Book of Tromp KYC and Anti-Money Laundering (AML) Policy

 

1. Introduction

Book of Tromp are committed to preventing money laundering and terrorist financing. This policy outlines the measures we take to ensure compliance with the UK's Money Laundering Regulations and other applicable laws. By using Book of Tromp's services, you agree to comply with this KYC and AML policy.

2. Definitions

·        User: Any person accessing or using Book of Tromp website and services.

·        Book of Tromp: The token used within our ecosystem.

3. Know Your Customer (KYC) Policy

3.1. Purpose

The KYC policy aims to prevent Book of Tromp from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities.

3.2. KYC Procedures

To comply with KYC requirements, Book of Tromp will:

·         Information: Obtain personal information from users during registration, including full name, date of birth, address, nationality, and identification documents (e.g., passport, driver’s license).

·        Verify Identity: Verify the provided information and identification documents using reliable, independent source documents, data, or information. Enhanced Due Diligence: Conduct enhanced due diligence for users who present a higher risk, including politically exposed persons (PEPs) and users from high-risk jurisdictions.

·        Ongoing Monitoring: Monitor user transactions and activities continuously to detect and report suspicious activities.

3.3. User Responsibilities

Users must:

·        Provide accurate and complete information during the registration and verification process.

·        Update their personal information if there are any changes.

4. Anti-Money Laundering (AML) Policy

4.1. Purpose

The AML policy aims to prevent money laundering and terrorist financing through Book of Tromp's platform.

4.2. AML Measures

Book of Tromp will:

·        Risk Assessment: Conduct regular risk assessments to identify and mitigate money laundering and terrorist financing risks.

·        Transaction Monitoring: Monitor user transactions for suspicious activities, including large or unusual transactions that do not fit the user's normal behavior.

·        Record Keeping: Maintain records of all transactions and user information for a minimum of five years.

·        Reporting: Report any suspicious activities to the appropriate authorities in accordance with legal requirements.

5. Staff Training

Book of Tromp ensures that all relevant staff are:

·        Trained: Receive regular training on AML and KYC regulations, recognizing suspicious activities, and reporting procedures.

·        Aware: Kept up-to-date with any changes in AML and KYC regulations and internal policies.

6. Compliance and Reporting

6.1. Compliance Officer

Book of Tromp has a Compliance Officer responsible for:

·        Implementing and overseeing the KYC and AML policies.

·        Ensuring compliance with all relevant regulations.

·        Reporting any suspicious activities to the appropriate authorities.

6.2. User Reporting

Users are encouraged to report any suspicious activities or concerns to Book of Tromp's Compliance Officer.

7. Data Protection

Book of Tromp is committed to protecting user data in compliance with data protection regulations, including GDPR. All personal information collected during the KYC process will be securely stored and processed.

8. Amendments

Book of Tromp reserves the right to amend this KYC and AML policy at any time to ensure compliance with legal and regulatory requirements. Users will be notified of any significant changes to this policy.

9. Contact Information

For any questions or concerns regarding this KYC and AML policy, please contact us at:

Email: support@bookoftromp.com