KYC POLICY
KYC POLICY
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  1. AFFCOUNTRY Anti-Money Laundering and Know Your Customer Policy (hereinafter - the “AML/KYC Policy”) is designated to prevent and mitigate possible risks of AFFCOUNTRY.COM being involved in any kind of illegal activity.
  2. For the purposes of this policy, money laundering is generally defined as engaging in acts designed to conceal or disguise the true origins of criminally derived proceeds so that the unlawful proceeds appear to have been derived from legitimate origins or constitute legitimate assets.
  3. Each of the Company’s affiliates/partner/client is required to comply with AML and KYC policies.
  4. All identification documentation and services records shall be kept for the minimum period required by local law.
  5. Client is forbidden to receive and use Services and/or the software for any illegal or fraudulent action, or for any illegal or fraudulent Operations (including money laundering) according to the legislation of the country of jurisdiction of Client or Company.
  6. This requirement extends to obtaining complete information about counterparties-legal entities, the nature of their business and certain business transactions for which a financial transaction is being conducted. The below requirements represent the standard KYC we will request to start boarding. Further KYC may be requested depending on sector, location or to provide further information as a result of the documents provided.
    KYB (Know Your Business) Required Documents:
    • - Certificate of Incorporation;
    • - Articles/Memorandum of Association;
    • - Confirmation of company registered address;
    • - Recent company Bank Statement;
    • - Document confirming shareholders/UBO (share certificates may be requested);
    • - Document confirming directors;
    • - Photo ID for all Directors/Shareholders;
    • - Proof of address for all Directors/Shareholders.

  7. This requirement extends to obtaining complete information about counterparties-individuals. The below requirements represent the standard KYC we will request to start boarding. Further KYC may be requested depending on sector, location or to provide further information as a result of the documents provided.

    KYC (Know Your Customer) Required Documents:

    • - ID/DL/Passport. High-quality colored scan of identity document.
      Image requirements:
      • • High-resolution colored scan copy;
      • • Clear image, not blurry, no shadows or reflections;
      • • No cropping (all zones and corners must be clearly visible).
    • - Proof of address / Utility Bill. Any recent document, not older than 90 days, such as a bank reference letter or bank statement, or an electricity, gas or internet bill that shows your name and your current physical address. Please note that mobile phone bills cannot be used for this purpose.