KYC/AML Policy
Effective Date: 2024-01-05
1. Introduction
This KYC/AML Policy (the "Policy") outlines the procedures and practices of Mint Road in collecting and verifying the identity of its users to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
2. User Verification
2.1 Collection of Information
To comply with KYC/AML regulations, Mint Road utilizes a third-party service to collect the following information:
- Personal Information: Including but not limited to full name, date of birth, residential address, and nationality.
- Government-Issued Identification: Users are required to submit official identification documents, such as a passport or driver's license.
- Accreditation Documents: In certain cases, users may be required to submit accreditation documents to verify their status.
2.2 Source of Wealth Verification
Mint Road performs checks to verify the legitimacy of the user's source of wealth. This may include information related to employment, business ownership, investments, and other financial holdings.
3. Third-Party Service Provider
Mint Road engages a reputable third-party service provider to conduct the KYC verification process. The third-party service provider adheres to industry standards and regulations regarding the handling and safeguarding of sensitive information.
4. User Consent
By using Mint Road, users explicitly consent to the collection, processing, and verification of their personal information and documents for KYC/AML purposes.
5. Privacy and Security
Mint Road is committed to ensuring the privacy and security of user information. All collected data is handled in accordance with the privacy policy, and appropriate security measures are in place to protect against unauthorized access, disclosure, alteration, and destruction.
6. Compliance with Regulations
Mint Road is committed to complying with all applicable KYC/AML regulations and guidelines in the jurisdictions where it operates. The company reserves the right to deny access or services to users who do not comply with KYC/AML requirements.
7. Periodic Review
User information and documentation may be periodically reviewed to ensure continued compliance with KYC/AML regulations. Users may be required to provide updated information as needed.
8. Reporting Suspicious Activity
Users are encouraged to report any suspicious activity or potential violations of this KYC/AML Policy. Mint Road will investigate and report suspicious activities to the relevant authorities as required by law.
9. Changes to the KYC/AML Policy
Mint Road reserves the right to modify or update this KYC/AML Policy as necessary. Users will be notified of any changes, and continued use of our services implies acceptance of the revised policy.
10. Contact Us
If you have any questions or concerns about this KYC/AML Policy, please contact us at hello@mintroad.io.