KrezyPay Anti-Money Laundering (AML) Policy

1. Introduction

KrezyPay, as a fintech company, is committed to maintaining the highest standards of integrity and compliance in anti-money laundering (AML) and counter-terrorism financing (CTF). This AML policy aims to prevent and detect any money laundering and terrorism financing activities and to comply with applicable laws and regulations.

2. Responsibilities

2.1 Board of Directors

The Board of Directors is responsible for approving and overseeing the AML policy. They ensure that adequate resources are allocated for the effective implementation of this policy.

2.2 AML Compliance Officer

An AML Compliance Officer is designated to ensure the implementation and adherence to the AML policy. This officer has the authority and resources necessary to carry out their functions.

2.3 Employees

All KrezyPay employees must comply with AML procedures and undergo regular training to stay informed about legislative changes and best practices in anti-money laundering.

3. Know Your Customer (KYC)

KrezyPay implements rigorous Know Your Customer (KYC) procedures to verify the identity of its clients. These procedures include, but are not limited to:

• Collecting identification information such as name, address, date of birth, and official identification documents.
• Verifying the documents submitted by the client.
• Ongoing monitoring of transactions to detect any suspicious activity.

4. Monitoring and Detection

KrezyPay uses automated systems and manual controls to monitor transactions and detect suspicious activities. Monitoring criteria include:

• Unusual transactions in terms of volume or nature.
• Activities inconsistent with the client's profile.
• Transactions involving high-risk countries or regions.

5. Reporting Suspicious Activities

Any identified suspicious activity must be immediately reported to the AML Compliance Officer. This officer is responsible for deciding whether a Suspicious Activity Report (SAR) should be submitted to the relevant authorities. Employees are trained to recognize and report suspicious activities.

6. Record Keeping

KrezyPay retains all documents related to client identification and transactions for a minimum of five years, in compliance with legal requirements.

7. Training and Awareness

KrezyPay regularly conducts training and awareness sessions for all employees to ensure a comprehensive understanding of AML obligations and internal procedures.

8. Audits and Internal Controls

Regular internal and external audits are conducted to assess the effectiveness of the AML policy and identify areas for improvement. Audit results are reported to the Board of Directors, and corrective measures are implemented as necessary.

9. Sanctions and Disciplinary Actions

Any violation of KrezyPay's AML policy may result in disciplinary action, up to and including termination. Employees are informed of the consequences of non-compliance with AML procedures.

10. Policy Review

KrezyPay's AML policy is reviewed and updated regularly to ensure compliance with current laws and regulations and to incorporate industry best practices.

Contact:
For any questions or to report suspicious activity, please contact our AML Compliance Officer at supporte@krezypay.com or [phone number].

KrezyPay is committed to acting diligently and fully cooperating with authorities in the fight against money laundering and terrorism financing.

This policy is approved by the Board of Directors of KrezyPay and is effective as of 01/01/2023.