ANTI-MONEY LAUNDERING

FIAT, Virtual Currencies, Tokens and CFD Trade

An off-the-shelf solution allowing the launch of a new trading platform from scratch.

Automated purchase/sale of virtual currencies, tokens, as well as purchase and sale for fiat money and CFD trading on virtual currencies.

 

The Provider of Exchange and Trading Platform www.kineticex.com (hereinafter – the "Company" or "we") is required to comply with the Anti-Money Laundering and Countering Financing of Terrorism Legislation (AML/CTF Laws). To help the government fight the funding of terrorism and money laundering activities, law requires all financial institutions to obtain, verify, and record information that identifies each person opening an account. We have developed internal Anti-Money laundering and Counter-Terrorism Policy (hereinafter - AML Policy) based on the risk assessment, so the objectives of the AML/CFT Laws can be achieved. These are:

to detect and deter money laundering and financing of terrorism;

to maintain and enhance the Company’s international reputation by adopting, where appropriate, recommendations issued by the Financial Action Task Force; and

to contribute to public confidence in the financial system.

By applying for an account with us you are taken to agree to the following terms:

you warrant that you comply with all applicable anti-money laundering laws and regulations, including but not limited to the AML/CTF Laws and associated rules and regulations (in force from time to time);

you are not aware and have no reason to suspect that:

the money used to fund your account with us has been or will be derived from or related to any money laundering or other activities deemed illegal under applicable laws or regulations or otherwise prohibited under any international convention or agreement (“illegal activities”); or

the proceeds of your investment will be used to finance illegal activities; and

you agree to promptly provide us with all information that we reasonably request in order to comply with all applicable laws and regulations relating to anti-money laundering.

In accordance with our AML Policy we will conduct initial and ongoing due diligence for each customer according to risk level posed by the customer.

What this means for you: In compliance with the applicable law, we will ask for certain minimum identification information from each customer which opens an account; record customer identification information and the verification methods and results; provide notice to customers that we will seek identification information and compare customer identification information with government-provided lists of suspected terrorists.

This minimum information may include:

the customer's full name; and

the customer's date of birth if natural person; and

the customer’s nationality if natural person; and

if the person is not the customer, the person's relationship to the customer; and

the customer's current permanent address or registered office; and

the customer's company identifier or registration number; and

the expected origin of the funds to be used within the relationship; and

occupation and name of employee (if self-employed, the nature of the self-employment).

In order to verify the abovementioned information we will require submitting the following documents:

for INDIVIDUALS:

Current valid passport;

National identity card;

Driving license which bears a photograph; and

Document proving current permanent address (such as utility bills, bank statements, etc.).

For CORPORATE CUSTOMERS:

Certificate of Incorporation or any national equivalent;

Memorandum and Articles of Association and statutory statement or any national equivalent;

Certificate of good standing or other proof of registered address of the company;

Resolution of the board of directors to open an account and confer authority on those who will operate it;

Copies of powers of attorney or other authorities given by the directors in relation to the company;

Proof of identity of directors in case they will deal with us on behalf of the Customer (according to the Individual identity verification rules described above);

Proof of identity of the beneficial owner(s) and/or the person(s) on whose instructions the signatories on the account are empowered to act (according to the Individual identity verification rules described above)

In order to verify the abovementioned information we will require at minimum submitting the documents specified above. We may also request you to provide additional information accompanied with respective documents.