of all transactions for suspicious activity
• Sanctions Screening: Cross-referencing against international sanctions lists
• Pattern Analysis: Detecting unusual transaction patterns
• Reporting: Reporting suspicious activities to relevant authorities

4.2 Suspicious Activity

We monitor for and investigate suspicious activities including:

• Large deposits followed by immediate withdrawal
• Multiple rapid transactions to different accounts
• Transactions inconsistent with stated profile
• Deposits from sanctioned countries or entities
• Structuring or "smurfing" activities

4.3 Reporting Obligations

Trust Reserves is obligated to report suspicious transactions to relevant financial authorities. This may include freezing accounts pending investigation.

5. Sanctions Screening

All customers are screened against:

• OFAC (Office of Foreign Assets Control) lists
• EU sanctions lists
• UN Security Council lists
• Other international sanctions databases

Customers found on sanctions lists will have their accounts suspended immediately.

6. User Responsibilities

Users must:

• Provide accurate and truthful information during KYC
• Update their information if personal details change
• Cooperate with compliance inquiries
• Comply with all applicable laws and regulations
• Not engage in money laundering or terrorist financing
• Report suspicious activity on the platform

7. Data Protection

All KYC and AML information is:

• Encrypted and securely stored
• Access-restricted to authorized personnel only
• Protected under strict confidentiality agreements
• Retained according to legal requirements
• Never shared with unauthorized third parties

8. Verification Timelines

9. Account Suspension

We may suspend or close accounts if:

• Verification documents are forged or fraudulent
• Information provided is false or misleading
• User appears on sanctions lists
• Suspicious or potentially illegal activities are detected
• User fails to respond to compliance requests

10. Contact & Support