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AML and KYC Policy

Katikaa KYC and Anti-Money Laundering Policy

Effective Date: July 6, 2023

This Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy ('Policy') sets out the identification, due diligence, and reporting obligations of Katikaa ('we', 'us', 'our', 'the Platform') as required by applicable anti-money laundering and counter-terrorism financing legislation.

1. Know Your Customer (KYC)

We are committed to establishing the identity of our users to prevent fraud, money laundering, and the abuse of our Services for illegal activities.
  • When registering an account, we will collect certain personal information to confirm your identity, including your name, address, and date of birth.
  • We may also request additional documentation, such as a copy of your passport or driver's license and proof of address.
  • If we are unable to verify your identity to our satisfaction, we may deny your access to our Services or limit your ability to conduct transactions.
  • We reserve the right to periodically update your information for KYC purposes.

2. Anti-Money Laundering (AML)

To ensure compliance with AML laws, we will monitor and record your transaction activities and patterns and may report unusual transactions to the relevant authorities.
  • Transactions will be monitored for signs of suspicious activity. If we detect any unusual patterns, we will escalate these to our compliance team for further investigation.
  • We reserve the right to suspend or terminate your account if we suspect that you are engaging in illegal activity or transactions that are in breach of this Policy.
  • We are required to report any suspicious activities to regulatory authorities without notice to you.

3. Politically Exposed Persons (PEPs) and Sanctions

We have procedures in place to determine whether a user is a politically exposed person (PEP) or subject to any financial sanctions. Enhanced due diligence may be applied to these individuals.

4. Record Keeping

We will retain your KYC and transaction information for a minimum of five years or as required by local legislation. This information may be accessed by regulatory authorities and audited by our internal audit team.

5. Training and Compliance

Our staff are trained in KYC and AML procedures, and we have appointed a compliance officer responsible for overseeing compliance with this Policy.

6. Risk Assessment

We conduct risk assessments to establish appropriate systems and controls to mitigate the risk of money laundering and terrorism financing.

7. Updates to this Policy

We may update this Policy from time to time and will inform you of these changes by posting the updated Policy on our Platform.

8. Contact Us

If you have any questions about our KYC and Anti-Money Laundering Policy, please contact us at: service@katikaa.com

By using our Services, you confirm that you have read and understood this KYC and Anti-Money Laundering Policy.

Your use of Katikaa's Services is at all times subject to our Terms of Service, which incorporates this Policy. Any terms we use in this Policy without defining them have the definitions given to them in the Terms of Service.